Trade among Islamic states to grow 20%
The International Islamic Trade Finance Corporation (ITFC), an affiliate of the IDB Group, is making intense efforts to increase trade…
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Halal and Islamic finance markets will converge, says Al Islami CEO
Islamic stock exchange for both Islamic financial services and halal FMCG companies is a logical outcome– Saleh Lootah at the…
Saudi Arabia: Leaked cable reveals how royals get rich
A secret cable sent from the US Embassy in Riyadh, Saudi Arabia, in 1996, released by WikiLeaks, provides an in-depth…
Barclays stake was 'wrong decision', says Al Habtoor
The chairman of Dubai’s Habtoor Group, which bought into British lender Barclays in 2008, has said he would never invest…
UAE has largest Arab banking system
The UAE maintained its position as having the largest banking sector in the Arab world for the third consecutive year…
Retail asset management industry in nascent state
Despite growing capital pools and rising wealth of expatriates, the region's retail asset management industry remains very nascent. Experts at…
Banking sources: Egypt to extend tenure of central bank chief
Egypt’s ruling Supreme Council of the Armed Forces (SCAF) is leaning toward extending the tenure of Central Bank of Egypt…
Analysis: Qatar unlikely to be white knight for Europe banks
Hopes may be disappointed for an influx of money from Qatar and other rich Gulf states into battered European banks,…
IBQ to increase compensation packages for Qataris
IBQ announced today that compensation packages for its Qataris staff will be increased in line with the Government's recent decision…
Top Swiss bank rolls out expansion in the Middle East
Lombard Odier, one of the oldest and largest Swiss banks is set to expand in the region with the opening…
UAE banks fail on customer service
Ethos Consultancy has revealed the findings of its 7th Annual Bank Benchmarking Index for service excellence. This year's study…
Bank Audi seeks to expand into Turkey
Lebanon’s Bank Audi is seeking to expand its operations into Turkey’s lucrative banking sector. Pending final approval, Lebanon’s biggest bank…