Abu Dhabi financial zone to offer zero-tax environment for 50 years
Abu Dhabi Global Market, a financial free zone, has issued draft financial services rules, which includes the financial services and…
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CBI appoints new Head of Islamic Banking
Commercial Bank International (CBI) has announced the appointment of Mamoon Abdel Kader as its new Head of Islamic Banking. Mark…
Public perception of Israeli banks is not accurate
Governor of the Bank of Israel Karnit Flug says Israeli banks' profits are not excessive. "I know that some…
Oman's Bank Sohar, Bank Dhofar plan due diligence on proposed merger
Oman's Bank Sohar and Bank Dhofar have entered into a non-binding agreement on a proposed merger, the two lenders said…
Islamic Management and Governance Centre to be set up in Dubai
The Department of Economic Development in Dubai and the Institute of Corporate Governance Hawkamah, a subsidiary of the Dubai International…
Qatar Islamic Bank raises 2 billion riyals with Tier 1 sukuk
The sale was completed on Tuesday and was in accordance with Basel III banking rules,it said in a statement to…
EY promotes 753 new partners worldwide
EY today announced the promotion of 753 of its people to partner, its largest increase since 2008 and a 12%…
New Era For Bahrain’s Investcorp Bank
Investcorp Bank, the Bahrain money manager whose founder is stepping down after three decades, is planning to rebuild its hedge…
Egyptian Takaful Non-life eyes opening New Branch in Eastern Cairo
The new branch is probably to be in Maadi or 6th of October City, Arfeen added. He asserted that…
Dubai Land Department: No Increase in Real Estate Registration Fees
Dubai Land Department has confirmed that real estate registration fees that are currently set at 4% will not be increased.…
Kazakhstan introduces changes to obligatory insurance and Islamic finance laws
The purpose of the law is to introduce a system of obligatory insurance for employees, to create favorable conditions for…
Global law firm builds Middle East presence
Global law firm Shearman & Sterling, active in the Middle East for over 50 years, has established an on-the-ground…