Turkey to allow deeper use of sukuk
Turkey is working on new regulations to allow wider use of Islamic bonds, a closely watched move which could see…
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Scepticism over US$6bn Qatari IPO
The Qatar Investment Authority, the Gulf country’s sovereign wealth fund, is planning an IPO of a new US$12bn investment fund…
Kaloti to build Middle East's biggest gold refinery and mint in Dubai
Kaloti Jewellery Group is to build the biggest gold refinery and mint in the Middle East on a site close…
NBK opens a new branch in Abu Dhabi
National Bank of Kuwait announced the opening of its new branch in Abu Dhabi, the second in the United Arab…
Morgan Stanley names veteran banker as Mena head
Morgan Stanley named veteran banker Sammy Kayello as the chief executive and chairman of its business in the Mena replacing…
Abu Dhabi conglomerate's CFO resigns amid debt talks
The chief financial officer of Abu Dhabi conglomerate Al Jaber Group, which is in the midst of a $4.5 billion…
Abu Dhabi fund Mubadala swings to 2012 profit on lower impairments
Mubadala, the Abu Dhabi investment fund with a mandate to boost the emirate's local economy, swung to a net profit…
With USD45bn in assets, super rich are key investor base
Qatar has some 12 billionaires responsible for $17bn in assets even as the country's ultra-high net worth community is Mena's…
Denizbank to buy Citibank consumer business in Turkey
Turkey's Denizbank , acquired last year by Russia's Sberbank, said on Thursday it had signed an agreement to buy Citibank's…
Coutts continues to ramp up Middle East presence with MD hire
Coutts has reinforced its continued expansion in the Middle East with the appointment of Michael Dismorr as a Managing Director,…
Alizz islamic bank appoints new member to board
Alizz islamic bank has announced that Malcolm Mckinnon, Deputy General Counsel of Abu Dhabi's International Petroleum Investment Company, has been…
Saudi British Bank Q1 net profit rises 11% to SR 948 m
The Saudi British Bank said it recorded a net profit of SR 948 million for the quarter ended March 31…