Gulf Arab states may need to rethink policy -Qatar c.banker
Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, Over the next…
Regulation, Risk & Compliance
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Net Profit Up 6.2 Percent To KD 37.6 Mn
Al Ahli Bank of Kuwait achieved KD 82.5 million operating profits and KD 37.6 million net profits for the financial…
UAE Insolvency Law: Priority for business growth
New legislation rumoured to address financial deregulation, preventative composition of bankruptcy and bankruptcy. Towards the end of last year,…
Bank Leumi hit by lawsuit from shareholders over U.S. tax settlement
Shareholders in Israel's Bank Leumi are seeking to file a class action lawsuit worth about 475 million shekels against the…
Bahrain Development Bank and Arab Business Leaders signed a Memorandum of Understanding
His Excellency Sheikh Hesham Bin Mohamed Al Khalifa, Deputy General Manager for non-financial services of Bahrain Development Bank and Houssam…
UAE Central Bank develops Credit Sentiment Survey
The Central Bank has developed a Credit Sentiment Survey, The Survey, in 2014 Q1 to collect information from all banks…
Finacle Islamic Banking Solution to Power UAE’s Emirates Islamic Bank
Emirates Islamic Bank (EI), a leading Sharia-compliant banking institution in the Middle East, has selected the Infosys ( Finacle Islamic…
Goldman Sachs opens office in Istanbul
One of the largest investment banks in the world, Goldman Sachs Group is opening an office in Istanbul to mediate…
Qatar- Ooredoo provides state-of-the-art 'Cloud Security Solution' for Al Khaliji
Ooredoo and Al Khalij Commercial Bank have signed a new agreement that will see the former providing an integrated Cloud…
Bank Alkhair names Ayman Sejiny as group CEO
Bahrain-based Bank Alkhair, an Islamic wholesale bank, has appointed Ayman Sejiny as group chief executive officer. He will be responsible…
M&A trends in the Middle East
Deal-making in the Middle East is on the rise. Consumer confidence is improving, credit is more readily available, and capital…
The agreement with IDB on establishment of Islamic Banking legislation considered by the government of Azerbaijan
Baku, Fineko/abc.az. The agreement on the grant to be provided by the Islamic Development Bank (IDB) for establishment of legislation…