Saudi PIF ranks 5th among world’s sovereign funds with $620bn assets
Saudi Arabia’s Public Investment Fund has advanced from sixth to fifth place among the largest sovereign funds in the world…
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Saudi competition authority approves 88% more mergers & acquisitions requests in Q1
Saudi Arabia’s General Authority for Competition approved 49 applications for mergers and acquisitions in the first quarter of 2022, an…
Sohar Islamic inks agreement to provide retail and wholesale banking solutions to Madayn
Contributing and promoting the national agenda of diversification as well as generating in country value (ICV), Sohar Islamic - Sohar…
QIB wins 3 prestigious awards at Global Finance world’s best Islamic financial institutions 2022
Qatar Islamic Bank (QIB) has been recognized on a global and national level at the Global Finance Magazine’s World's Best…
How Islamic Finance Can Support the Gambia's Economic Development
Tapping into Islamic finance will attract foreign direct investment into the Gambia and contribute significantly to its economic development. It…
Bahrain's IIFM and TKBB sign MoU on participation banking sector
The International Islamic Financial Market (IIFM), a Bahrain-based standard-setting body, and the Participation Banks Association of Turkey (TKBB) have signed…
UAE’s DMCC records 665 new company registrations in Q1 2022
The Dubai Multi Commodities Centre said that 665 new companies registered in the freezone in Q1 2022 – making it…
Abu Dhabi’s ADQ sets up SPAC with Chimera, eyes nearly $100mln IPO
Abu Dhabi state-owned ADQ and Chimera Investments have established a special purpose acquisition company (SPAC), which is expected to raise…
Turkey’s Ziraat Bank secures $1.24 billion loan at higher cost
Ziraat Bank, Turkey’s biggest state-run bank, secured a syndicated loan of $1.24 billion at higher costs following a currency crisis…
Dubai launches Sukuk Al Waqf in a push to encourage humanitarian contributions
Dubai government on Tuesday announced the launch of Sukuk Al Waqf, the first of its kind initiative in the world.…
UAE’s National Bonds’ investments rise by 36% to Dhs11.89bn in 2021
Shari’a-compliant savings and investment company, National Bonds’ 2021 annual profits report has revealed that more UAE nationals and residents are…
Rania Tadros joins Stephenson Harwood as new Dubai office managing partner
Stephenson Harwood LLP has strengthened its Dubai office with the arrival of Rania Tadros as the new office managing partner.…