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Damac shares confirmed as sharia-compliant for Islamic investors
Shares of Dubai based Damac Properties are Sharia compliant for the purposes of investment and trading, according to Dar Al…
Egypt turning towards to China for investment
The presence of Chad and Senegal at the G20 summit in Hangzhou, China, was a given, as the former is…
Bank Leumi to Pay $1.6 Million for Illegal US Cross-Border Business
The US Securities and Exchange Commission has issued a statement saying that Israel-based Bank Leumi has agreed to admit wrongdoing…
Saudi Arabia draws $67 billion demand for first international bond
Saudi Arabia attracted massive investor demand of about $67 billion on Wednesday for its first international bond offer, as the…
Gulf State wealth fund shells out £621 million for SGN stake
Perth power provider SSE has sold a minority stake in gas distribution business SGN to the Abu Dhabi Investment Authority…
Kuwaiti lender NBK upbeat on rising demand for credit
National Bank of Kuwait is seeing higher demand for bank credit and an improvement in operating conditions, its chairman said…
Central Bank approves expansion of financial activities of banks and financial institutions
The Board of Directors of the Central Bank of the UAE has approved applications of banks and other financial institutions…
Emirates NBD Asset Management Signs Agreement with UTI International for Indian Funds
Emirates NBD Asset Management today announced its collaboration with UTI International, one of India’s largest money managers. The agreement aims…
Retail banking faces pressure from slowing economy
The economic slowdown following the prolonged decline oil prices is exerting pressure on retail banking business in the country and…
Al Salam Bank-Bahrain signs an agreement with Takaful International
Present at the signing ceremony held at the Bank’s headquarter office in the Bahrain World Trade Center were Mr. Anwar…
Exclusive: Saudi Oger seeking buyers for $1 billion Arab Bank stake – sources
Saudi Oger has begun talks with potential buyers for its 20.93 percent stake in Arab Bank ARBK.AM in a deal…