Standard Chartered eyes Islamic option
Standard Chartered is in discussions with regulators to offer Islamic banking services in Oman and Nigeria, now that both countries…
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International financial conglomerate eyes hundreds of ME job cuts
Hundreds of employees at Citigroup in the Middle East could face redundancy in the coming weeks as the firm begins…
Russia scraps tax for UAE wealth funds, firms
Investment organisations and sovereign wealth funds from the United Arab Emirates will be exempt from taxation in Russia under an…
The Banker names Samba "Bank of the Year in Saudi Arabia in 2011"
It has been announced in London, the capital of England, that Samba Financial Group has been voted "Bank of the…
BankMuscat wins Bank of the Year award for 9th time
BankMuscat has notched another distinction, winning for the ninth time the ‘Bank of the Year – Oman 2011’ award by…
Oman stress-tests banks for euro crisis impact
Oman has started implementing stress tests in its banking sector to limit the impact of the euro zone crisis and…
IFAAS launches first independent study of Oman's nascent Islamic finance sector
IFAAS (Islamic Finance Advisory & Assurance Services) (www.ifaas.com), the international Islamic finance consultancy, has announced the impending launch of its…
Sharia investing leans to West
To some observers of Islamic equity investing, Islamic or Sharia-compliant equity indexes seem to imply investing in publicly-listed companies in…
Huge proportion of expatriate wealth is not staying in region
Countries in the Middle East such as the UAE, Saudi Arabia and Qatar are considered among the leading wealth hot…
Zurich’s deVere plans to tap Middle East
DeVere Group, the Zurich-based indepedent financial consultancy, plans to open three offices in the Middle East by the first quarter…
Dubai's DIG appoints firm to manage $1.1bn portfolio
Dubai Investment Group has appointed Silverpeak Real Estate Partners to provide real estate investment management services for its $1.1bn commercial…
Qatar to Allow Lenders to Manage Islamic Assets After Deadline
Qatari commercial banks may continue to manage Islamic assets beyond the year-end deadline to close their Islamic banking arms, the…