NBAD appoints Head of Commercial Banking – Gulf
The National Bank of Abu Dhabi (NBAD) has appointed Nilanjan Ray as the Head of Commercial Banking - Gulf. …
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Islamic Banking Expansion to Help Omani Banks Boost Revenues
Muscat Expansion into Islamic banking has the potential to strengthen the franchises of Omani banks and aid in diversifying revenue…
Limitless Signs Sharjah Isalamic Bank at The Galleries Bankung Hub
Limitless has signed Sharjah Islamic Bank at The Galleries, bringing the total number of banks at Dubai's newest business community…
Emirates Mulls Sukuk for $4.5 Billion in Planes: Islamic Finance
Emirates, the world’s biggest airline by international passenger traffic, is considering the sale of Islamic bonds as it seeks to…
Saudi bank lending, M3 growth edge up in July
Saudi Arabia's M3 money supply growth accelerated to 15.0 percent year-on-year at the end of July from 14.0 percent in…
Dubai court dismisses Kuwaiti Sheikh's $21 million claim against UBS
A Dubai court has dismissed a Kuwaiti sheikh's $21.4 million claim against UBS AG in which he alleged the Swiss…
U.S. Dismisses Thousands of Claims Against Arab Bank
Jordan’s largest lender, the Arab Bank, announced this week that a New York federal court dismissed more than 90 percent…
Baker & McKenzie plans expansion into DIFC
Baker & McKenzie’s newly-expanded United Arab Emirates offering is eyeing up expansion into the Dubai International Financial Centre. The…
Saudi British Bank plans capital-boosting sukuk sale – sources
Saudi British Bank, an affiliate of HSBC Holdings, is aiming to sell an Islamic bond by year-end to strengthen its…
Venture Capital Bank posts 18-month profit of $21.1 million
Bahrain-based regional Islamic investment bank, Venture Capital Bank reported a net profit of $21.1 million from total revenue of $43.9…
Saudi lender SABB eyes capital-boosting Islamic bond issue – sources
Saudi British Bank, an affiliate of HSBC Holdings, is aiming to sell a Tier 2 capital-boosting Islamic bond, or sukuk,…
AUB named top asset management bank in region
For its survey, FTSE Global Markets interviewed over 100 Asset Managers across the Middle East and North Africa on a…