First Capital of Switzerland, UAE Best Bank
First Capital of Switzerland Investment Bank (FCSIB) has been recognized as the “Best Investment Bank in the UAE” for 2012…
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Islamic finance industry is fastest growing sector
Islamic finance industry will continue to grow much faster than conventional banking in the Middle East and also increase its…
Dr. Nasser Saidi stepping down from DIFC
Dr. Nasser Saidi is leaving the Dubai International Financial Centre Authority. He had been Chief Economist at the DIFC since…
Kuwait cbank issues new guidelines on banks governance
“Within the effort aimed at keeping up with the latest in international banking supervisory criteria meant to bolster governance criteria…
HSBC launches new product for Kuwait firms
HSBC said it has launched a highly-advanced internet banking proposition, HSBC Connect to automate transactions for the large and mid-…
Glencore to meet with Qatari wealth fund as Xstrata merger hangs in balance
In a shock announcement last night, Qatar Holdings, Xstrata’s second-biggest shareholder with 10.4pc, said that, while it saw “merit in…
Barwa Bank plans sukuk issuance by 2013
Qatar’s Barwa Bank plans to issue a sukuk by 2013 and is eyeing a share listing over the longer term,…
Successful Launch of the Bahrain International 10-year USD Bond Issue
The Central Bank of Bahrain (CBB) announces the successful launch of the latest development bond issuance of the Government of…
Emirates Islamic Bank offers home finance in Manazil Towers in Sharjah
Emirates Islamic Bank’s package for Manazil Towers features up to 85 per cent finance in variable rate options starting from…
UAE banks violating blank cheque regulations
Some UAE banks are flagrantly violating rules that prohibit them from taking blank cheques from customers who apply for personal…
Bank of Bahrain and Kuwait Conducts Crisis Management Exercise
Bahrain's pioneer in Retail and Commercial Banking, the Bank of Bahrain and Kuwait, conducted its third Crisis Management Simulation Exercise…
Investcorp signs $504 mln debt refinancing deal – sources
Bahrain-based investment company Investcorp has signed up to a $504 million-equivalent loan aimed at refinancing debt due in 2013, with…