Saudi sovereign fund fills key positions as it bulks up for reform drive
Saudi Arabia's Public Investment Fund (PIF), its main sovereign wealth fund, said on Thursday it had filled key posts as…
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International investment management group opens office in the ME
Aberdeen Asset Management has announced the opening of a new office in Abu Dhabi, the capital of the United Arab…
National Bank of Abu Dhabi becomes market maker for Nasdaq Dubai equity futures
• Addition of prominent UAE bank will support further rapid growth of market • 160,552 contracts have traded…
Saudi Fund Said to Explore Asset Sales for Overseas Deals
Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, according to…
Aspirations to create the Islamic mega bank continue amid difficulties
The Global Islamic Economy Summit 2016 held last month in Dubai highlighted a broad variety of topics related to Islamic…
Largest Wealth Fund Finds Value in Israeli Banks After Job Cuts
Israeli banks, criticized for years as wasteful by their regulator, are attracting interest from the world’s top investors after announcing…
Qatar Islamic Insurance wins ‘Family Takaful Company of the Year’ award
Qatar Islamic Insurance was awarded the “Family Takaful Company of the Year” at the ‘3rd Middle East Insurance Industry Awards…
Global reports KWD8.9 million fee revenues, KWD1.6 million net profit for 9M 2016
Global announced its financial results for the nine months ended 30 September 2016 reporting fee revenues of KWD8.9 million and…
Bahrain's Ibdar launches parallel Shari'ah Trade Finance Fund
Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has announced the launch of the Barak Ibdar Shari’ah Trade Finance Fund, a…
Aspirations to create the Islamic mega bank continue amid difficulties
The Global Islamic Economy Summit 2016 held last month in Dubai highlighted a broad variety of topics related to Islamic…
Egypt, Saudi bourses hit by profit-taking
Profit-taking hit stocks in Egypt and Saudi Arabia on Monday following strong rallies in both markets, while general weakness in…
Why Saudi Arabia has stopped panicking about its U.S. assets
Saudi Arabia appears far less worried that its U.S. assets could be seized under lawsuits filed by 9/11 victims. …