Qatar caps bonuses for commercial bank board members
Qatar's central bank is capping bonuses for board members of commercial banks in the country, it said in a circular…
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As part of the Bahrain-India Business Forum held in Mumbai, Gulf Finance House Signs Development Agreements with Wadhwa Group and Adani
Gulf Finance House, the Bahrain based Islamic investment bank, today announced the signing of two development agreements for real estate…
Kuwait Al Ahli Bank chairman fined $5.3m
A Kuwaiti court has fined the chairman of Al Ahli Bank, the country's eighth largest bank by market capitalisation, 1.5…
EM monetary tightening worries Middle East advisers
A poll has revealed that emerging market monetary tightening is the biggest concern of intermediaries in the Middle East for…
Barwa Bank named Qatar's "Best Islamic Bank"
Barwa Bank , Qatar's fastest growing Shari'ah compliant banking service provider, has been named "Best Islamic Bank in Qatar" at…
BLME reports £56m operating income in 2013
BLME Holdings plc, the Nasdaq Dubai-listed Islamic banking group on Monday reported an operating profit before tax of £6.1 million…
Kuwait fines Ahli Bank chairman $5.3 mln over insider trade
A Kuwaiti court has fined the chairman of Al Ahli Bank, the country's eighth largest bank by market capitalisation, 1.5…
Middle East leads 2013 luxury shopping with EUR 1,400 per capita spending, says Bain & Company
The number of luxury consumers worldwide has more than tripled over the past 20 years, from roughly 90 million in…
UAE bank assets cross Dh2 trillion mark
The combined assets of the UAE banks crossed Dh2 trillion mark for the first time at the end of 2013…
Bank of London and the Middle East’s Chairman retires
With effect from 31 March 2014, Yacob Al Muzaini, will retire as Independent Non-Executive Chairman of BLME Holdings plc and…
Demand boosts Bahrain’s financial sector
Growing demand for more sophisticated financial products and services helped drive growth in Bahrain’s financial sector during 2013, According…
Ithmaar Bank reports loss after provisions, but core business continues to grow
Bahrain-based Ithmaar Bank reported a net loss of BHD 29.9 million in 2013, compared to a net loss of BHD…