Did Barclays PLC Take an Illegal Route During 2008 Crisis?
Barclays PLC has been recently accused of secretly paying investors in Qatar, around £346 million to ensure their participation, in…
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Government adopts new financial instruments to implement national projects, including Sukuk
Egypt is currently experiencing unprecedented activity for the advancement of the economy, Prime Minister Sherif Ismail said during the launch…
Turkey could become interest-free financial hub, Al Baraka Banking CEO says
Adnan Ahmed Yousif, the head of Al Baraka Banking Group, one of the foremost experts in retail, corporate and investment…
Bank Muscat says opening Iran office
Bank Muscat, Oman's largest lender by market value, is opening a representative office in Iran, the bank said on Thursday,…
Kuwait’s credit growth exceeds expectations – NBK ECONOMIC REPORT
Credit growth exceeded most expectations as it ended 2015 at 8% thanks to a strong December gain. Total credit…
Emirates NBD launches global challenge for fintech startups
Middle East banking powerhouse Emirates NBD is inviting fintech startups from around the world to take part in a competition…
Oman talking to banks ahead of potential dollar bond in Q2 – sources
The government of Oman is in talks with banks about a sovereign dollar bond issue, sources aware of the matter…
Bahrain denounces 'unwarranted' ratings downgrade
Bahrain’s banking regulator has strongly criticised ratings agency Standard & Poor’s downgrade of Bahrain. Central Bank of Bahrain Governor…
Nigeria welcomes Islamic Bank infrastructure financing offer
President Muhammadu Buhari Thursday in Mecca welcomed an offer by the Islamic Development Bank, IDB, to organize a financing round-table…
Charles River Wins 2nd Consecutive "Best Portfolio Management Software Provider" at MENA FM Fund Services Awards 2016
Charles River announced that for the second consecutive year it was named "Best Portfolio Management Software Provider" at the MENA…
5th Euromoney GCC Financial Forum kicks off
The 5th Euromoney GCC Financial Forum, co-hosted by Bahrain Economic Development Board kicked off today on a high note in…
Qatar's Masraf Al Rayan sees 8-10 pct profit growth in 2016 – chairman
Qatar's largest sharia-compliant bank Masraf Al Rayan is expected to post annual profit growth of between 8 and 10 percent…