UK-UAE trade ties strengthened through memorandum between commercial courts
Legal and trade relations between Dubai and the UK will be strengthened through a 'Memorandum of Guidance' (MoG) signed in…
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Global Wealth Managers Will Be 'Winners' in 2013 – Analyst
Wealth management is the most attractive and undervalued business for the banking universe in 2013, and global banks with wealth-management…
GFH mulls KHCB merger with kingdom's banks
Further bank mergers in Bahrain could be on the way this year with Gulf Finance House confirming it is studying…
Kuwait- Boubyan Bank Reports KD 10 Mln Net Profit In 2012
Boubyan Bank announced a net profit of KD 10 million, growing by 25% compared to year 2011 at earnings per…
Abu Dhabi Capital opens DIFC office
Abu Dhabi Capital Management, a GCC-focused alternative investment firm, opened its first office in the Dubai International Financial Centre, and…
IT Spending in Banking: A Global Perspective
Total bank IT spending across North America, Europe, and Asia-Pacific will grow to US$179.2 billion in 2013, an increase of…
HKMA promotes Mideast yuan trade
Yuan deposits in Hong Kong reached about 700 billion yuan (HK$872.5 billion) as of December 31, 2012, up 5 percent…
Abu Dhabi Capital opens DIFC office
Abu Dhabi Capital Management (ADCM), a GCC-focused alternative investment firm, today opened its first office in the Dubai International Financial…
Tamweel net profit drops 29%
Posts Dh72 million profit in 2012 due to higher provisions Tamweel , the UAE Islamic home finance provider, net profit…
Dubai to issue 10-year dollar sukuk
The Government of Dubai has picked five banks to arrange a benchmark-sized, dollar-denominated Islamic bond, or sukuk, which could price…
Abu Dhabi’s two biggest property firms merge to create firm with US$15bil in assets
Abu Dhabi's two biggest property firms, Aldar Properties and Sorouh Real Estate, have agreed on a state-backed, all-share merger that…
JP Morgan hires ex-UBS banker as global Islamic head
J P Morgan has announced the appointment of Hussein Hassan as global head of its Islamic Finance practice. Hassan will…