Invest AD offers pioneering GCC bond investment product to institutional investors
The new investment note, structured by the Swiss Bank Julius Baer is actively managed by Invest AD Asset Management PJSC. …
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Dubai International Financial Centre hosts ‘Lebanese Banks Day’ with Banque Du Liban
Dubai International Financial Centre has hosted select senior representatives from the Lebanese banking community at an industry-focused event in an…
Cairo Amman Bank Q1 profit falls
* Q1 net profit attributable to shareholders 6.7 million dinars versus 9 million dinars year ago * Q1 net…
Dubai National Insurance and Reinsurance Q1 profit falls
* Q1 net profit 20 million dirhams versus 23.3 million dirhams year ago * Q1 gross premiums 85.3 million…
Islamic banks’ growth in Saudi Arabia to continue
S&P Global Ratings forecast oil prices will stabilize at $50 per barrel in 2017 and 2018, with unweighted average GDP…
Foreign Banks Setting Up Iran Branches
A number of foreign banks have submitted applications to set up branches in Iran, the Central Bank of Iran's deputy…
Egypt's CIB agrees to sell 10 pct of CI Capital
Egypt's largest listed bank, Commercial International Bank, has agreed to sell 10 percent of its investment banking arm CI Capital…
Attijariwafa Bank aims to become one of Egypt’s 10 biggest banks in 7 years
The Moroccan Attijariwafa Bank, which recently acquired Barclays Egypt, seeks to become one of the 10 largest banks in Egypt…
GCC luxury e-commerce to reach $1.5bn in 2021, says research
E-commerce sales will account for $1.5 billion of the Gulf’s high-end luxury segment within the next four years, according to…
Mubadala Plans to Invest Up to $15 Billion in SoftBank Fund
Abu Dhabi’s Mubadala Investment Co. plans to invest as much as $15 billion in SoftBank Group Corp.’s Vision Fund and…
Mashreq marks 50 golden years of success
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and…
Bank Muscat’s Meethaq Islamic finance receivables increase to OMR902m
Bank Muscat’s Meethaq Islamic financing receivables rose to OMR902 million, as of March 31, 2017, compared with the OMR665 million…