Bahrain central bank finalising rules for Islamic advisory firms
Bahrain's central bank is finalising rules for the supervision of sharia-compliant advisory firms, part of a wider overhaul of standards…
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Raffles Residency Woos UAE's High Net-worth Indians to Invest in Bespoke Villas
Raffles Residency Private Limited, an entity of the Singapore based Jumabhoy family specialising in luxury residences, today announced that a…
Dubai Islamic Bank to Buy 25% of Indonesian Lender
Dubai Islamic Bank on Monday said it would buy a quarter of Indonesian lender Bank Panin Syariah as part of…
Global Islamic banking assets to exceed $3.4trn by 2018, says EY
Global Islamic banking assets with commercial banks are on course to exceed US$3.4 trillion by 2018, fueled by growing economic…
Emirates Reit acquires Dubai community mall
Emirates Reit, the Shariah-compliant regulated real estate investment trust, has acquired the community mall Le Grande which forms part of…
GFH Capital acquires American curriculum private school in Dubai
GFH Capital, a subsidiary of Bahrain based Gulf Finance House, today announced the signing of the acquisition of a Dubai-based…
HSBC sees UAE’s growth enhancing sukuk outlook
UAE borrowers will help revive regional sukuk sales this year from the slowest start since 2011 as the economy gains…
Saudi long-term growth in nonoil sectors to continue
Long-term growth is expected to continue in the non-oil sectors in Saudi Arabia with massive government spending on infrastructure projects…
First Bahrain appoints New Chairman
First Bahrain Real Estate Development Company K.S.C. have announced the appointment of Bahraini businessman Waleed Ahmed Al Khaja as its…
China’s Biggest Bank Gets Approval For Kuwait Branch
China’s biggest bank, Industrial and Commercial Bank of China, got final approval on Sunday to open a branch in Kuwait,…
Deutsche Bank enlists Qatar in $11 billion capital hike
Deutsche Bank launched plans to raise 8 billion euros in new capital on Sunday with the Qatari royal family a…
UAE Seen Allowing Full Short Selling Of Stocks As Money Flows In
The United Arab Emirates (UAE) is likely to allow fully-fledged short selling of securities when it implements new trading rules…