UAE banking system resilient, finance minister says
The banking system of the United Arab Emirates is in good shape and will be able to withstand any external…
Market Forecasts
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Islamic Banking: ethics, transparency and honesty
The CEO of Al Hilal Bank, Mohamed J Berro, waxes poetic when Kipp asks him what Islamic banking means to…
Credit Suisse downsizes Gulf investment-banking team
High-level departures from Credit Suisse in Dubai are part of an overall reduction to the Swiss bank’s Middle East investment-banking…
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…
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…
A world without growth is a possibility
The author of Extreme Money, Satyajit Das, says that governments are fixated on economic growth strategies to get out of…
Gadhafi’s exit to spur Libya’s Shariah banking
Islamic banking in Libya, where rebels stormed the capital Tripoli this week, may benefit from the departure of Moammar Gadhafi,…
Saudi Tadawul market defies regional downtrend
The Saudi Stock Exchange added 0.57% to reach 6,088.25 points. Shares advanced across almost all sectors, as market bellwether Sabic…
SICO posts net profit of BD1.127m for Q2
Bahrainâbased Securities & Investment Company (SICO) announced today a net profit of BD 1.127 million for the second quarter of…
Arab holdings of US bonds put at $470bn
The downgrading of the US credit rating will likely have "far-reaching consequences" on the Arab region, according to Chairman of…