Khaleeji Commercial Bank welcomes Liechtenstein royal
During the visit to KHCB, H.S.H. Prince Philipp was given a tour of the Bank's modern facilities; visiting the Bank's…
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Opportunities and challenges in the Middle East takaful industry
Takaful, the Shariah-compliant form of insurance, holds tremendous potential but continues to be challenged by multiple factors such as a…
UAE among top 10 countries by proportion of millionaire households
Private financial wealth in Middle East and Africa grew by 4.7 per cent in 2011, according to a new…
Dubai’s Noor Islamic Bank Seeks Business in Singapore, Malaysia
Noor Islamic Bank, a lender controlled by Dubai’s government, said it’s seeking business in Singapore and Malaysia as it aims…
Liechtenstein-based private bank builds Dubai presence
LGT Group, the Liechtenstein-based private bank, is setting up its operations in Dubai, three sources familiar with the matter said,…
New central bank facility may lure Gulf banks
Malaysia's central bank is introducing an Islamic overnight funding facility which could encourage commercial banks from the Gulf to trade…
Abu Dhabi businesses turn to sukuk
With investor demand for Islamic bonds growing, Abu Dhabi-based businesses are increasingly turning to the sukuk market to finance their…
Zawya takaful roundtable report highlights key issues in Islamic insurance market
According to a new report released by Zawya today, Takaful, the Shariah-compliant form of insurance, holds tremendous potential but continues…
RPT/Kuwait's Global to get bond repayment delay approval – sources
Kuwait's Global Investment House is expected to receive approval on Thursday to delay the repayment of bonds worth 95 million…
Qatar lenders’ reliance on foreign banks hits record
Qatar banks’ reliance on foreign lenders has risen to a record this year as their funding is stretched by the…
Qatar’s banking sector top performer in GCC by far
The Qatar banking sector witnessed a robust 68% year-on-year growth in their profits in the first quarter (Q1) of this…
Dubai JAFZA to raise $1.85 bln for redemption-source
Dubai's Jebel Ali Free Zone plans to raise $1.85 billion towards the redemption of its $2-billion Islamic bond this year…