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,…
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Banque Saudi Fransi plans $533 mln sukuk by end-June – banking sources
Banque Saudi Fransi plans to sell a capital-boosting Islamic bond worth around 2 billion riyals ($533 million), two banking sources…
Surat diamond Hawala case: Enforcement Directorate to send LRs to Middle-East, Hong Kong
Enforcement Directorate will soon approach Middle-East countries and Hong Kong for obtaining details of illegal payments made overseas in connection…
Banks need to undergo ‘digical’ transformation: Bain & Co
Retail banks in the Middle East need to seriously up their game in the digital space if they want to…
Qatar main engine of growth in Mena: QNB
GCC countries continue to be the main engine of economic growth in the Middle East and North Africa, with Qatar…
Banque Saudi Fransi plans $533 million sukuk by end-June – banking sources
Banque Saudi Fransi plans to sell a capital-boosting Islamic bond worth around 2 billion riyals two banking sources aware of…
Emirates Islamic hosts UAE national SME owners meet with focus on achieving targeted growth
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently organised a meeting for UAE national SME…
ADIB Securities joins NASDAQ Dubai's expanding market as equities trading Member
Membership of NASDAQ Dubai will enable ADIB Securities to extend the reach of its Sharia'a-compliant trading platform, giving clients access…
UAE banks invest heavily in technology
Banks in the UAE said they are heavily investing in new technologies and reinventing their strategies to strengthen their business.…
UAE Brits List 2014 – Banking and Finance
Our highest new entry this year is the man running the UAE’s biggest bank. Alex Thursby became the group CEO…
ADIB-Barclays deal in second half of 2014
Abu Dhabi Islamic Bank, or ADIB, is expected to conclude its retail business deal with Barclays in the second half…
Islamic banks turning toward Basel III sukuk
The gradual implementation of Basel III accords since Jan. 1, 2013 has led to Islamic banks turning toward issuing Basel…