Urgent need for training bankers in Islamic finance
With Islamic finance (IF) and Islamic financial products (IFP) growing popular worldwide, there is an urgent need for training bankers…
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Qatari Canary Wharf bid rejected
A bid to take ownership of Canary Wharf has been rejected by the current operator. Songbird Estates announced that…
Qatar in talks to fund UK high-speed rail development plan
Qatar is interested in investing billions of dollars in infrastructure around the north of England, the Financial Times reported on…
United Arab Bank signs agreement with Nationals' Defaulted Debts Settlement Fund
United Arab Bank the fastest growing bank in the UAE, has signed an agreement with the Nationals' Defaulted Debts Settlement…
SABB Wins the 'Best Cash Management Bank in Saudi Arabia' Award
The Saudi British Bank (SABB) has been recognized by Euromoney Magazine as "The Best Cash Management Provider in Saudi Arabia"…
Burgan Bank Group comments on Bank of Baghdad announcement of appointing Mr. Faisal Al Haimus as Chief Executive Officer
Burgan Bank Group, the regional commercial bank and the second largest commercial bank by Assets in Kuwait where it is…
NBK-Egypt reports EGP 273.5 million in net profits in the nine-month 2014, up 5.6 per cent y-o-y
As of end of September 2014, NBK-Egypt total assets increased by 29.4 per cent y-o-y to EGP 22.9 billion. Customers’…
Islamic finance body IIFM launches collateralised murabaha standard
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralised murabaha transactions, aiming to boost…
AUB named "Private Bank of the Year, Bahrain" by FT's Global Private Banking Awards
Ahli United Bank has been recognized as the "Private Bank of the Year -Bahrain" in the Global Private Banking Awards…
EIIB-Rasmala Announces Full Acquisition of Egyptian Asset Management Business
EIIB-Rasmala,a leading specialist asset management and financing group, has today announced its full acquisition of Rasmala Egypt Asset Management S.A.E…
Net Profits of Al Baraka Turk Participation Bank rise by 21 percent in first nine months of 2014
Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced that it had…
Bank of Beirut Branches Out To The Wave
The new Bank of Beirut Branch at The Walk an upmarket mall in The Wave, Muscat opened its doors on…