ABN AMRO Opens Office in Almas Tower, Dubai
The Dubai Multi Commodities Centre (DMCC) yesterday announced that ABN AMRO Bank's International Diamond and Jewellery Group (ID&JG) has opened…
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HSBC Qatar converts Islamic branches
HSBC Qatar said yesterday it has converted its Islamic branches into conventional ones as directed by Qatar Central Bank (QCB)…
Bank of Baroda opens unit at Hamriyah Free Zone
Bank of Baroda has opened its eighth electronic banking service unit, or EBSU, at Sharjah’s Hamriyah Free Zone, or HFZ,…
Luxembourg eyes huge spend from Qatar
Luxembourg expects huge investments from Qatar as well as the wider Gulf region in view of the shrinking European banking…
Oman International Bank Selects SunGard's Ambit Treasury Management,
Oman International Bank has selected SunGard's Ambit Treasury Management, Ambit ALM and Ambit Credit Risk Management solution suites to help…
Nib Bank Sides with Temenos for CORE Banking
The Swiss-based software developer and vendor, Temenos Group AG, appears to be marching undeterred towards dominating the market of the…
Al Baraka’s Turkish unit to issue $200 million Sukuk
Al Baraka Bank’s Turkish subsidiary will go ahead with a $200 million Islamic bond issue in the first quarter, after…
QFC Regulatory Authority symposium to address financial risk in the GCC
Central bankers, regulators and senior risk professionals from across the banking, insurance and asset management sectors in the region met…
First Gulf Bank reports 8 per cent growth in net profit
First Gulf Bank PJSC (FGB) said, it has posted 8 per cent growth in net profits reaching Dh3.70 billion in…
RBS Appoints Head of Hybrid Capital in London
The Royal Bank of Scotland has announce the appointment of AJ Davidson as Managing Director and Head of Hybrid Capital…
Is Islamic Finance a Failure? An Assessment
Oliver Agha, founding Partner of Agha & Co, a shari'ah-compliant law firm based in the United Arab Emirates (www.aghaandco.com), is…
BankDhofar net tumbles 58% on RO26m provision
BankDhofar’s net profit plummeted 58 per cent to RO14 million for 2011, from RO33.28 million posted in the previous year,…