Dubai Wants To Takes The Lead In Global Islamic Finance
The government of Dubai has launched a strategic plan recently in order to lift its profile as a global epicenter…
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Scope for consolidation in overcrowded Gulf banking markets
Only a few years ago Middle Eastern banks were receiving billions of dollars of support from their home governments to…
ADIB wins top customer service awards
Abu Dhabi Islamic Bank has been named the UAE’s ‘Best Overall Bank’ in customer service at the 2013 Bank Benchmark…
Citi, Qatar bank hold up Abu Dhabi firm's $4.5 bln debt talks – sources
Citigroup Inc and International Bank of Qatar are holding up negotiations to restructure $4.5 billion in debt of Abu Dhabi…
Islamic Finance Development Center to open in Istanbul
The center will collaborate with stakeholders in the areas of Islamic economics and finance, including international financial institutions, standard-setting bodies,…
Arab Spring to cost $800 billion
The Arab Spring uprisings will end up costing Middle Eastern economies about $800 billion in lost output by the end…
Dr. Fatima Al-Blooshi: Islamic microfinance should be introduced internationally
Delegates from more than 30 countries participated actively and this Forum, organised and conducted by AlHuda Centre of Islamic Banking…
EFG Hermes participates in listing BLME on NASDAQ Dubai
EFG Hermes, the leading investment bank in the Arab world, announces the technical listing of the Bank of London and…
Morgan Lewis advises FWU on Inaugural Sukuk on life insurance contracts
This represents the first time an Islamic bond structure has been deployed on a block of life insurance policy contracts.…
Islamic investment banks in Gulf eye slimmed-down future
Management changes at some of the Gulf's best-known Islamic investment banks point to a fresh start for a sector which…
Giant Kuwait fund picks ex-BAML pair for new London unit
The Kuwait Investment Authority, which was part of a consortium that bid for UK water company Severn Trent earlier this…
Bank Muscat reports 1.6 per cent fall in first nine month's profits
BankMuscat posted net profit of OMR 102.51 million for the period compared to OMR 104.19 million reported during the same…