Gulf Finance House statement on proposed capital reduction
The Bahrain-based Islamic investment bank said that the accumulated losses to be eliminated will not impact the net shareholders’ equity…
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Kuwait Finance House wins 3 distinguished awards
EMEA Finance grants Kuwait Finance House 3 distinguished awards: Best Islamic bank in the Middle East, Best Islamic bank…
Abu Dhabi Islamic Bank in the hunt for Citi’s Egypt operations
Abu Dhabi Islamic Bank said it has been shortlisted as a buyer for Citigroup’s Egypt retail business in what is…
Alkhabeer Capital's net profit increases by 32% in 2014
Alkhabeer Capital has announced its financial results for the fiscal year ended December 31, 2014. Net income for 2014…
'Remuneration requirements for banks – a global comparative analysis' – Norton Rose Fulbright
Global legal practice Norton Rose Fulbright has today published its global comparative analysis on remuneration requirements for banks, covering 14 jurisdictions.…
Bahrain's GFH proposes capital cut, no dividend for 2014
Bahrain's Gulf Finance House said on Sunday that its shareholders would consider a capital reduction at an annual meeting this…
Turkish Central Bank’s credibility must be increased: finance minister
The Turkish Central Bank's hand must be strengthened by increasing its credibility, Finance Minister Mehmet Simsek said on Saturday. …
‘Global crises boost case for private banking’ – Michael Benz, Standard Chartered
Geopolitical uncertainties strongly underline the case for private banking, especially in countries like Qatar, which have many millionaire households, according…
Three Omani organisations plan sukuk issue
At least three Omani organisations, including the government, are planning to float sukuk or Islamic debt instruments this year, which…
Bitcoin and The Middle East
Bitcoin has been making steady progress throughout the West and Europe. It has made a stunningly fast impact on China,…
Saudi Arabia, Kuwait, UAE pledge USD 12bn at EEDC
Saudi Arabia, the United Arab of Emirates, and Kuwait have each pledged 4 USD billion of investments to back the…
Poll reveals big Dubai property moves
The majority of Indians living in Dubai are planning to buy an apartment rather than a villa or townhouse, reveals…