Al Hilal Bank signs up for new Etisalat Data Centre
Etisalat's new state-of-the-art data centre in Jebel Ali has welcomed its first customer, with leading UAE bank Al Hilal…
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IIRA reaffirms credit ratings of Bahrain Islamic Bank and assigns fiduciary score
Islamic International Rating Agency (IIRA) has reaffirmed ratings of Bahrain Islamic Bank (BIsB or 'the bank') at BBB (Triple…
Finacle Global Banking Innovation Awards Announces 2012 Winners
BAI and Infosys have bestowed the most innovative banks in the world with the prestigious 2012 BAI – Finacle…
NBK's net profit reaches $814.4 million in 9 months
National Bank of Kuwait (NBK), claimed to be the largest Kuwaiti bank and the highest-rated in the Middle East, reported…
Burgan Bank wins “Best Private Bank in Kuwait 2012”
Burgan Bank has announced that it has received the coveted "Best Private Bank in Kuwait" award by Capital Finance International,…
Banque Saudi Fransi Gets Approval for 2.5 Billion Riyal Sukuk
Banque Saudi Fransi (BSFR), partly owned by Credit Agricole SA, said it received approval from the Saudi central bank to…
Islamic Development Bank places $500m sukuk
Saudi-based Islamic Development Bank (IDB) issued a US$500m five-year Islamic bond, or sukuk, earlier this month, in a rare example…
Leading Swiss Private bank to slash 10,000 jobs
The Swiss banking giant UBS could shed 10,000 jobs in the near future, according to a report on Saturday…
Tax havens and tax hells
A new report released this week by global accountancy group KPMG reveals that Brits are among the world's most…
QIIB issues $700 million Sukuk
Qatar International Islamic Bank (QIIB) will issue a $700 million sukuk on Thursday, arranging banks said, and has revised…
Shearman & Sterling Honored at IFLR's 2012 Middle East Awards
Shearman & Sterling was a big winner at International Financial Law Review's 2012 Middle East Awards in Dubai. …
Erste Group makes Istanbul a hub
Austria’s largest bank Erste is expanding its operations in Turkey, which it views as a strategic growth opportunity. The bank,…