New Iraqi bank Al Mustashar goes live with ICSFS core system
ICS Financial Systems has announced that Al Mustashar Islamic Bank, a recently established bank in Iraq, is now operating on…
Uncategorized
47651 articles found
IIFM and BAFT Publish Shari’ah-Compliant MPA’s for Islamic Trade Finance Business
IIFM and BAFT have announced the release of their joint initiative of creating global master participation agreements to support the…
Russia Flexes Its Muscle in the Middle East
Russia is strengthening ties with the U.S.’s traditional Arab allies, scrambling the Middle East’s political landscape and demonstrating how Moscow…
World Bank affirms confidence in ‘Egypt’s economic reform measures’
The World Bank is “confident” in Egypt’s economic reform measures, the bank’s CEO Kristalina Georgieva, announced yesterday, Reuters reports. …
Saudi Arabia and UAE to launch new banking crypto-currency
A Saudi-Emirati pilot crypto-currency was announced at the inaugural meeting of the Saudi-Emirati Coordination Council in Abu Dhabi last week.…
Six in 10 UAE workers reliant on gratuity payment to fund retirement
New research* from Old Mutual International and Quilter Cheviot highlights the major role end-of-service benefits play in the retirement plans…
Saudi Alhokair's mall unit files for IPO, offering in Q2
Saudi Arabia's Fawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter…
Dubai's Mashreq says 2018 net profit stable at $570m
Mashreq, one of Dubai's largest banks, on Monday said net profits stood at AED2.1 billion ($570 million) for 2018, a…
Tadawul index recovers as buying emerges
Saudi Arabia’s Tadawul index recovered from its early losses on Monday to trade flat as buying emerged as lower levels.…
The 9 best high-interest savings accounts for 2019
UAE consumers might assume that recent US interest rate increases would automatically reflect in the rates applied to their debts…
Al Salam Bank-Bahrain receives two top awards
Al Salam Bank-Bahrain has emerged as the winner of two prestigious awards: “Best Islamic Retail Bank – Bahrain” and “Most…
Standalone UAE Islamic banks unlikely to merge: analysts
Standalone Islamic banks in the United Arab Emirates are unlikely to merge among themselves while the overall banking sector moves…