Turkey Plans to Let Banks Securitize Loans to Spur Growth
Turkey is working on legislation to allow commercial lenders to securitize and sell all of their $515 billion of outstanding…
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The biggest challenge family businesses across GCC region are facing is the transition to the third generation
According to a study from the Family Business Council Gulf, US$1.2 trillion to $1.3tn – without considering any offshore assets…
Dubai’s Largest Bank Will See Customer Cheques on a Blockchain This Year
UAE retail banking giant Emirates NBD will introduce blockchain technology into cheques to minimize fraud and strengthen their authenticity. …
QIA’s foreign assets to remain untouched
In a strategic move, the Government of Qatar has decided to leave alone and not to tap the Qatar Investment…
Saudi Arabia avoids financial crisis – now for the hard part
Saudi Arabia has dodged a financial crisis due to low oil prices by slashing state spending and borrowing tens of…
ICD, Türkiye Wealth Fund and Catalyst Group cooperate to develop mortgage sector of Turkey
Türkiye Wealth Fund, The Islamic Corporation for the Development of the Private Sector, the private sector arm of IDB Group,…
No more bank mergers in pipeline – Saudi central bank chief
Saudi Arabia’s central bank governor Ahmed al-Kholifey said on Thursday that he did not see more bank mergers looming, after…
Abu Dhabi Commercial Bank Q1 profit up 8%
Abu Dhabi Commercial Bank on Sunday posted an 8 per cent rise in first-quarter profit, slightly above analysts’ forecasts, helped…
Suez Canal Bank appoints Hussein El-Refaie as new chairperson
The Suez Canal Bank's board of directors has elected Hussein El-Refaie as the new chairperson of the bank, succeeding Tarek…
Dubai firm launches world's first gold backed digital currency
OneGram, an Islamic financial services and technology company, is partnering with GoldGuard, which is building one of world’s largest gold…
EIBank reports Dh16.57 million Q1 net profit
Emirates Investment Bank, an independent private bank based in the UAE on Tuesday reported Dh16.57 million net profits for the…
Al Emadi receives Leadership Vision 2017 award
Finance Minister H E Ali Shareef Al Emadi has received the Leadership Vision Award 2017, during the official opening of…