Next stop for the yuan's global journey: Canada, Middle East
Even as China quickly expands the use of its currency to financial hubs in Asia and Europe this year,…
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Bank Muscat posts OMR 126.73 million profit for 9M 2014
Bank Muscat has announced the Q3 financial results, approved by the board of directors. The bank posted a net…
Arab Banking Corporation announces 11 per cent increase in 9M 2014 net profit to $197 Million
Arab Banking Corporation today announced that its consolidated Group net profit for the first nine months of 2014 was $197…
Commercial Bank of Qatar increases profit for nine months by 19 per cent
Commercial Bank of Qatar and its subsidiaries and associates announced a net profit of QAR 1,553 million for the first…
Middle East Sovereigns Accelerate Push To Alternatives
Every Middle Eastern sovereign wealth fund plans to increase its exposure to real estate in the year ahead and most…
Emirates NBD AM assets double in 2 years
Dubai-based Emirates NBD Asset Management (Emirates NBD AM) said assets under management (AuM) have doubled in nearly two years to…
Islamic finance seen to drive SME growth & Islamic trade
In an insightful, often self-critical and highly optimistic debate on the role of Islamic finance in enabling trade, high ranking…
Middle East investors behind $1bn US project
Middle East investors are among those behind a new $1bn plus mixed-use retail project being developed in Los Angeles, which…
Bank of Sharjah reports Dh272m nine-month net profit
Bank of Sharjah on Thursday reported a net profit of Dh272 million for the first nine months of 2014 up…
Islamic banking on the rise
The international financial crisis of 2008 constituted a historic chance for the Islamic financial sector to prove its worth and…
Morgan Stanley appoints Tevfik Aksoy country head for Turkey
Morgan Stanley said it appointed Tevfik Aksoy the country head for Turkey. Tevfik was previously head of Central and…
JPMorgan expands endowments & foundations group
JPMorgan has appointed managing director Kris Jonsson and executive director Sandeep Bhamra to newly created roles as client advisors…