Egypt sees tougher banking regulation by April
Egyptian banks will have to hold a higher level of capital to protect their riskier assets after a change in…
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Banks rise as bourses fall
Banks were the big winners on UAE bourses yesterday at the end of a roller-coaster week for property stocks, as…
Capivest acquires 9% of Naseej
Bahrain-based Capivest, an Islamic Investment Bank established in 1981, announced the successful conclusion of a $30m plus deal with Cemena…
Agency to Cut Off Iranian Banks From World Payment System
The world's largest electronic payment system says it will cut off Iranian banks blacklisted by the European Union, another step…
Appetite for funds of hedge funds growing in the Middle East
Middle Eastern investors are increasingly looking to make fund of hedge fund investments, according to Francisco Arcilla, head of funds…
NBD Islamic finance portfolio grows 24 per cent in 2011
Nevine Loutfy, Managing Director and CEO of NBD, said, "Throughout the past year the bank achieved solid growth in order…
UAE has richest wealth fund
With assets worth $627 billion, the UAE’s Abu Dhabi Investment Authority (Adia) leads the world’s richest Sovereign Wealth Funds (SWFs),…
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 1.61% in February
The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 1.61% for the month of February. Performance…
BNP Paribas 'not moving regional HQ'
BNP Paribas is not moving its regional headquarters from Bahrain, its Middle East head Jean-Christophe Durand said. The bank is…
Al Baraka Islamic Bank net income hits $2.5m
Al Baraka Islamic Bank saw net income reach BD978,000 ($2.5m) in 2011 compared to BD1.75 million in 2010. This drop…
Qatari banks to record double digit profit growth
Qatari banks performed well in 2011 and are projected to record double-digit growth in their net profits this year due…
Qatar Wealth Fund Buys 2% of France's Total
Qatar's sovereign wealth fund recently accumulated a 2 per cent stake in France's major oil company Total SA. The oil-rich…