Qatari bank agrees to sell 50% real estate stake to gov't fund
Masraf Al Rayan, Qatar's largest Islamic bank by market value, said on Sunday it had agreed to sell its 50…
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Arab Banking Corporation appoints new Head of Group Compliance
The Arab Banking Corporation (ABC) announced today the appointment of a new Head of Group Compliance, Mrs. Sharon Craggs, at…
Rebranded Ahlibank set to roll out modern products, services
After a successful rebranding, Ahlibank is set to roll out modern products and services that align with the growing needs…
NBAD Dividend Leader named Newcomer Fund
The National Bank of Abu Dhabi’s MENA Dividend Leader Fund has been voted Newcomer Fund of the Year 2013 by…
Bank Nizwa wins prestigious award for being best Islamic financial Institution in Oman.
Dr. Jamil El Jaroudi, CEO, Bank Nizwa accepted another prestigious award on behalf of the bank at the recent London…
Saudi’s Al Rajhi Bank posts fourth straight quarterly profit drop
Al Rajhi Bank posted a fourth successive quarterly profit decline as its second-quarter earnings fell 8.2 per cent year-on-year, with…
Emirates Islamic offers special exchange rates on currencies for summer travel season
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of its special exchange…
Takaful: Specific regulations to improve insurance penetration
Takaful is experiencing rapid growth in the GCC and some regulators have recently responded by proposing a host of new…
Commercial Bank of Dubai Appoints New General Manager
Commercial Bank of Dubai announced the appointment of Mr Alain Renaud as its General Manager Corporate, Commercial & Investment Banking…
Burgan Bank Wins 'Best Investor Relations' at 2014 Annual GCC Investment & Development Awards
Burgan Bank announced its winning of the 'Best Investor Relations in GCC' award from World Finance, one of the world's…
Azerbaijani banks permitted to make reports to other states about their customers directly or through mediators
Azerbaijan de facto joined the American tax reporting system FATCA (Foreign Account Tax Compliance Act): on July 8 President Ilham…
Are Banks Prepared For Another Dubai Property Bubble?
Dubai’s booming property market has once again come under scrutiny, thanks to a swift increase in prices, a rapidly growing…