CIIB study explores methods encouraging Islamic financial sector
Citi Islamic Investment Bank, a member of Citi, released an independent qualitative research study that explores methods of encouraging and…
Investment Banking
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Saudi Sheikh launches $10bn lawsuit against Barclays over banking licence fraud
A wealthy Saudi businessman is seeking $10billion (£6.2billion) in damages from Barclays after claiming the bank ‘hatched a fraudulent’ scheme…
Islamic banking on the rise
The international financial crisis of 2008 constituted a historic chance for the Islamic financial sector to prove its worth and…
Morgan Stanley appoints Tevfik Aksoy country head for Turkey
Morgan Stanley said it appointed Tevfik Aksoy the country head for Turkey. Tevfik was previously head of Central and…
JPMorgan expands endowments & foundations group
JPMorgan has appointed managing director Kris Jonsson and executive director Sandeep Bhamra to newly created roles as client advisors…
NBAD announces financial resutls for nine months ended 30 September 2014
National Bank of Abu Dhabi (NBAD) earned Dhs4.195 billion for the nine months ended 30 September 2014, up 14.7 percent…
Commercial Bank Of Qatar Q3 Profit Surges
Commercial Bank of Qatar, the Gulf Arab state’s second-largest lender by assets, reported a 79 per cent rise in third-quarter…
Societe Generale names regional head of trade
Societe Generale said it appointed Sonal Priyanka regional head of trade for Southeast Asia, India and the Middle East within…
FGB’s Nine-Month Net Profit Up By 21% To A Record AED 4,105 Million Total Assets Cross The AED 200 Billion Mark
FGB, one of the leading banks in the UAE, announced its financial results for the first nine months of 2014…
Strong nine months financial performance by Mashreq achieves 35% increase in Net Profit
•Net Profit increase to AED 1.76 billion up 35% YoY •Operating Income up 24% to AED 4.3 billion…
Oman signs pact as founding member of Asian Infrastructure Investment Bank
Oman, represented by the State General Reserve Fund (SGRF), has signed a memorandum of understanding (MoU) on October 24 in…
21 countries launch China-proposed Asia infrastructure bank
Up to 21 countries including Kuwait, Oman and Qatar became founding members of the Asia Infrastructure Investment Bank (AIIB) as…