Qatar Islamic Bank Q2 net profit rises, beats estimates
Qatar Islamic Bank, the Gulf state’s largest sharia-compliant lender by assets, beat the average forecast of analysts as it reported…
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Testing times ahead for Turkey’s financial system
A widening current account deficit, raging inflation, a plunging lira and the recent appointment of a new cabinet with more…
Evli pushes distribution to Middle East
Evli Fund Management Company Ltd has expanded its distribution of fund products to the Middle East. To promote and…
Bank Muscat's H1 Net Profit Rise 6.4% To RO90MN
Bank Muscat posted a net profit of RO89.7mn for the six months period ended June 30, 2018 compared to RO84.31mn…
Commercial Bank of Dubai signs acquiring porcessing deal with Network International
Commercial Bank of Dubai (CBD) and Network International, the leading payment solutions provider in the Middle East and Africa, recently…
Abraaj posts $188 million loss after using investor funds, says PwC
PricewaterhouseCoopers and Deloitte were hired as the provisional liquidators of Abraaj. Abraaj Holdings had an “unusual” business model reliant on…
HSBC, Credit Suisse to advise on Kuwait's KFH, Bahrain's AUB merger talks
HSBC and Credit Suisse have been selected to advise on a possible merger between Ahli United Bank (AUB) and Kuwait…
Shuaa Capital, Ajman Bank reveal exposure to Abraaj
Shuaa Capital, Ajman Bank and the Commercial Bank of Dubai, have joined the growing list of companies with exposure to…
Dubai lenders Mashreq, CBD join FAB in declaring Abraaj exposure
Commercial Bank of Dubai and Mashreq Bank are the latest lenders to disclose their exposure to embattled private equity firm…
UAE's Mubadala said to be in talks with potential Cepsa bidders
Mubadala Investment Co is holding talks with potential bidders for its Spanish oil company Cepsa Trading as it weighs alternatives…
Lebanon Central Bank head expects economy to grow 2% in 2018
Lebanon’s Central Bank Governor Riad Salameh said on Thursday he expects the economy to grow 2 per cent and for…
Changes to the taxation of UK property for Middle Eastern investors
The UK Government on 6 July published its draft Finance Bill provisions confirming that a significant change to the property…