UAE represents 30% of global Islamic banking
The Shariah-compliant financial services sector in the country represented 30 per cent of the global Islamic banking industry in 2011,…
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Indian banker says Gulf region very important for Indian banking sector
India's biggest and oldest bank, the State Bank of India (SBI), recently opened two new branches in the Gulf region,…
Qatar sovereign fund to buy Credit Suisse London HQ
Qatar’s sovereign wealth fund has agreed to buy the Canary Wharf headquarters of Credit Suisse, Switzerland’s second-biggest bank, as it…
NBAD launches Cautious Income Fund
The National Bank of Abu Dhabi has announced that from 30th January 2012, its new mutual fund, the NBAD Cautious…
DIFC Courts honours GCC justice
The DIFC Courts has made its first enforcement under the Protocol on Enforcement of Judgments, Letters Regulatory and Judicial Notices…
IDB ready to fund Oman’s Islamic banking sector, public-private business ventures
Islamic Development Bank is ready to provide equity capital to Oman’s upcoming Islamic banking industry, development projects in the sultanate…
Emirates NBD investment banking CEO to leave
The chief executive of Dubai lender Emirates NBD's investment banking division is leaving the bank, three sources familiar with the…
Falcon Private Bank launches MENASA Fixed Income Fund
Falcon Private Bank has launched the Falcon MENASA Focused Fixed Income Fund for qualified investors to capture investment opportunities in…
Lebanese banks embrace the digital revolution
Technology is bringing change to the banking industry in the Arab world. The latest service in banking industry in the…
Bank Audi launches 'Novo' the ultimate new banking experience
Bank Audi announced, on Thursday, January 26, 2012, the launch of 'Novo', the first banking channel in the region that…
Commercialbank nets QR1.9bn gain
Commercialbank has reported a 15% jump year-on-year in its net profit to QR1.88bn on stronger core earnings and robust contributions…
Profits up more than sevenfold at major UAE bank
Abu Dhabi Commercial Bank reported profits for 2011 more than seven times higher than a year earlier, with provisions falling.…