Bahrain eyes new rules for Islamic financing contracts
Bahrain's central bank has released a consultation paper to study possible changes to rules for sharia-compliant financing arrangements which the…
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Dubai a solid contender in Islamic finance race
Islamic finance has been gaining popularity and benefits from the markets' insatiable appetite for sukuk or Islamic bonds. Not…
Scottish Trade to Middle East Increases 13%, According to Most Recent Government Figures
Scottish exports grew to US$2.01 billion in the Middle East and to US$43 billion worldwide in 2012, according to the…
Standard Chartered in deal with Capital Club
Standard Chartered Bank and Capital Club Bahrain have signed a strategic agreement implementing a plan benefiting "priority" and "international banking"…
New chief executive of HSBC Bank Oman announced
HSBC Bank Oman yesterday announced the appointment of Andrew Long as its new chief executive officer (CEO). This change was…
Qatar shares jump on budget optimism
The Qatar Exchange yesterday crossed the 11,900 mark, encouraged by the growth-oriented and private sector-supportive 2014-15 General Budget. Domestic…
Saudi Arabia's NCB plans capital hike before IPO
National Commercial Bank, Saudi Arabia's biggest bank by assets, plans to boost its capital by 5 billion riyals ($1.3 billion)…
Bank Muscat wins Best Asset Manager award by Emeafinance
Bank Muscat, the flagship financial services provider in the Sultanate, has won the Best Asset Manager award by Emeafinance. …
Dubai launches Islamic Murabaha platform
Dubai has launched a new comprehensive Islamic Murabaha platform to provide local and regional banks with Shariah compliant financing solutions…
Gulf region still a risk for investors, EIU report says
Despite improvements in regulations and moves to diversify Arab economies beyond natural resources, global investors remain wary of doing business…
Qatar’s QNB Said to Hire McKinsey to Advise on Egypt Bank Growth
The company is helping the state-controlled lender devise a five-year plan for Qatar National Bank Alahly, said the people, who…
More growth seen for Middle East banks
There is a probability of such a number again in 2014, but high single-digit growth is most likely, Dr Reinhold…