First Gulf Bank completes acquisition of Dubai First
Abu Dhabi’s First Gulf Bank has completed the formalities of its acquisition of Dubai First. This, the bank said in…
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Ajman Bank third quarter net profit drops by 45.6%
Ajman Bank’s net profit for the 2013 third quarter ending September 30 declined by 45.63 per cent to Dh13.7 million…
QNB Group receives two prestigious awards
QNB Group, the World's strongest bank, has secured two prestigious recognitions at the Global Investor/ISF Middle East Summit and Awards…
Jersey's External Relations Minister to visit United Arab Emirates
The External Relations Minister of the State of Jersey, Senator Sir Philip Bailhache, will visit the United Arab Emirates from…
Emirates Investment Bank reports financial results for the first nine months of 2013
Emirates Investment Bank, an independent private and investment banking boutique, today announces its financial results for the first nine months…
Emirates Investment Bank nine months’ net profit up 33 per cent
Customer deposits grew 96 per cent to AED 1.57 billion against AED 803.2 million at end-December 2012. Over the…
Oman Real Estate Developer Sells Country’s 1st Sukuk
Omani real estate developer Tilal Development Co has sold the country’s first Islamic bond a 50mn rial sukuk that could…
First Global Census Shows Record of 2,170 Billionaires Worldwide
The inaugural Wealth-X and UBS Billionaire Census 2013, released today, reveals that the global billionaire population reached a record 2,170…
KPMG Creates New Global Islamic Finance Team
KPMG has created a new global Islamic finance leadership team to support the continued growth and development of the practice.…
Kuwaiti bankers say cooperation necessary for GCC integration
Kuwaiti bankers affirmed on Tuesday necessity of boosting cooperation among Gulf banking sectors to serve the aspired GCC unity and…
UAE waters down bank exposure rules
The central bank of the UAE has eased planned curbs on commercial banks' exposure to state-linked debt, giving them five…
ABC Islamic Bank profit up 34pc
Arab Banking Corporation said its Islamic unit has registered a 34 per cent jump in its net profit for the…