Amwal Invest Sues Ernst & Young For Hiding Financial Troubles
Amwal Invest is suing international accounting firm Ernst & Young (E&Y) over allegations it covered up financial irregularities by a…
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Path Solutions Announces the Recertification of iMAL by a Leading Sharia Supervisory Body
Path Solutions has announced that it is in the process of recertifying its multi-award winning Islamic core banking system -…
First Gulf Bank Plans More Hiring in Investment Bank Transition
First Gulf Bank PJSC, the Abu Dhabi-based lender which this week recruited former Standard Chartered banker Steve Perry, is planning…
Egyptian banks register profits despite economic uncertainties
Following the release of financial reports for the first half of the year, a number of banks have recorded consistent…
Dr Bernd Van Linder, Managing Director at Saudi Hollandi Bank, on the Saudi banking system’s reactions to Basel III
Saudi Hollandi Bank, the first operating bank in the Kingdom of Saudi Arabia, was founded in 1926 under the name…
NY regulator probes European banks over Turkish family
It was the latest move by New York banking Superintendent Benjamin Lawsky to clamp down on questionable practices by foreign…
United Arab Bank appoints Head of Retail Banking
United Arab Bank have announced that it has appointed Tony Graham as Head of Retail Banking, with immediate effect. …
Saudi And Singapore Banks Poised To Leap Over Western Firms
Asian and Mideast banks are poised to take a leadership role in commerce because they are developing innovative services unhindered…
Private Banking Special: Mashreq Bullish On Middle East
Strong fundamentals and attractive valuations are driving the Middle East market, says Ayman Abuhabsa, head of Private Banking at Mashreq.…
Barclays decides to sell UAE retail bank after review
Barclays Plc has decided to sell its retail banking operations in the United Arab Emirates after conducting a review of…
Ex-Merrill Lynch banker sets up boutique consultancy in Dubai
Ziad Awad, a veteran investment banker with nearly 20 years of experience at Merrill Lynch and Goldman Sachs Inc, is…
AAOIFI Certification Program for Islamic Banking and Finance Information Systems Withdrawal of Certification for Path Solutions
AAOIFI have announced that the AAOIFI certification granted to Islamic banking and finance information systems offered by Path Solutions…