Dubai Islamic Bank aims to open in Kenya before year-end -sources
Dubai Islamic Bank plans to be operating in Kenya before the end of 2016, despite the Kenyan authorities' moratorium on…
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Abu Dhabi Plans First Bond Since 2009 as Oil Drop Curbs Finances
Abu Dhabi, the capital of the United Arab Emirates, is sounding out investors about plans to issue bonds first time…
Dubai, Chinese firms to launch Islamic fund to invest in China
Shariah-compliant firm Mawarid Finance and Fullgoal Asset Management from Hong Kong will launch an Islamic fund later this year in…
Abu Dhabi's IPIC Talking To Banks For Potential Bond Sale
Abu Dhabi's International Petroleum Investment Co. is in talks with banks about issuing a bond denominated in euros, three sources…
First mover Macquarie Capital is at one with Abu Dhabi’s financial strategy
There was never any doubt in Wissam Moukahal’s mind that Macquarie Capital would be among the first group of banks…
Volante Technologies and Turkish banking and payments experts Payfessional announce partnership
Volante Technologies has announced the signing of a partnership agreement with Payfessional. The partnership will see Volante’s VolPay suite…
QNB launches new government contract financing product for SMEs
QNB has launched a new government contract financing product as the newest addition to its distinguished SME product line. …
Sharjah eyes creation of offshore financial centre
UAE northern emirate Sharjah is planning to establish itself as an offshore financial centre, according to reports. Forbes quoted…
Driving more succession planning certainty in Dubai
Launched in May 2015, the new DIFC Wills and Probate Registry has already seen over 900 Wills registered. The…
Japan enters Shariah-compliant corporate financing in Mideast
Bank of Tokyo-Mitsubishi UFJ, through its newly established Dubai branch, has become the first Japanese lender to provide Shariah-compliant corporate…
Bahrain-based bank to enter Turkish market
New bank from the Gulf is joining the Turkish financial system. One of the most powerful Bahrain-based banks, the Bank…
Saudi Arabia wants to build a $2 trillion mega-fund — and fundamentally change its economy
Saudi Arabia is planning to create a $2 trillion sovereign wealth fund to reduce the country's reliance on oil and…