Oman Insurance Company appoints new CEO
Oman Insurance Company has announced the appointment of Christos Adamantiadis as Chief Executive Office to replace Patrick Choffel who ends…
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Al Baraka Banking Group announces $69 million net profit for first quarter of 2015
The Bahrain based leading Islamic banking group, Al Baraka Banking Group BSC announced a net profit of $69 million for…
UAE firm sues Korea over taxation
A state-run United Arab Emirates (UAE) company and its Dutch subsidiary filed a request for arbitration Thursday, seeking compensation from…
Turkey’s Netlog to meet with potential investors soon over stake sale
Turkish logistics firm Netlog is looking to sell a stake to an investor to help to expand its business, which…
‘Islamic fund industry’ an alternative model of financial investment
Saudi Arabian mutual fund industry maintains the largest position in Middle East North Africa region in terms of asset under…
Court sentences bank directors to 7 years
The Criminal Court of Dubai on Tuesday sentenced a Lebanese woman, SA, Director of a bank and AA, an American…
Affordable housing to spark surge in institutional investors
The much-awaited introduction of mandatory affordable housing quotas for all new residential developments in Dubai is expected to bring a…
Dubai’s Emaar announces intention to float Egypt unit on Cairo bourse
Emaar Properties plans to float its Egyptian unit on Cairo’s stock market by the second half of June to fund…
United Finance says National Bank of Oman confirms M&A interest
Oman's United Finance said on Thursday that National Bank of Oman had confirmed interest in participating in a bidding process…
QInvest wins Global Leadership Award
QInvest has announced that the Bank was awarded the Global Leadership AwardforExcellence in the International Banking & Finance Sector at…
Has Africa found a new loan market in the Gulf?
A surge in the rise of the Gulf region as a loan market for Africa and Asia has become real…
Three Israeli banks report higher 1st quarter earnings
Bank Hapoalim, Israel Discount Bank and First International Bank beat analysts’ forecasts. Three of the country’s banks, including its largest…