CBO fast tracks second Islamic bank license
From being off the Islamic banking radar earlier this year, Oman has now approved Islamic banking licenses for two banks,…
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World Bank's Zoellick: "World Economy Is Entering A New Danger Zone"
World Bank president Robert Zoellick warned of "a new danger zone" at a conference today in Beijing, with threats including…
Islamic Finance: worth banking on?
Welcome to another typical Dubai property gain and pain story. A working couple in the pink cold of December 2007…
Riding rough waters
Economies across the globe have witnessed phenomenal changes in 2011 on political and technical fronts with crude oil touching US$100…
The art of building a wealth division
Sutapa Banerjee was recruited from ABN AMRO to set up the Indian investment bank Ambit Capital's private wealth division. She…
GCC banks see provisions fall by 15% in Q2
Banks in the Gulf region saw provisions for non performing loans fall by 15 percent in the second quarter of…
Kuwait Finance House wins IT award
Kuwait Finance House (KFH) won Best Online Banking Services award from Global Finance magazine, since it offers its clients various…
Kuwait financial sector may draw money launderers: IMF
Rapid growth of Kuwait's financial sector could create an attractive environment for money launderers , International Monetary Fund said in…
Deutsche Bank Scoops Ex-Morgan Stanley EMEA Wealth COO
Deutsche Bank Private Wealth Management (PWM) has announced that Michael Hall has been appointed as the new UK Chief Operating…
Libyan citizens in UK have funds unfrozen
The action brought by Libyan state-owned British Arab Commercial Bank (BACB) effectively legitimises decisions taken by the Libyan Embassy, now…
Many Emiratis have fallen into the trap of predatory lending
Throughout the UAE's short history, the banking sector has opened its doors to Emiratis, welcoming and approving applications for business…
Bank Hapoalim reports 2Q results
Bank Hapoalim (tase:POLI) (adr:BKHYY), Israel's leading financial group, today announced financial results for the second quarter ended June 30, 2011.…