Big money-laundering racket busted in Bahrain
Twelve men have been accused of being part of a money laundering ring that illegally transferred SR400 million ($106.6 million)…
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Dubai Investment Bank Arqaam Capital Plans Saudi Arabia Presence
Arqaam Capital Ltd., the Dubai-based investment bank expanding across the Middle East and Africa, said it plans to open in…
Salam International profit at QR113.8m
Salam International Company recorded an annual net profit of QR113.8m in 2013, up from QR84.1m posted during the same period…
Alizz Islamic Bank Appoints Head of Compliance
Alizz Islamic Bank Oman’s Most Innovative Islamic Bank 2013 by Global Banking and Finance Review, has announced the appointment of…
Dubai's Al Habtoor appoints former ADIA exec to board
The Al Habtoor Group has announced the appointment of a former Abu Dhabi Investment Authority executive to its board. …
Deloitte survey: Middle East fertile territory for Chinese outbound M&A investments
The fifth edition of the Deloitte 2013 Greater China outbound Mergers & Acquisitions (M&A) spotlight, ‘Graduating up the value chain’…
Abu Dhabi Islamic Bank net profit for 2013 increases 20.7% to AED 1.450 billion
Group net profit for 2013 increased by 20.7% to AED 1,450.2 million, after taking credit provisions and impairments of AED…
Saudi business activity growth in January ‘fastest since late 2012’
Growth in Saudi Arabia’s nonoil business activity accelerated in January for the third successive month to its highest rate since…
Shaikh Khalifa is fine, says Abu Dhabi Crown Prince
General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed…
First Gulf Bank hiring investment bankers
First Gulf Bank is hiring investment bankers to tap an expected pickup in companies issuing debt and listing on stock…
Qatar Islamic Bank and QInvest launched "Shiraa Funds"
Qatar Islamic Bank and QInvest have together launched a new range of innovative Shari'a compliant funds, the "Shiraa Funds". Shiraa…
Dubai financial centre posts double-digit growth for 2013
The Dubai International Financial Centre, the top banking hub in the Middle East, said it grew at double-digit rates last…