National Bank of Oman names new CEO
The National Bank of Oman on Saturday announced the appointment of Ahmed Al Musalmi as Chief Executive Officer. Al…
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Dubai's Shuaa Capital swings to Q1 profit
Total revenues were AED 64m;a77% increaseon Q1 2013’s AED 36m Net profit of AED 8.2m; continuous quarterly improvement in profitability…
Bahrain: New $1.9bn claim in bank collapse
Administrators of a collapsed Bahraini bank have filed a $1.9 billion lawsuit against a Saudi conglomerate caught up in a…
The CIO Office at Emirates NBD Wealth Management says: “China vs. the USA in financial markets”
GCC markets are resuming their strong bull-run, after a brief consolidation, ahead of the MSCI upgrade for UAE and Qatar.…
Winners of The 2014 IDB Prize in Islamic Banking and Finance announced
The Islamic Development Bank has announced Shaikh Muhammad Taqi Usmani from Pakistan and Professor Dr. Rodney Wilson from the United…
EIB Lends EUR200 Million To Turkey For Europe-Asia Rail Link Project
The European Investment Bank (EIB) is providing a further EUR 200 million loan to the Turkish Government for the Marmaray…
Barclays to cut 7,000 jobs, impact on UAE is not yet known
Britain’s second largest bank, Barclays, has announced it is to cut 7,000 more jobs from its investment banking arm over…
Turkey's Albaraka bank mandates banks for maximum $500 mln sukuk issue
Turkish participation bank Albaraka, owned by Bahrain-based Islamic lender Al Baraka, mandated banks for a sukuk issue worth maximum $500…
Bahrain's GFH appeals Kuwait market regulator monitoring
Bahrain-based Gulf Finance House has appealed a decision by Kuwait's financial regulator to monitor its Kuwait-listed shares after the stock…
Middle East Hotel Survey 2014: Fast Forward and Rewind.
In 2013, the Middle East region continued to witness turmoil and instability, and at the same time, It achieved…
UAE investors seek exposure in India real estate
Investors from the UAE are increasingly looking to put their money in India’s real estate in view of the country’s…
Kuwait's Investment Dar makes new offer to creditors
Investment Dar, the Kuwaiti firm which holds a stake in luxury carmaker Aston Martin, said on Wednesday it had made…