UAE commercial property market to take a hit as office work is changing
With coronavirus cases still being reported and many offices continuing the work from home policy , the commercial real estate…
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Millennium launches international operations in Dubai
News Highlights: Global Islamic financial assets reached US$2.5 trillion in 2018, of which Islamic banking assets represents 70 per cent,…
UAE-Israel treaty will boost trade, drive real estate market
Dubai real estate sector seen to benefit most; more investment set to be attracted from untapped market in region …
Waha Capital launches income generating Islamic Fund
Waha Capital PJSC has announced the launch of a new income-focused Islamic fund, adding to its three existing funds within…
ENBD Reit posts $215mln in Q1 NAV
ENBD Reit, the Shariah-compliant real estate investment trust managed by Emirates NBD Asset Management, said that its net asset value…
Qatar’s Masraf Al Rayan reveals overwhelming response to its Sukuk issue
Qatar’s second-largest Islamic bank Masraf Al Rayan revealed that it’s $750mn Sukuk issuance generated overwhelming demand from global investors and…
UAE unveils future energy, infrastructure roadmap
The UAE government has announced the "Road Map for Leadership in the Energy, Infrastructure, Housing and Transport sectors" to define…
Bahrain jails Future Bank officials; $47mln fines issued for money laundering
Three Future Bank officials have been sentenced to five years in jail and fined $1 million each following a series…
Sovereign wealth funds stampede into stocks outside the U.S.
Sovereign wealth funds poured a net $7.1 billion into stocks during the second quarter, the most in several years, with…
Lebanese central bank tells banks to provision for 45% loss on Eurobonds
The Lebanese central bank has told Lebanese banks to provision for a 45% loss on their Eurobond holdings, according to…
Bank Leumi, UAE bank, negotiating partnership amid normalization
Israel's Bank Leumi has been negotiating a partnership with an unnamed bank in the United Arab Emirates (UAE), according to…
Qatar's banking sector remains ‘heavily targeted’ sector for cyberattacks: QCB
Qatar's banking sector remains a “heavily targeted” sector for cyberattacks, Qatar Central Bank said and noted phishing attempts and user…