takaful profit rises
Takaful International achieved significant growth in its total insurance contributions, which were up five per cent over 2010. Insurance contributions…
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UGB announces net profit of US$ 1.5 million for 2011
UGB's net profit of US$ 1.5 million for 2011 (for the12 months ended 31 December, 2011) was a fall of…
Sovereign wealth funds off to slow M&A start in 2012
Sovereign wealth funds are shying away from making large mergers and acquisitions, at least in public, with announced activity volumes…
BBVA to open Representative Office in the Middle East
BBVA has obtained authorization from the Central Bank of UAE to open a Representative Office in Abu Dhabi to provide…
Expat finances 'dramatically' better
The UAE expats believe that their quality of life and financial position have improved substantially, according to the latest survey.…
US targets Dubai bank over Iran curbs
The US Treasury Department has disrupted a Dubai-based banking operation that the United States believes was Iran's main conduit for…
The dynamism of Islamic banking
THE process of Islamisation of economic system appears to be gaining momentum over time as many international conventional banks have…
Money flows into Saudi real estate bonds
A flood of money into the bonds of Saudi Arabian property developer Dar Al Arkan is due to renewed confidence…
Qatar makes a play for top financial centre
Regulatory changes to the fund regime in the UAE could drive asset managers to seek more cost effective financial hubs…
StanChart named best foreign bank
Standard Chartered has been named the ‘Best Foreign Bank in Oman’ by Emeafinance. The award was presented at the ‘Emeafinance…
HSBC private bank scaling down in MidEast
HSBC, Europe's biggest lender, is significantly scaling down its private banking operations in the Middle East, two sources told Reuters,…
Jafza hires Citi to advise on $2bn bond options
Dubai's Jebel Ali Free Zone (Jafza) has hired Citigroup to advise on options for meeting a $2 billion Islamic bond…