StanChart Says Foreign Banks Struggle to Compete in Saudi
Local lenders in Saudi Arabia are dominating the market, prompting overseas banks to surrender their licenses as they struggle to…
Market Forecasts
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The SME Gap In Islamic Financing
For most parts, the boom in Islamic finance within the GCC and indeed in North Africa and South Asia has…
Arab Mediterranean banks resilient in the face of turmoil
In the face of the protracted political turmoil in the region that has been hampering policymaking and economic recovery, banking…
Post crisis Islamic banks must revise business model
A growing global sentiment around ethical and socially conscious businesses is emerging. Large segments of the world’s consumers are showing…
Moody’s Investors Service upgrades 3 Abu Dhabi firms
The ratings agency, which earlier this year had praised Abu Dhabi’s economic stability and prudent wealth management, Upgraded all…
As Saudi bourse opens, foreigners face clash of investment cultures
Seventy-year-old Saudi Arabian stock speculator Mohamed al-Otaibi says he lost hundreds of thousands of dollars in the crash of 2006,…
As Saudi bourse opens, foreigners face clash of investment cultures
Seventy-year-old Saudi Arabian stock speculator Mohamed al-Otaibi says he lost hundreds of thousands of dollars in the crash of 2006,…
Dubai set to be MidEast RMB hub; talk of clearing bank ahead
Amid this year's flurry of renminbi clearing bank designations to European and Asian cities, another region could soon be added…
Faith in Islamic finance on the rise in non-Muslim world
The growth of the global Islamic finance industry is most often measured by value of assets. While this indicator is…
Deloitte Banks in the Middle East seize opportunities for global expansion
World trade flows, increased gross domestic product (GDP), a growing middle class and new technologies will help banks based in…
Turkey’s Top Aide Seeks Limits to Influence of Foreign Banks
Turkey needs to strengthen control of its banks and limit foreign ownership, Prime Minister Recep Tayyip Erdogan’s chief economic adviser…
Bridging the Gulf
From private trust companies and market listings to Sharia compliance and property structures, the Channel Islands are mining a rich…