QNB Hires Barclays, Citigroup, HSBC for Possible Bond Sale
Qatar National Bank SAQ, which is bidding to buy Dexia SA’s Turkish unit Denizbank AS, hired banks to arrange meetings…
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HSBC completes the first government guaranteed Sukuk in Saudi Arabia
HSBC announced that it has completed the first ever government guaranteed Sukuk in Saudi Arabia for Saudi Arabia's General Authority…
Arab Banking Corp 2011 net profit soars 43pc
Bahrain-based Arab Banking Corporation (ABC) has registered a consolidated group net profit of $204 million for 2011, 43 per cent higher than…
Politics of envy is taking over the bonus debate – CISI
Rewarding people for doing a good job is part of running a successful and competitive business and every firm needs…
Clifford Chance advises on $5bn of new sukuk issuances in January 2012
The Dubai office of Clifford Chance LLP has advised Emirates Islamic Bank P.J.S.C. (EIB) and Emirates NBD P.J.S.C. (ENBD) on…
Bahraini Saudi Bank, Al Salam Bank launch 'Tayseer' Shari'a compliance product
The Bahraini Saudi Bank and Al Salam Bank-Bahrain have started the New Year with the launch of 'Tayseer' promotional media…
UNB net profit rises 11% to Dh1.5b in 2011
Union National Bank (UNB) yesterday reported a full-year net profit of Dh1.5 billion, up 11 per cent compared to Dh1.35…
First Shariah-compliant hedge fund launched for retail investors
Dubai Shariah Asset Management’s flagship Kauthar Gold Fund, thought to be the world’s only Shariah-compliant equity gold hedge fund, has opened to…
ITS Group Recognized for Innovative, Cutting-Edge Islamic Banking Solutions at OIEF
ITS (International Turnkey Systems Group) won yet another regional award for its innovative, cutting-edge banking and finance technology solutions. ITS…
Major Bahraini lender launch the latest Shari'a compliance product for personal finance
The Bahraini Saudi Bank and Al Salam Bank-Bahrain have started the New Year with the launch of " Tayseer "…
Emirates NBD Deputy CEO said to leave
Emirates NBD's deputy chief executive officer Abdul Wahed Al Fahim is leaving the United Arab Emirates biggest bank as part…
London banker held in Cairo over alleged link to deadly riots
The chief executive of London-listed Arab investment bank EFG-Hermes has been prevented from leaving Egypt after he tried to fly…