‘Bitcoin is prohibited by Islam,' says Egyptian mufti
Egypt’s Grand Mufti Shawki Allam said in an official fatwa on Monday that trading with Bitcoin was "unlawful" according to…
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Mideast funds to boost equities positions, favour Saudi after state budget
Middle East fund managers plan to boost their equity holdings after a very weak year in which the region underperformed…
Qatar plans central Shariah committee for Islamic banks
Qatar is planning to set up a central Shariah committee for Islamic banks to create consistency in Islamic finance, according…
Al Rajhi Capital launches latest Saudi REIT IPO
Saudi Arabia’s Al Rajhi Capital has launched the largest real-estate investment fund (REIT) IPO in the region, which will have…
EFG- Hermes says it expects 19.3 per cent Mena earnings growth in fourth quarter
The Middle East and North African (Mena) region companies covered by the Egyptian investment bank EFG-Hermes are expected to record…
S. Arabia, UAE levy VAT in first for Gulf
Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long…
Egypt picks five Banks to manage Its $4billion Eurobond sale
Egypt selected five banks to manage a Eurobond sale of about $4 billion, the finance minister said, as the nation…
Financial Conduct Authority delays rule change for Saudi Aramco’s $2 trillion listing
The City regulator has delayed a decision on an overhaul of stock market rules that would enable the $2 trillion…
Egypt's assets move forward in 2018 with structural reforms
Egypt is moving forward in 2018 with structural reforms that helped make the nation’s assets among the best performers in…
GCC bond sales to be bolstered by financing needs in 2018, market participants say
GCC issuers are likely to continue tapping debt markets in 2018 with similar amount of gusto as banks and corporations…
Bank Sohar wins Infosys Finacle Client Innovation Award
Continuing the age of excellence, innovation and alacrity in Oman’s banking sector, Bank Sohar again has won an award for…
Gulf underperforms in 2017, has reason to expect better 2018
Middle Eastern stock markets far underperformed the rest of the world in 2017 but as the year ended, beaten-down valuations…