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Islamic Finance

International conference brings together over 100 Islamic economy arbitrators, experts

May 3, 2014

The International Conference of Arbitrators and Experts in the Islamic Economy was organised last Thursday in Dubai, brought together some…

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Islamic Finance

Bank Muscat's Islamic unit plans $300 mln dual-currency sukuk issue

May 2, 2014

The issue, which could carry tenors of between three and five years, would be part of a 500 million rial…

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Investment Banking

Abu Dhabi's Senaat shelves IPO plans

May 2, 2014

Abu Dhabi government-owned General Holding Corporation has shelved plans for a stock market debut, four sources aware of the matter…

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Investment Banking

Summer of discontent for UAE bankers disappointed by bonuses

May 2, 2014

Bonuses were a source of sadness and frustration for almost half of Middle Eastern finance employees last year, a survey…

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Fraud & Ethics

UAE strengthens enforcement against money laundering

May 2, 2014

The UAE has taken steps to clear up concerns about money laundering in the region with new rules clamping down…

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Hedge Funds & Alternative Investments

Mitsui and sovereign wealth funds of Qatar, Abu Dhabi and Oman keen to buy stake in Petronet

May 2, 2014

Japan's Mitsui and cash-rich sovereign wealth funds of Qatar, Abu Dhabi and Oman are keen to buy Asian Development Bank's…

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Executive Moves

ABK Appoints Ex-Head Of Gulf Bank As CEO

May 2, 2014

Michel Accad has been appointed chief executive of Kuwait’s Al Ahli Bank a stock market statement said on Thursday, the…

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Hedge Funds & Alternative Investments

Guidance set on $533m GIB note

May 2, 2014

Bahraini lender Gulf International Bank has set guidance of 72.5 basis points over the three-month Saudi interbank lending rate on…

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Comment & Analysis

Middle East Funds Become More Cautious On UAE Mkts

May 1, 2014

Middle East fund managers have become more cautious about stock markets in the United Arab Emirates because of concern that…

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Fraud & Ethics

Ex-Mizrahi Banker Said to Be Indicted in U.S. Tax Fraud Case

May 1, 2014

Former Mizrahi Tefahot Bank Ltd. senior vice president Shokrollah Baravarian was indicted for helping U.S. customers conceal their assets from…

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Legal

Oman, Spain sign agreements

May 1, 2014

MoUs cover defence, tourism, archives and double taxation — MUSCAT — Oman and the Kingdom of Spain signed a memorandum…

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Islamic Finance

Dubai's DIB in talks for 40% stake in Indonesian lender

May 1, 2014

Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, is in talks with a publicly-listed Islamic bank in Indonesia…

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