Sulaiman Al-Rajhi’s life a rags to riches story
Saudi Arabia’s rags-to-riches billionaire Sulaiman Al-Rajhi is also a world-renowned philanthropist. He is the founder of Al-Rajhi Bank, the largest…
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BankMuscat ranked Best Bank in Oman
BankMuscat has been ranked the Best Bank in Oman by Business Today magazine. The bank scored 34 more points to…
Gulf Insurance Company tops the insurance companies in the region
The Managing Director and CEO of Gulf Insurance Company 'GIC' Mr. Khalid Al-Hassan confirmed that GIC has received an A-…
SunGard opens new office in Saudi Arabia
SunGard Financial Systems (SunGard) has opened a new office in Riyadh, Saudi Arabia, in order to serve more closely its…
Euromoney names Citi Best Investment Bank in the Middle East
Euromoney Magazine recently named Citi 'Best Investment Bank in the Middle East' for the period covering past twelve months. The…
Cross-border clout still denied to Islamic banks
Established in 2007, Dubai-based Noor Islamic Bank said it planned to become the world's largest Islamic lender within five years,…
Dubai Holding establishes Board of Directors for Dubai Properties Group
Dubai Holding, a global investment holding company, announced the establishment of Board of Directors for Dubai Properties Group (DPG), its…
JPMorgan targets more British millionaires
A drive to attract more British millionaire clients marks a first phase of plans by JPMorgan to expand its private…
Kuwait leads in private wealth booked offshore
Private financial wealth in Middle East and Africa grew by 4.7 percent in 2011, according to a new report by…
Revealed: Saudi royals' secret $1bn US empire
A secret $1bn US property empire amassed by members of the Saudi royal family is the subject of a bitter…
Sukuk industry set for 'unprecedented growth'
The global sukuk industry is witnessing unprecedented growth, complemented and triggered by diversification, an expert said. “Large pools of Muslim…
Iranian bank sues rival over fraud allegations
Iran's biggest bank said on Thursday it had taken legal action against another local lender, an Iranian news agency reported,…