RQFII quota tipped for Dubai, Africa, LatAm
An expansion of China's renminbi qualified foreign institutional investor (RQFII) scheme this year will see the scheme expand to up…
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UAE’s NBAD CEO Declines Comment On Citigroup’s Egypt Consumer Unit
The chief executive of National Bank of Abu Dhabi declined to comment on Wednesday on whether his bank had bid…
Funds turning positive on Saudi as oil stabilises
Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to…
Bank Muscat raises awareness on corporate fraud
Bank Muscat in association with the Economic Crime Unit of the Criminal Enquires and Investigation Directorate of the Royal Oman…
Islamic banking: Now is a better time than ever for women to enter the industry, says head of investment firm
Stylishly dressed, confident in manner and authoritative in tone, it's hard to imagine Stella Cox ever had difficulty convincing her…
Tehran Investment Firm To Launch 1st Iranian ETF
A Tehran-based investment firm said Tuesday it plans to launch Iran's first exchange-traded fund modeled after the country's top stocks,…
CBB support for Morocco banking plan
A nine-member delegation comprising leading Sharia scholars from Morocco met Central Bank of Bahrain Governor Rasheed Al Maraj to learn…
ahlibank signs pact with Sezad to finance projects in Duqm
ahlibank and its Islamic counterpart 'Al Hilal Islamic Banking Services' have signed a memorandum of understanding (MoU) with the Special…
Shari’ah banking seeks path through Iraqi strife
For all the sectarian violence gripping Iraq, Shari’ah-compliant banks operating in the nation see opportunities for growth. Elaf Islamic…
Kuwait's Zain said to work with Citigroup on tower sale
Mobile Telecommunications Co., known as Zain, is seeking to sell about 8,000 towers in Kuwait and Saudi Arabia, the people…
Kuwait freezes assets of former AUB chairman
Kuwaiti authorities have reportedly issued orders to freeze the property and assets of the former head of a Bahraini bank.…
Qatar Insurance Company (QIC) reports record net profit of $275 million
The Group has grown its asset base to $4.4 billion from $3.2 billion in 2013, while maintaining robust levels of…