IBQ, NBK launch new property finance solution
IBQ and National Bank of Kuwait (NBK) today launched a joint property finance solution that will allow customers to own…
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Major Mideast bank scoops industry accolades
Emirates NBD, a leading bank in the Middle East, announced that it has won the 2011 Global Award for “Brand…
Top UAE bank's Islamic fund nets over $10mm
Top UAE bank Emirates NBD said the Islamic money market fund of its asset management unit has attracted more than…
Gulf Banks Face ‘Skills Shortage’ Amid Growing Demand for Financial Services
Demand for skilled banking staff is outstripping supply in the Gulf region at a time when the Western banking industry…
Saudi bank cites 'financial risks' in sale of Syrian bank
Banque Saudi Fransi, a Saudi lender part-owned by Credit Agricole SA, will sell its 27 per cent stake in Bemo…
Wealth manager eyes organic growth in pension funds sector
Qatar’s private sector is all set to get a facelift in the labour market with three companies, in association with…
Threats seen to Dubai World unit $2.2 billion debt deal
A potential $2.2 billion debt restructuring for Drydocks World, the shipbuilding arm of indebted Dubai World DBWLD.UL, is seen facing…
Five Islamic Banks From Gulf to Invest in Turkey
Five Islamic banks, each with equity capital of less than $500 million, will invest in Turkey in the next two…
Union of Arab Banks calls on regulators to address micro-finance
Adnan Yousif, Chairman of the Union of Arab Banks called on governments to address the needs of the SME sector,…
Mideast starts to feel the financial pinch
A rising tide of debt reaching maturity in the Gulf region poses a heightened refinancing challenge over the next three…
More banks aim to join world’s first Sharia-compliant interbank benchmark
The recently launched Islamic Interbank Benchmark Rate (IIBR) aimed at raising the quality of the Islamic capital profile has some…
Gulf wealth seeks haven from euro debt crisis
Wealthy Gulf savers are fleeing euro-denominated investments as the European sovereign debt crisis deepens, bankers say. Gulf investors are increasingly…