Islamic finance holds promise for Dubai
Increasing consumer awareness and growing demand for retail products are set to drive activity in Dubai’s Islamic financial services (IFS)…
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SHUAA Capital Saudi Arabia hotel projects near completion
SHUAA Capital Saudi Arabia has announced that two of its principle hotel projects in Saudi Arabia, the Centro Shaheen by…
Mena cross-border M&A up by 40% in third quarter
Combined outbound and inbound deal activity in the Middle East and North Africa region showed an increase of 40 per…
Changing dynamics are challenging for GCC banks amid slowdown fear
International Monetary Fund chief Christine Lagarde in Doha on November 8 said that overall growth in the GCC (Gulf Cooperation…
Accused Mastermind of J.P. Morgan Hack a Product of Israel’s Internet Underbelly
To many in Tel Aviv’s thriving tech community, Gery Shalon appeared to be one of its most prosperous entrepreneurs. …
QInvest named Sukuk Manager of the Year
QInvest has announced that it has been selected as ‘Sukuk Manager of the Year’ by Global Investor/ISF. Global Investor/ISF…
Investment opportunities face challenges due to current global economic outlook: HC
HC Securities and Investment predicts a decline in the current account balance to 4.7% of GDP in fiscal year 2015/2016…
NBE, Banque Misr collect EGP 45.4bn in 10 days from certificates
The National Bank of Egypt and Banque Misr succeeded in collecting more than EGP 45.4bn through the 12.5% interest certificate…
Iran banks unprepared for post-sanctions world
Iran knows full well that the end of international sanctions will only translate to more foreign trade and investment if…
Dentons advises National Bank of Oman on its issuance of US$300 million Perpetual Tier 1 Capital Securities
Dentons has advised National Bank of Oman (NBO) on its issuance of US$300 million Perpetual Tier 1 Capital Securities, which…
StanChart Oman to discontinue retail banking products, services
StanChart Oman to discontinue retail banking products, services Standard Chartered Bank has decided to close its retail banking business…
HSBC cuts 150 jobs in the UAE
HSBC Middle East has cut more than 150 jobs from its UAE banking operations as part of its global cost…