Barclays offloads UAE retail division
Abu Dhabi Islamic Bank (ADIB) today announced that it had signed an agreement to acquire the retail banking business of…
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JPMorgan Said to Probably Join Morgan Stanley on Emaar Mall IPO
JPMorgan Chase & Co. will probably join Morgan Stanley as global coordinator on the initial public offering of Emaar Properties…
Investcorp in deal with Eyck Capital
Bahrain-based Investcorp's US-based hedge fund business and Eyck Capital Management a London-based investment manager led by Khing Oei, yesterday announced…
Saudi scholar returns to IILM
A prominent Islamic scholar from Saudi Arabia has rejoined the Sharia supervisory board of the Malaysia-based International Islamic Liquidity Management…
OBG report to chart Kingdom’s anticipated IPO increase
The sharp upturn in IPO activity which is being forecast for Saudi Arabia’s markets will be explored in a forthcoming…
Kuwait Telco Zain Signs $250 Mln Murabaha Facility
Zain Group, a pioneer of mobile telecommunications in eight markets across the Middle East and Africa, has secured a USD…
New Dubai sukuk standards seek to clarify liability, rights
Dubai's main bourse has published new standards for structuring Islamic bonds, seeking to clarify their legal status and attract a…
Dubai Challenges London With Islamic Financing Platform
Dubai will soon compete with London for a share of Islamic banks’ liquidity management business by offering a new platform…
Qatar Islamic Bank purchase of BankAsya stake would be credit positive for BankAsya
Moody’s believes this is credit positive for BankAsya because QIB is in a position to strengthen BankAsya’s relatively lean capital…
Saudi’s Prince Alwaleed meets with Goldman Sachs chairman
Saudi billionaire businessman Prince Alwaleed Bin Talal met with a delegation from Goldman Sachs Group, led by chairman and CEO…
Saudi group offers new settlement
Ahmad Hamad Algosaibi & Brothers Co. has invited financial institutions with claims against the company to attend a meeting in…
Commercial Bank of Kuwait to convert to Islamic banking -KUNA
Commercial Bank of Kuwait, the Gulf state's fifth largest lender by assets, said a majority of shareholders had approved a…