Global Islamic banking assets to grow at 9.8%, DIEDC says
An era of double-digit expansion in Islamic banking assets is set to end as the low oil price and looming…
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Buyers from Gulf region showing increased interest in property in Turkey
Residential property sales in Turkey increased by 6.5% in August compared to the same month in 2014 and the country…
Islamic banks’ finances surge 78 per cent in Oman
Oman’s Islamic banks and window operations have shown a robust growth of 78 per cent in financing at OMR1,401.9 million…
Dubai second-best city for expat start-ups worldwide
The UAE is among top 10 countries globally for expats while Dubai is ranked second-best city in the world after…
DFSA warns of false investment bank named after an individual
The Dubai Financial Services Authority has alerted the financial services community and the public about a fraudulent scheme using false…
Qatar sovereign wealth fund suffers $12bn paper loss
Qatar’s sovereign wealth fund has had a quarter to forget — suffering as much as $12bn of losses on Volkswagen,…
'Abu Dhabi state fund may shun RHB rights issue'
Abu Dhabi state fund Aabar Investments may refuse to invest in a RM2.5 billion rights issue by RHB Capital in…
Market upheaval forcing many sovereign-wealth funds to adapt
As representatives of dozens of the world’s sovereign-wealth funds gather at Milan’s posh Hotel Principe di Savoia this week for…
National Bank of Fujairah expands presence in Abu Dhabi with new corporate banking office
National Bank of Fujairah PJSC announced the launch of its new corporate banking office in Abu Dhabi, bolstering its physical…
Dubai South Partners with CBRE and JLL to Boost Foreign Investment
Dubai South has announced the signing of strategic agreements with CBRE and JLL, two of the world's leading real estate…
Volkswagen scandal costs Qatar's sovereign wealth fund £3.3bn
The collapse in Volkswagen’s share price as a result of the widening emissions scandal has cost Qatar’s sovereign wealth fund…
UAE banks' assets climb 7%
UAE banks increased their balance sheets by seven per cent year-on-year to Dh2.431 trillion in August, latest data from the…