NRG to start $500m Shariah fund for women in Middle East
UK-based Gujarati businessman, Deepak Kuntawala, is establishing a Shariah-compliant investment fund targeted at women in the Middle East. Kuntawala's DVK,…
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UAE 'has what it takes' to be Islamic finance hub
The UAE has what it takes to become a hub for Islamic finance, according to Sheikh Mohammed bin Rashid Al…
ADIB profit rises 5% to Dh1.2 billion
Profits at Abu Dhabi Islamic Bank topped Dh1.2 billion (US$207.9 million) last year as it targeted growing its expatriate customer…
Gulf's mixed takaful rules hurting margins
Inconsistent regulation across the Gulf's takaful industry is hurting profit margins and credit ratings, while leaving the door open to…
Kuwait International Bank net profit up 22pc
Kuwait International Bank, one of the leading Islamic banks in the country, has registered a net profit of KD13.2 million…
Credit Agricole Egypt reports full year net profits up 54 per cent
Net interest income for FY2012 in line with our forecast. Net interest income for FY2012 increased 17 per cent and…
NCB Capital wins top honors
NCB Capital, the GCC’s leading wealth manager and the Kingdom’s largest asset manager, won two of the most coveted categories…
Falcon Private Bank extends sponsorship agreement with Scuderia Toro Rosso
Falcon Private Bank has been official partner of Scuderia Toro Rosso since May 2011. The Bank's partnership with the racing…
Dubai's biggest bank Emirates NBD introduces yuan accounts
The accounts will help smaller China-affiliated firms trade with the United Arab Emirates and cut their currency risks, the bank…
Emirates NBD Asset Management named 'UAE Asset Manager of the Year'
Emirates NBD Asset Management has announced that it received the award for 'UAE Asset Manager of the Year' at the…
HSBC enhances its mobile banking offering
HSBC has enhanced its mobile banking offering in its continued commitment to helping businesses streamline their banking needs. The new…
National Bank of Abu Dhabi rewires banking system
The National Bank of Abu Dhabi is strengthening the resilience of its internal technology as it seeks to embrace mobile…