Eskan in deal with BMI Bank
Bahrain's housing finance specialists Eskan Bank and the kingdom's retail and commercial banking institution BMI Bank have joined efforts to…
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Shuaa Capital may foray into wealth management arena
Dubai-based investment bank Shuaa Capital is planning to foray into wealth management market in response to the downturn its traditional…
Saudi Arabia's 12 banks post 37.5% profit rise in Q3
According to a report by Saudi Arabia's National Commercial Bank (NCB), the 12 commercial banks operating in the kingdom have…
Islamic banks got good prospects: HSBC
Recent regulatory changes in Kuwait and Qatar, retail client preferences for Shariah-compliant banking products, and stronger balance sheets and funding…
Gulf debt restructuring enters new phase
Debt restructuring in the Gulf may be entering a more difficult phase as banks become reluctant to extend maturities further.…
UAE lenders in a stronger position to face a global crisis
UAE banks are now in a stronger position than in 2008 to withstand another global downturn that could stem from…
UAE's business ranking improves
The UAE improved its global ranking by two to reach 33 this year in the World Bank's annual Doing Business…
Qatar banks beat estimates
UAE banks rallied as Qatar's banking sector blew past earnings estimates and the big UAE banks prepared to report next…
BankMuscat’s Singapore office opens doors for trade
BankMuscat, the leading financial services provider in the Sultanate, has marked its foray into Southeast Asia with a representative office…
UAE loses a quarter of its millionaires in one year
The number of UAE’s high net worth individuals (those with $1 million or more in financial assets) declined by 24.8…
UAE loses a quarter of its millionaires in one year
The number of UAE’s high net worth individuals (those with $1 million or more in financial assets) declined by 24.8…
Islamic banks need 'shake up'
Islamic banks must do more than merely rely on the Muslim faith of potential customers if they are to secure…