Khadem Al Qubaisi steps down as Aabar Properties chairman
Khadem Al Qubaisi has stepped down as chairman of the Abu Dhabi developer Aabar Properties, capping a week in which…
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Malaysia and Saudi facing Iran’s rising finance power
With the easing of economic sanctions against Iran, the country is expected to unleash its enormous potential of Islamic finance…
Dubai to slash business fines to enhance confidence among investors
The Government of Dubai announced on Tuesday that it would slash fines imposed on businesses in the emirate as part…
Some banks win, some lose in Dubai’s ‘Islamic economy’
Dubai’s drive to develop its Islamic finance sector is fueling growth of Shariah-compliant banking but the benefits are unevenly distributed,…
Saudi family agrees terms after biggest mideast default
Ahmad Hamad Algosaibi & Brothers Co. reached a deal with leading creditors to settle $5.9 billion of debt, taking the…
Emirates NBD Announces First Quarter 2015 Results
Emirates NBD, the largest bank in the UAE by Total Income and branch network, delivered a strong set of financial…
Al Gosaibis make offer to end long legal battle
The Al Gosaibi family of Saudi Arabia has offered a peace deal to Maan Al Sanea, their bitter enemy for…
Greater certainty about succession for non-Muslim residents of Dubai
Recent research has shown that the UK is the largest exporter of people in the EU, and the third largest…
DFSA Takes Action Against Hany Lotfy Awwad Abdelwahab
The Dubai Financial Services Authority has imposed a fine of USD 45,000 and a restriction, on Mr Hany Lotfy Awwad…
ABG and Six Subsidiary Banking Units Receive International Awards
The Bahrain based leading Islamic banking group Al Baraka Banking Group B.S.C. and six of its subsidiary banking units received…
Iran’s Middle East Bank Receiving Weekly Visits From Europeans
The head of Iran’s only wholly privately-owned bank said European investment funds are regularly visiting his Tehran offices to express…
FGB slips off profitability top spot as earnings miss target
The Abu Dhabi-based lender FGB said its first quarter net profit increased nearly 7 per cent, missing analyst estimates and…