Key GCC Islamic banking assets rise to $445bn
Islamic banking assets with commercial banks in the GCC reached $445 billion at the end of last year, up from…
Market Forecasts
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More work to do for GCC banks
Settling into high single digit growth rate and healthy profitability, Gulf banks would do well to undertake necessary investments that…
Saudi Riches Don’t Reach Entrepreneurs as Bankers Shun Startups
When Saleh Al-Zaid decided it was time to expand Twitmail.com, the Saudi Arabian entrepreneur figured it wasn’t even worth trying…
Saudi bank profit seen to ease in 2013
The Saudi Arabian banks are likely to register a lower profit growth this year owing to increasing competition and…
Gold shines in Dubai as trade said to hit record $70bn in 2012
Dubai’s gold trade is estimated to have exceeded $70 billion in 2012, hitting record highs as more of the precious…
Hawkamah and IMF focus on central bank governance
Hawkamah Institute for Corporate Governance with the International Monetary Fund organized a 2-day high-level forum on central bank governance: risk…
Qatar, Abu Dhabi markets offer attractive opportunities
Global markets witnessed correction this week as there was outrage in Cyprus over the unprecedented levy on bank deposits. Last…
Dubai's ICD plans to raise $2bn loan
Investment Corporation of Dubai, the emirate’s main state-owned holding company, said on Tuesday it plans to raise $2bn from a…
EastNets launches en.SafeWatch FATCA to enable compliance with new US laws
EastNets has announced the launch of EastNets en.SafeWatch FATCA, a new specialised solution that enables foreign financial institutions to comply with…
Abu Dhabi's Al Hilal Bank seeks rating, to issue sukuk in Q3
Abu Dhabi government-owned Al Hilal Bank plans to issue a debut Islamic bond worth $500 million in the third quarter…
UAE bank assets soar Dh129bn
The combined assets of UAE banks surged by more than Dh129 billion through 2012 to maintain the country’s position as…
Qatar bank to buy majority stake in Turkey’s Alternatifbank
Commercial Bank of Qatar has agreed to buy a 70.8 per cent stake in Turkish lender Alternatifbank, underscoring Gulf Arab lenders’…