Dubai Islamic Bank celebrates 40 years in Islamic Banking
Dubai Islamic Bank (DIB) celebrated its 40th anniversary at a special ceremony held in the presence of His Highness Sheikh…
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Saudi plan to open stock market to foreign investors at ‘advanced’ stage
Saudi Arabia’s plan to open its stock market to foreign investors is at an “advanced” stage, and the kingdom has…
Bahrain's GFH plans $230m sukuk to fund acquisitions
Gulf Finance House, the Bahraini Islamic investment firm, plans to make a $230 million sukuk issue this year to help…
Funds increasingly bullish on Saudi Arabian equities – surveyFunds increasingly bullish on Saudi Arabian equities – survey
Middle East funds are increasingly positive towards Saudi Arabia's stock market as oil prices appear to be stabilising and the…
Bahrain banking on infrastructure, private sector to ride out cheap oil
Bahrain’s economy is holding up in the face of low oil prices as policymakers bank on infrastructure spending and the…
Gulf economies have failed to diversify: Qatar central banker
Rich Gulf Arab countries have so far failed to diversify their economies away from oil revenue and some may eventually…
Qatari bourse index loses 23.37 points
Qatar Stock Exchange index dropped 23.37 points, or 0.19 percent, when it closed yesterday at 12,525.88 points from Monday’s position…
Bank to pay BD10.7m in dividend
The shareholders of Al Salam Bank Bahrain will get BD10.7 million as dividend following the approval of the board recommendation…
Banking stocks send Tadawul higher
Most Gulf stock markets stood nearly still on Tuesday as oil prices seesawed and investors waited for the US Federal…
Morgan Stanley, BofA set to end US banks' IPO drought in Saudi
The two are close to being hired as lead arrangers on the initial public offering of Fawaz Alhokair Group’s malls…
Islamic Development Bank picks arrangers for dollar sukuk offering
The AAA-rated IDB has picked nine banks to arrange investor meetings in the Middle East and Asia, it showed, adding…
Qatar Islamic Bank approves up to 5bn riyal Tier-1 sukuk issuance
Qatar Islamic Bank , the Gulf state's largest sharia-compliant bank by assets, said on Monday its shareholders had approved the…