Dubai Islamic Bank Group first half 2013 net profit up by 25% to Dhs739m
Dubai Islamic Bank Group today announced its financial results for the first half of 2013, demonstrating a strong performance…
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New reports review jurisdictions’ information exchange – OECD
The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax…
GIB's net income rises 4.5pc to $60.6 million
Bahrain-based Gulf International Bank yesterday reported consolidated net income after tax of $60.6 million for the first half of…
Moody's says GCC Governments' Sizeable Sovereign Wealth Funds Will Support Rating Resiliency
The considerable assets contained in the sovereign wealth funds of the countries composing the Gulf Cooperation Council support the…
MasterCard profits advances as revenue grows, led by emerging markets
Mastercard, the payments processing company, reported a 19 percent increase in its second-quarter profit as more people worldwide used…
New Bank of Israel governor announced
Professor Leo Leiderman, the chief economist at Israel’s Bank Hapoalim, will become the next governor of the Bank of Israel.…
NBAD launches €1bn French CD program
The National Bank of Abu Dhabi-Paris has launched a EUR1bn French Certificate of Deposit program which offers greater diversification…
IMF warns Dubai of surging property prices
The International Monetary Fund warned Dubai on Tuesday that the emirate might need to intervene in its property market…
Dubai's Abraaj Group sells stake in Ghana's HFC Bank
Dubai private equity firm Abraaj Group sold its stake in Ghana's HFC Bank to independent Caribbean bank Republic Bank…
Noor Islamic Bank CEO calls for global Islamic regulator
Standardisation of the regulations governing Islamic finance is a must to ensure the globalisation of Islamic finance, according to…
HSBC and Zurich Insurance launch new wealth product in Middle East
As part of a 10-year exclusive partnership agreement, HSBC and Zurich have announced a new wealth product offering available only…
ABC Islamic Bank Announces 49% Increase in 2013 Half-Year Profit to US$6 Million
ABC Islamic Bank today announced that its net profit for the first half of 2013 was US$6 million, 49% higher…