Qatar’s rating affirmed by Capital Intelligence
Capital Intelligence, today announced that it has affirmed Qatar's Long-Term Foreign Currency and Local Currency Ratings of 'AA-' and its…
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Bahrain's Ahli United Bank says chairman resigns for personal reasons
Ahli United Bank, Bahrain's largest lender, has accepted the resignation of its chairman, who is stepping down for personal reasons,…
Dubai real estate market shows growth in 2014
The latest quarterly report issued by the real estate consultancy arm of Abu Dhabi Islamic Bank (ADIB) — MPM Properties…
QInvest launches sharia’a-compliant pan-European equity fund
QInvest has announced that it is launching a sharia’a-compliant European Equities fund in partnership with Pioneer Investments, a leading global…
Qatar's economy minister appointed chairman of stock exchange
Qatar's economy minister Sheikh Ahmed bin Jassim al-Thani has been appointed chairman of the Gulf state's stock exchange, the bourse…
Time to reminisce? ME investment bankers toast to their best year of fees since 2008
No wonder Middle Eastern bankers and brokers are looking happier these days. Business has been booming recently, albeit with the…
New Saudi leadership aims to diversify economy
Saudi Arabia’s new leadership will push forward efforts to diversify the growing but oil-dependent economy, while easing procedures for investors,…
Jurys Inn sold to US investors for £680m
US investors have agreed a £680m deal for the Jurys Inn hotel group. The business, which has four hotels in…
RakBank – AED 1,454 million net profit, a 1.3 per cent increase
RAKBANK today announced AED 1,454.6 million in net profit for the year 2014. Operating profit before provisions increased by 15.7…
NBAD publishes Global Investment Outlook for 2015
The National Bank of Abu Dhabi (NBAD), the safest bank in the Middle East and the Emerging Markets, has today…
Net Profit Up 6.2 Percent To KD 37.6 Mn
Al Ahli Bank of Kuwait achieved KD 82.5 million operating profits and KD 37.6 million net profits for the financial…
Bahrain Islamic Bank Wins 2014 IFM Award for 'Best Islamic Bank, Bahrain'
London-based International Finance Magazine has conferred the 2014 award for 'Best Islamic Bank' in Bahrain to Bahrain Islamic bank. …