More senior executives at Abu Dhabi bank FGB depart
First Gulf Bank's most senior investment banker and its head of global markets sales have both left their positions at…
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Weak economy to weigh on Islamic banks: S&P
Weak economic environment will negatively weigh on the financial performance of Islamic banks in the Gulf Cooperation Council countries in…
Arabian Gulf Islamic banks to weather the storm
The profitability of Islamic banks in the Arabian Gulf is likely to deteriorate this year and the next as the…
Islamic finance's strong position
When first conceptualised in the 1950s and 1960s, it was envisioned that Islamic banks would take the form of a…
Emirates Islamic launches ‘Scan to Pay’ innovation on mobile banking app
Commenting on the new service, Faisal Aqil, Deputy CEO, Consumer Wealth Management, Emirates Islamic said, “Innovation is a key element…
UAE growth 'will pick up in medium term'
Economic growth in the UAE is expected to moderate in 2016 amid low oil prices, but will pick up over…
Gulf bourses diverge; Saudi real estate shares hit by land tax
Shares in the Middle East were mixed on Monday as some stocks advanced on positive news while Saudi Arabia's real…
Banks need to rethink about changes and challenges, says KPMG
Banks need to rethink their approach when it comes to changes and challenges in their customer and business strategies, KPMG's…
QNB hackers' behind data breach at Sharjah bank
Hackers have leaked files online believed to contain data on thousands of customers of Sharjah-based Investbank UAE. The files…
IPOs 'sluggish' in 2016, but appetite remains
The IPO market in the GCC has been hit by oil price volatility and the global economic slowdown, remaining sluggish…
Kuwait's Boubyan Bank targets $250m sukuk sale
Kuwait's Boubyan Bank is aiming to sell $250 million in capital-boosting sukuk after releasing initial pricing thoughts for the issue,…
Qatar's Ahli Bank starts talks on $250 mln loan to refinance debt
Qatar's Ahli Bank has started talks to raise a $250 million three-year loan, banking sources told Reuters on Monday. …