Egyptian billionaire sets up investment firm
Egyptian billionaire Nassef Sawiris, whose family owns the Orascom group of companies spanning construction to telecoms, has set up an…
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Al Wifaq Finance Company joins the DMCC Tradeflow platform
Al Wifaq Finance Company , the Islamic subsidiary of Union National Bank has joined the DMCC Tradeflow platform, in order…
Bank Muscat 'eyeing' Oman brokerage business sale
Bank Muscat is seeking offers from potential buyers for its brokerage operations in the sultanate, according to three people with…
UAE banking sector to face stringent capital and liquidity rules
The Central Bank of UAE is in the process of reviewing and updating banking sector regulations to align local regulations…
Barclays named 'Best Equity House in the Middle East & North Africa' by Euromoney
The awards are widely considered to be the most high profile accolades in the Finance industry and annually recognise outstanding…
UAE’s income growth best in GCC during Q1
Propelled by record-high earnings growth by Dubai companies, the UAE continued to outperform other countries in the GCC and drove…
Ooredoo chosen ‘Best Islamic Borrower’
Ooredoo won the award for a variety of new activities undertaken in the Islamic financing markets. It started with…
RAKBANK lifts foreign ownership Limit
Peter England, RAKBANK’s CEO, said that the bank had been running very close to the old 20 per cent limit…
Internet-only banking not feasible in Mideast
Digital technology is changing people’s lives, with consumers now increasingly keeping in touch and buying everyday groceries through virtual means.…
Global GCC equity funds outperform their benchmarks year to date
The Global GCC Large Cap Fund, one of the company’s flagship funds, has outperformed its respective benchmark reporting a return…
Egyptian bourse rebounds, UAE and Qatar remain weak
Egypt's bourse rebounded on Wednesday after several days of weakness, while many major stocks in the United Arab Emirates and…
Dana Gas’ Islamic bonds rally, NBAD says it’s time to sell
Dana Gas' Islamic bonds jumped the most since January as the company's stock price climbed, signalling a good moment to…