Simmons and Simmons wins Fintech Hive legal gig
International law firm Simmons & Simmons will be a legal partner to FinTech Hive at Dubai International Financial Centre Authority…
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Bahrain Bank First in MENA Region to Join R3 Blockchain Consortium
Bank ABC, an international banking group headquartered in Bahrain is the latest financial institution to join the global banking-centric blockchain…
Bank ABC becomes the first MENA financial institution to join R3
Bahrain-based Bank ABC, MENA’s leading international banking group, has recently joined blockchain-inspired consortium headed by R3, a financial innovation firm,…
Islamic finance and SRI share a lot of common ground
In the last two decades, Islamic finance and socially responsible investment (SRI) have been among the fastest growing areas within…
Dubai billionaire seeks to sell Trump-branded villas abroad
During recent trips to Croatia and Malta, a Dubai-based billionaire and business partner of the Trump Organization looked more like…
Iran sees banking channels opening up
With foreign energy companies signing early deals with Iran, the country's president said banking channels to the world could be…
Qatar,‘damaged’ by ATQ sanctions, has the worst still to come
June was a bad month for Qatar. It suffered a collapse in imports, soaring food inflation and tighter financial conditions…
Islamic finance industry hampered by global economic conditions
Global economic volatilities, consistently low oil prices and reduced demand for credit are among the factors that currently weigh on…
Ahli United Bank appoints Tareq Muhmood as Senior Deputy CEO
Ahli United Bank has announced the appointment of Tareq Muhmood in the position of Senior Deputy CEO – Banking Group.…
Ithmaar Bank sustains profits in first half ’17
ITHMAAR Bank B.S.C., a Bahrain-based Islamic retail bank and a wholly-owned subsidiary of Ithmaar Holding, reported Sunday a net profit…
GFH profit jumps fivefold to $62m in first half
GFH Financial Group reported on Sunday $62.1 million (Dh227.9 million) in net profit attributable to shareholders for the first half…
Top Saudi banks to protect profitability amid challenges
Saudi Arabia’s big-5 banks could face further profitability pressures as government tightens spending, however these banks will largely protect their…