Deutsche Bank`s Middle East Foundation partners with Synergos
The Arab World Social Innovators programme aims to increase the scale and sustainability of successful initiatives that bring social and…
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New awards to honour Asian business leaders
For the first time in Bahrain, the Asian business community will be recognized and honoured for its role in the…
Emirates NBD profit bounces back on lower provisions
Emirates NBD, the leading bank in the region, announced its results for the nine months ended 30 September 2012. Results…
Rakbank Q3 net profit jumps 14.5pc
UAE-based National Bank of Ras Al-Khaimah (Rakbank) said it has registered a net profit of Dh1.04 billion ($283 million) for…
Bahrain's Ithmaar Bank gets nod for merger
The announcement, which follows the approval of the shareholders of both banks during separate Extraordinary General Meetings, is subject to…
GFH faces scrutiny over Shari’ah compliance of Leeds United bid
GFH is facing criticism from the Islamic finance community over its proposed takeover of Leeds United Football Club, because the…
Prince Alwaleed Praises Pandit for Citigroup Crisis Handling
Saudi billionaire Prince Alwaleed bin Talal praised Vikram Pandit for his handling of the financial crisis while chief executive…
KPMG named ‘Most outstanding Islamic advisory firm’
KPMG was recognized as the “Most outstanding Islamic Finance Advisory firm” by the prestigious International Islamic Forum held in Kuala…
Dubai Bank to be rebranded by November-end
It’s official: By end of November, Dubai Bank will be rebranded as Emirates Islamic Bank (EIB). Following the transition, EIB…
Qatar Financial Centre enacts new single family office regulations
The Qatar Financial Centre Authority 'QFC Authority' has announced today that important new Regulations have been issued governing special purpose…
Number of wealthy in SA up 31%, says report
DESPITE economic uncertainty, the number of wealthy people in South Africa is rising by as much as 31%, with a…
UAE's First Gulf Bank Q3 net profit rises 15 pct
First Gulf Bank , the second-largest lender by market value in the United Arab Emirates, posted a 15-percent rise in…