Bahrain Islamic Bank reports resignation of Dr Sherif Ayoub from Board
In a statement to Bahrain Bourse, Bahrain Islamic Bank (BIsB) said that Dr Sherif Ayoub, the representative of the Islamic…
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National Bank of Oman Q3 profit rises, beats forecasts
National Bank of Oman, the sultanate's second-largest lender by assets, reported a 13.7 percent rise in third-quarter net profit on…
Israeli household wealth grew 13% in year, among highest gains in world
The richest 1% of the world’s population has gotten richer over the past year and now controls more than 48%…
UAE wealth management sector set for increasing consolidation
The UAE’s wealth management sector is on track for increasing consolidation in the coming years, as a booming economy and…
$200bn worth of rail and metro projects planned in Middle East
The MENA region is experiencing an unprecedented spate of rail investment. From Africa’s first high-speed rail network in Morocco to…
GCC to lead growth in sukuk market
Global Islamic bond sales are expected to grow by 5 per cent this year, led by Arabian Gulf issuers amid…
PineBridge Investments Middle East makes senior appointments
PineBridge Investments Middle East B.S.C. (c), the regional arm of the leading global multi-asset-class investment manager, has appointed Ms. Sabah…
SHUAA Capital reports AED 26.2 million net profit in Q3 2014
The net profit attributable to shareholders for the third quarter was up six-fold and stood at AED 26.2 million compared…
Abu Dhabi Financial Group appoints new head
UAE-based Integrated Alternative Finance, a subsidiary of Abu Dhabi Financial Group, today announced the appointment of Fawad Tariq Khan as…
Bank Sohar awarded Business Excellence Award at BIZZ Awards 2014
Receiving yet another laurel for excellence, Bank Sohar received the ‘Business Excellence Award’ recognition respectively from the Texas based, World…
UAE government approves higher federal spending for 2015
The United Arab Emirates approved a draft federal budget of 49.1 billion dirhams ($13.4 billion) for 2015, almost half of…
Revealed: Why investment bankers heading to UAE
Investment bankers are heading to the UAE and the GCC because of an increase in the number of opportunities for…