Islamic finance to be probed
There is no doubt that Islamic finance is maturing into a global phenomenon with increasing appetite for Islamic instruments and…
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Asian gains to boost Gulf sentiment
Heavyweight lender Qatar National Bank is expected to report a rise in quarterly net profit on Wednesday, while investors in…
UAE overhauls Etisalat board after profit slump
The United Arab Emirates overhauled the board of No.1 telecoms operator Etisalat on Tuesday after a persistent profit slump hit…
Saudi Approves Mortgage Law
Saudi Arabia has approved a draft law allowing mortgages to be sold in the Kingdom, the state news agency said…
BankMuscat makes new appointments in Kuwait branch
BankMuscat, the flagship financial institution in the Sultanate of Oman, has appointed Osamah al Abdullatif as Chief Executive Officer (CEO)…
UAE credit expansion, deposits up
UAE banks sanctioned slightly more loans and advances to credit-hungry customers in the first five months of the year, while…
Who do expats in the United Arab Emirates think will win Euro 2012?
While are some people who may be surprised to learn that there were a significant number of votes from expats…
Harrods owner plans luxury hotel chain
The Qatari owner of Harrods plans to take the department store brand global by building upmarket hotels bearing its name…
HSBC Holdings is the only UK bank remaining in the global top-ten for tier-1 capital strength
UK banks continue to lose ground in terms of international strength and stature. Against a backcloth of surging competition from…
GCC banks’ credit seen surging to $766b in 2012
Bank lending in the GCC is set to stabilise further in 2012, with credit growth forecasted at 10 per cent…
Fitch affirms Turkey's large private banks
Fitch Ratings has affirmed the Long-term foreign currency Issuer Default Ratings (IDRs) of Turkey's four largest privately-owned banks - Turkiye…
Abu Dhabi firms to tap bond market in H2
HSBC Holdings, the top arranger of debt issues in the Middle East so far this year, said it expects a…