SAGE SA leads the way in asset management for UAE banks
Pioneering financial software company, SAGE SA, launched version 2.0 of the company's flagship product, Prospero, during this year's MEFTEC exhibition…
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UAE criminalizes bounced cheques
Issuing a cheque to a beneficiary when there are insufficient funds to clear that cheque is an offence when this…
Citi opens its Mena wealth management centre in Qatar
Citibank has launched its new wealth management service centre in Qatar, which will address the growing needs of affluent clients…
BankDhofar signs with Path Solutions for Islamic banking system
BankDhofar recently named Path Solutions as its Core Banking System provider for its Islamic operations. This system, entitled iMAL, is…
Northern Trust appoints new Middle East head
Northern Trust has appointed Sheldon Woldt to the newly created role of head of the Middle East, responsible for…
Capinnova announces first quarter results
Capinnova Investment Bank has announced that the bank has reported a net profit of $743 thousands for the period ended…
Banque Saudi Fransi plans to issue 5-year sukuk
Banque Saudi Fransi (BSF) plans to issue a five-year benchmark-sized Islamic bond, or sukuk, arranging banks said, after the lender…
Saudi- Islamic economics growing in strength: NCB CEO
With an estimated $1.2 trillion in assets in 2012, Islamic banks have now developed in size and capability to such…
Qatar sukuk sale driven by yields, economic growth
Qatar and Dubai Islamic Bank are planning to tap the Islamic bond market as a scarcity of Shariah-compliant securities and…
Rise in Dubai property deals with banks aiding clients offload units
In a sign of a maturing market, banks have now started assisting their mortgage clients offload multiple properties in the…
UAE banks’ Q1 profits down 3.7pc
The combined profits of national banks in the UAE fell by around 3.7 per cent in the first quarter of…
Barclays targets MENA for growth
Barclays, Britain’s second-biggest bank, is seeking to boost revenue from the Middle East and North Africa (Mena) by as much…