International banks pull back from SMEs in the Emirates
International banks are retreating from small business banking, leaving the market increasingly in the hands of local lenders. Standard…
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QFCRA proposes changes to banking investment management and advisory business
The QFC Regulatory Authority has released two consultation papers containing proposals that will strengthen and streamline the QFC Regulatory Authority’s…
Ithmaar Bank launches user-friendly website
Ithmaar Bank, a Bahrain-based Islamic retail bank, has announced upgrades to its website aimed at an improved user experience. …
Banker laundered money for minister?
Defendant says he was told by an Asian minister to open accounts in name of four women. A public…
Citi to expand in select business areas in the UAE
Global lender Citigroup said it continues to be an active player in the consumer banking and institutional business in the…
Dubai International Financial Centre to Issue Islamic Bond
The Dubai International Financial Centre, the emirate's main financial free zone, is planning to issue an Islamic bond worth around…
Alizz Islamic Bank's growth plans on track
As the bank will be soon marking its first year of operations, Alizz Islamic Bank's performance has been in line…
Bank Asya suspension mystifies investors amid Erdogan feud
Turkey’s stock exchange prolonged a freeze on Asya Katilim Bankasi AS’s shares, a day after it twice suspended trading in…
Where Gulf's ultra-rich can invest for long-term growth
KPMG report reveals misconceptions on the sides of both family members and high net worth individuals. Nearly 60 per…
Emirates NBD CEO Shayne Nelson On Dubai’s Boom
It’s late afternoon on a Thursday when I walk into the office of a man who arguably holds one of…
QFC Regulatory Authority issues proposals to strengthen the QFC Banking, Investment Management and Advisory regime
The QFC Regulatory Authority has released two consultation papers containing proposals that will strengthen and streamline the QFC Regulatory Authority's…
Qatar planning to set up first Islamic bank in Tajikistan
Qatar has expressed its willingness to set up an Islamic bank in Tajikistan, which would be the first Shariah-based financial…