Jordan’s banking industry on firm footing
While Jordan’s economy remains weighed down by a number of challenges, the banks continue to perform strongly, with intended new…
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Saudi King Appoints Al-Furaih as Deputy Central Bank Governor
Saudi Arabia’s King Abdullah appointed Abdulaziz al-Furaih as deputy governor of the kingdom’s Central bank, state-owned Saudi Press Agency reported,…
Mashreq wins Superbrands 2014
The annual tribute event by Superbrands was held recently at the Intercontinental Hotel in Dubai Festival City to honour UAE's…
Abu Dhabi Islamic Bank Q2 Net Profit Jumps 22.6%
Abu Dhabi Islamic Bank, the largest sharia-compliant lender in the emirate, beat analysts’ estimates on Sunday as it posted a…
UAE Islamic banking assets crossed $95b in 2013
The UAE is emerging as a serious player in the Islamic banking market with total Islamic banking assets growing to…
CFA Institute recommends greater transparency in bank financial reporting
Banking industrys’ financial reporting requires greater transparency, according to a new study ‘Financial Crisis Insights on Bank Performance Reporting’ by…
NBAD appoints MD to expand services to energy and resources sector
The National Bank of Abu Dhabi has appointed Marc Mollema as the Managing Director and Global Head of Energy &…
GCC's Biggest Banking Technology Summit To Direct Major IT Spend
Over 400 C-level executives, IT experts, retail banking specialists and finance heads have confirmed to attend the region’s biggest banking…
Dubai Chamber report highlights growing popularity of Islamic finance over conventional sector
As the emphasis on low risk product alternatives kept the sector insulated from the financial meltdown, Islamic banking products and…
QNB Group: The rise of the Chinese Renminbi is an opportunity for Qatar
China is opening up to the world and is promoting the wider global use of its currency, the Renminbi (RMB).…
Kuwait's CBK faces hurdles as it converts to Islamic bank
Commercial Bank of Kuwait (CBK) was granted permission by the Central Bank of Kuwait to issue KWD 120 million (USD…
Burgan Bank named 'Best Domestic Retail Bank of the Year'
Burgan Bank has announced that it has won the coveted "Best Domestic Retail Bank of the Year" award from the…