Bahrain pushes Islamic bank mergers to boost capital
Bahrain’s central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks’…
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Arab Banking Corporation Joins Bahrain Financial Exchange as Trading Member
The Bahrain Financial Exchange has announced that The Arab Banking Corporation has become a Trading Member of the BFX. ABC…
Helping customers secure finance
Last month's Dubai Airshow resulted in 211 orders worth $20.5 billion (Dh75.3 billion) for French plane manufacturer Airbus. The news…
Dhaka mutual fund road show starts
The Bangladeshi government has launched a road show in the UAE to promote the Bangladesh Fund, a 50 billion Bangladeshi…
Qatar Holding sets up $1bn subsidiary in Indonesia
Qatar’s sovereign wealth fund said yesterday it had established a $1bn subsidiary in Indonesia to invest mainly in the country’s…
Arab world ‘must manage risks of transition well in a critical period'
The Middle East is moving into one of the most difficult periods in its history and it needs to manage…
BMI Bank signs key agreement with firm
BMI Bank yesterday signed a strategic agreement with leading regional insurer Medgulf Allianz Takaful. Medgulf Allianz Takaful is a newly…
Abu Dhabi Sovereign Fund Adds Former Merrill Alternative CEO
The Abu Dhabi Investment Authority (ADIA) has appointed Benjamin C. Weston as Global Head of Alternative Investments. Weston will be…
Dubai tribunal blocks Nakheel bid to challenge rulings
A Dubai tribunal has overruled a legal bid from Nakheel challenging the court’s jurisdiction to rule on cases linked to…
UAE well placed to withstand global slowdown
The UAE's economy and the banking system are well positioned to withstand any global economic downturn resulting from Europe's debt…
Top bank steps up Emiratisation efforts
First Gulf Bank PJSC, (FGB), the leading financial partner of choice in the UAE, is pioneering an initiative to enhance…
No fix for Gulf loan market as Europeans exit
As European banks withdraw from the Gulf loan market, they are leaving a gap which other banks are unlikely to…