QIB participates with $50m in syndicated facility to SMG
Qatar Islamic Bank, participated in a Shariah Compliant Syndicated Finance Facility for Stanford Asia Holding Company, a subsidiary of Stanford…
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Jordan's first sovereign issue of sukuk coming up soon
Jordan will soon launch its first sovereign issue of Islamic bonds, sukuk, to finance real estate projects, Finance Minister Umayya…
Bahrain wants more Indian banks to play role of ‘investment houses’
Eyeing higher Indian investment in the financial services sector, Bahrain expects more Indian banks to start operations in the Kingdom,…
Former Ipic managing director Al Qubaisi exits chairman’s post at Austria’s Borealis
Khadem Al Qubaisi’s exit from his executive management positions is nearly complete. Yesterday the Austrian plastics maker Borealis said…
Emirates Development Bank launches in Abu Dhabi
The Emirates Development Bank officially launched its operations in the UAE on Tuesday. The ceremony marking the launch was held…
GTB move at Deutsche Bank
Sébastien Avot, currently director in the distribution and trading Emea team for Deutsche Bank’s global transaction banking division will move…
Iran and the Islamic Finance Crown
Iran is one of the pioneers of Islamic finance. In 1983, four years after the revolution led by Ayatollah Khomeini…
Turkey election fallout poses questions for Islamic finance push
President Recep Tayyip Erdogan’s plans to nurture Islamic banking in Turkey may have an uncertain future. Less than two…
Noor Bank closes Dh1.2b Islamic syndicated loan
Noor Bank has closed an Dh1.2 billion Islamic syndicated loan for offshore vessel operator Stanford Asia Holding Company (‘Stanford’), a…
Largest law firm in the Middle East expands partnership
Al Tamimi & Company, the largest law firm in the Middle East, has confirmed the appointment of four lawyers to…
HSBC is no longer the world’s local bank
The world’s local bank just unveiled its new strategic review to the universe. HSBC will slash 50,000 jobs worldwide in…
Abu Dhabi’s financial hub to accept tenants from today
Abu Dhabi Global Market, or ADGM, nation’s second tax-free financial zone, will begin accepting licence applications from today from existing…