Mideast cross-border deal-making ‘steady’ despite global decline
Global cross-border M&A volume and values were subdued in Q2 2016, as investors held their breath, but the Middle East…
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Remittances from Qatar up in 2016 first half
Remittance outflow from Qatar increased in the first half of 2016, figures from exchange houses here revealed. Citing a…
Blom Bank Chooses Wolters Kluwer for Operational Risk
Blom Bank the leading Lebanese bank, has chosen Wolters Kluwer’s OneSumX to provide it operational risk software solution. OneSumX…
KFH Achieves Remarkable Presence in Sovereign Debt Issuances (Tawarruq)
CEO KFH-Group, Mazin Saad Al-Nahedh reiterated KFH's leadership in innovating sharia-compliant products, indicating that the bank had achieved remarkable presence…
Safest countries to do business in: Dubai puts UAE in Top 5
The UAE is popularly-known as a safe haven in the world of business. Rightly so. Be it property, banking…
Burgan Bank wins four awards at the Asian Banking & Finance Awards Ceremony 2016
Burgan Bank announced today that it has won four awards from The Asian Banking & Finance Magazine, one of the…
Why DIFC is a hub for financial organisations
June 30, 2016 saw the Middle Eastern operation of HSBC, the world's fourth-largest bank, complete its move, together with some…
UAE SMEs to be exempt from bank guarantees by October
The UAE’s Ministry of Human Resources Emiratisation had announced a new decree to exempt Emirati small and medium enterprises from…
Bank of Sharjah announces net profit of AED 176 million for H1 2016
Total Assets reached AED 26,289 million, a two per cent decrease over the corresponding 30 June 2015 balance of AED…
Affluent banking clients prefer to use digital channels
Affluent middle-class customers in the UAE are more likely to interact with their banks using digital channels than before, according…
How GCC companies can avoid growth traps
In recent years, leading Gulf Cooperation Council companies have grown in their domestic markets and through international expansion. These…
Gulf Bank posts an 11% increase in Net Profit in H1 2016
Gulf Bank today announced a net profit of KD 20.7 million for the first half of 2016, an increase of…