QE the best performing Arab bourse in post-financial crisis era
Qatari bourse posted strongest recovery after the Lehman collapse and the consequent global financial crisis. At the close of…
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Islamic finance body IILM to expand sukuk issuance to $860m
Malaysia-based International Islamic Liquidity Management Corp will expand its Islamic bond programme by $370 million to $860 million next week…
Dubai Group signs $10 billion debt restructuring deal
Dubai Group has signed a $10 billion debt restructuring deal, two sources with knowledge of the matter told Reuters, marking…
Bank Muscat net profit surge by 9.3 per cent in 2013
The net profit for Bank Muscat surged by 9.3 per cent to 152.2 million rials (Dh1.4 billion) in 2013 against…
Qatar Holding deal maker Fakhroo leaves for govt-linked role
A key mergers and acquisitions executive at Qatar Holding, instrumental in some of the fund's most high-profile deals in recent…
Qatar's Masraf Al Rayan says buys Islamic Bank of Britain
Masraf Al Rayan, Qatar's largest sharia-compliant bank by market value, said on Thursday it had completed its acquisition of Islamic…
Abu Dhabi Bank Tries To Revive $40M Credit Suisse Row
Abu Dhabi Commercial Bank PJSC urged a New York appellate court to revive its suit claiming Credit Suisse Group AG…
New members at IFRS advisory council
Three new members have been appointed to the IFRS advisory council of the International Accounting Standards Board. The new…
QNB Group records QAR9.5bn net profit for 2013
QNB Group, the region's largest lender, has recorded a strong 13.7 percent growth in its net profit to QR9.5bn for…
Saudi’s Samba Q4 profit up 15.8 percent, slightly under estimates
Samba Financial Group, Saudi Arabia’s second-largest listed bank by assets, said its fourth-quarter net profit rose 15.8 percent year-on-year coming…
Bank Hapoalim to cut 500 positions
Bank Hapoalim is drawing up a new streamlining plan, which will reportedly include the elimination of 500 positions. The plan…
Abu Dhabi wealth fund in ‘advanced talks’ to buy stake in iconic New York building
Abu Dhabi Investment Authority is in advanced negotiations to invest in New York’s renowned Time Warner Center alongside the Singapore…