Khaleeji Commercial wins two awards
Khaleeji Commercial Bank (KHCB) has recently been presented with two awards by the well- renowned Global Banking & Finance Review.…
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Sharjah Islamic Bank plans benchmark dollar sukuk issue
Sharjah Islamic Bank will begin investor meetings on Aug. 29 for a potential benchmark U.S. dollar-denominated sukuk issue, the lender…
Entersekt Appoints IST Networks as Reseller in the Middle East and Turkey
Entersekt, an innovator in mobile-enabled digital banking security, today announced a partnership with IST Networks. A leading systems integrator…
Moody’s upgrades Masraf Al Rayan’s issuer ratings
Global credit rating agency Moody’s has upgraded Masraf Al Rayan’s long term issuer ratings to A1 from A2 and Counterparty…
WIBC set to strengthen ethical Islamic finance
In strategic partnership with the Central Bank of Bahrain, World Islamic Banking Conference 2016 is set to gather over 1,300…
Sale of former Burlington to German bank secures its future as a landmark hotel
Acquired by Blackstone for €67m in 2012, the Ballsbridge hotel, which now trades as the DoubleTree by Hilton, is expected…
Liechtenstein approves double tax agreement with the UAE
Liechtenstein has approved a double taxation agreement with the United Arab Emirates, as well as Iceland and Andorra. The…
Deloitte & Touche sued over alleged negligence and deceit in their audits of LCB
The claim was filed in the Dubai International Financial Centre Courts on 19 July 2016. This is the first claim…
'Weak deposits, credit to affect UAE banks' profitability'
Banks are forecast to face tougher times ahead, as consumers are making less cash deposits, while business and government loans…
Qatar's financial position 'will remain strong over next decade'
Qatar, whose budget will turn back to surplus in 2017, will remain in one of the strongest fiscal positions in…
Should GCC banks be wary of Fintech entry?
Since the time internet revolutionized global communication, information technology (IT) has been disruptive, and has changed the business model of…
Qatar fund buys 9.9% stake in Empire State Building owner
Qatar Investment Authority, the Middle Eastern country’s sovereign wealth fund, bought a near 10 per cent interest in Empire State…