Housing allowances in the UAE up roughly 4% in 2016
Companies in the United Arab Emirates have increased allowance and benefits allocations this year, although the growth is slower than…
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The world’s 10 biggest sovereign wealth funds
In the midst of collapsing oil prices, oil-funded sovereign wealth funds are under pressure to liquidate assets, according to political…
Banque Saudi Fransi posts 3.2 pct rise in Q2 profit
Banque Saudi Fransi, a lender part-owned by Credit Agricole, posted a 3.2 percent rise in its second-quarter net profit on…
GIB Capital appoints new CEO
Mr. Shaker comes with substantial banking experience in both international and domestic financial institutions within the Kingdom of Saudi Arabia. …
Qatar Re announces senior appointments
These appointments further strengthen Qatar Re’s risk and corporate governance and oversight while also enhancing its internal systems, processes and…
Whistlebrook to provide Qatar Islamic Bank UK with regulatory reporting software
Qatar Islamic Bank UK has chosen Whistlebrook’s WIRES regulatory reporting system to replace its existing one. Ludwig Krause, interim…
Turkish Capital Markets Board decreases fees for equity and debt issuances
Recent development The Turkish Capital Markets Board (the "CMB") has decided to implement a 50% discount on fees charged…
Dhabi Global Market signs agreement with Shanghai free zone
Abu Dhabi Global Market, the UAE capital’s financial free zone, has signed a deal with the Shanghai authorities to encourage…
Independent Investments Firm ‘First’ for DIFC
Global financial services firm AES International is the first independent, evidence-based investment advisory firm approved by ‘gold standard’ regulator The…
Societe Generale awarded Best Islamic Finance Deal of the Year accolade for Jazan Air Separation for Jazan Air Separation Unit financing
Societe Generale has been recognised in The Banker Deal of the Year 2016 awards for its role in the $1.75…
Politics of Islamic finance in Turkey
FOR over three decades successive Turkish governments did not dare speak its name for fear of being branded radical or…
Turkey to introduce a new Tax Draft Law to improve the investment environment
Recent Development In an effort to turn Turkey into an attractive investment center, the government prepared a comprehensive draft…