Islamic banking assets in UAE hit $142billion in Q1 2017
The UAE’s AED522 billion Islamic banking assets will help fuel the growth of the country’s Halal sector, according to a…
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UAE economic growth forecast to slip to 2% this year
The UAE economy grew by 3 percent in real terms last year, according to provisional data released by the country's…
Qatar riyal FX market in chaos but bankers believe peg still solid
Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading…
Kuwait's KFH honors Imams at the state's Grand Mosque
Kuwait Finance House honored the Imams and Quran reciters of the State’s Grand Mosque in recognition of their role in…
Foreign exchanges in many countries are refusing Qatari riyals
Many banks and foreign exchange companies outside of Qatar are now refusing to buy Qatari riyals, Doha News has learned.…
Credit Bank fire-caused losses more than USD 6 mln — director
Kuwait Credit Bank General Director Salah Al-Mudaf said on Wednesday losses inflicted at the news headquarters building due to the…
Qatar riyal FX market in chaos but bankers believe peg still solid
Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading…
The mysterious (and continuing) fall in Saudi foreign reserves
Net foreign assets at Saudi Arabia’s central bank, a measure of its ability to support its currency, look set to…
First-quarter figures show increase in money supply at Oman’s banks
The increase was supported by a 6.9% quarter-on-quarter (q-o-q) rise in government deposits to commercial banks between January and March,…
Qataris pocketed £1bn from Barclays bail out… yet shareholders are still nursing huge losses
A controversial rescue plan which has left Barclays facing a fraud trial may have netted £1 billion for Qatari investors,…
CB says Qatar-Gulf crisis could pose threat to remittance inflows
The Central Bank last week expressed concern over the prolonged diplomatic spat between Qatar and its Arab neighbours as the…
United Gulf Bank's Ratings Affirmed
The Financial Strength Rating is also maintained at ‘BBB’. As an overwhelming majority of UGB’s risk assets, revenue streams, and…