Dubai leads Gulf markets recovery
Most Gulf stock markets ended modestly higher on Monday as investors picked up some bargain deals. Dubai led the recovery…
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Ithmaar opens new branch in Bahrain
Ithmaar Bank, a leading Islamic retail bank licensed by the Central Bank of Bahrain, has announced the opening of its…
Eversheds advises Barwa Bank on first Islamic window acquisition
The Doha office of international law firm Eversheds has advised Barwa Bank on the acquisition of Al Yusr, International Bank…
Kuwait International Bank set to migrate on SWIFT Release 7.0 platform
Kuwait International Bank (KIB) is all set to migrate on SWIFT Release.7.0, the latest banking communications technology as per Central…
Commercialbank appoints new head of investment and merchant banking
Commercialbank has appointed Alex Malberg as the new head of investment and merchant banking. Mr Malberg will be in charge…
Hogan Lovells mourns loss of Middle East disputes head
Partners at Hogan Lovells are mourning the death of Middle East disputes head Stephen York, who passed away last week.…
Global economy is dangerously close to recession
Concerns over the wavering US economy and Eurozone debt crisis has put world markets in turmoil and most of them…
Islamic banking has become a reality
A team of experts is studying the legislative requirements to bring forward integrated legislation for Islamic banking and make necessary…
Gulf bond sales drop 23pc
Bond sales by issuers in the Gulf fell to a five-year low as debt crises in developed nations threaten a…
Oman-based lender gets Islamic banking licence
Oman’s Al Izz International Bank, a lender under formation in the Gulf Arab state, has been given a licence to…
Adia revamps fund mgmt unit
The Abu Dhabi Investment Authority sovereign wealth fund has promoted a key son of the country’s president as it revamps…
Arab Bank receives industry recognition
Arab Bank recently received the Best Consumer Internet Bank in Jordan award from Global Finance for its Arabi Online Internet…