TID Sukuk removed from Nasdaq Dubai trading
Nasdaq Dubai yesterday announced the removal of TID Global Sukuk 1 Limited from admission to trading. The exchange said in…
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NBK Bahrain reports net profits of $70m
Kingdom of Bahrain, a branch of NBK Group, reported net profits of $70m (BD26.244m) in 2011 compared with $65m (BD24.506m)…
Abu Dhabi Financial Services receives award for business reporting
Abu Dhabi Financial Services (ADFS) has been awarded for its leading role in implementing a system to increase transparency. ADFS,…
CBO to discuss possible merger of OIB and HSBC
The Central Bank of Oman will discuss the possible merger of Oman International Bank (OIB) and HSBC Bank Middle East's…
DIB unit in Oman Shariah consultancy deal
Dubai Islamic Bank’s (DIB) said its Sharia consultancy and advisory unit, Dar Al Sharia Legal & Financial Consultancy, has reached…
NCB inks new global strategic alliance
NCB Capital, a wealth manager and the Kingdom’s largest asset manager, has announced a global strategic alliance with the Trust…
MF Global’s CEO ordered funds moved to JPMorgan
MF Global Holding Ltd chief executive officer Jon Corzine gave “direct instructions” to transfer US$200 million from a customer fund…
Dubai says new licensing rules in place by end-2012
Dubai officials said on Saturday it will implement a new company licence initiative by the end of 2012 aimed at…
Abu Dhabi, Doha up salary offers to rival Dubai
Employers in Abu Dhabi and Qatar offer as much as 30 percent more money than their counterparts in Dubai to…
"No worries” over $1bn sukuk repayment – Dar Al Arkan chairman
The chairman of Saudi Arabia’s biggest listed developer, Dar Al Arkan, has said that he is “extremely confident” that the…
Microsoft Reinvents its Cloud Strategy
The trend in cloud computing has evolved to include highly dynamic and complex online applications, eBanking on the hybrid cloud…
UBS names MENA Investment Banking head
UBS has named Matthew Odgers as head of itsMiddle East, North Africa (MENA) investment banking department, a source familiar with…