Ziraat To Found Own Participation Bank
Turkey's state-owned Ziraat Bank terminated the negotiations with Bank Asya, an Islamic lender known for its close ties with the…
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BLME Holdings report net profit before tax of GBP 5.1 million for H1 2014
The Group increased its operating profit before impairment charges by 177 per cent in the first half of 2014. …
$99 million Arabic palace to be auctioned at Christie’s in Dubai
Auction giant Christie’s is to put a spectacular $99m Arabic palace on the market, as part of its aggressive expansion…
Islamic Development Bank approves $987 million for funding development projects
The funds approved by the IDB's Board of Executive Directors at a recent meeting include $176 million for Oman, $100…
4 Egyptian banks agree to raise Mobinil's loan to EGP1bn
National Bank of Egypt ( NBE ), Industrial Development and Workers bank (IDWB), Egyptian Gulf Bank (EGB), Blom bank agreed…
bfinance strengthens its presence in the Middle East
bfinance, the independently owned investment consultancy, has added to its service and advisory capabilities in the Middle East, with the…
British Nationals Send Powerful Message to Property Investors Across the World
UK, India and Pakistan top Dubai real estate investor list for start of 2014 as countdown begins for 13th edition…
Dubai World Said to Agree Debt Deal With Main Creditors
Dubai World, the state-owned company at the center of the emirate’s 2009 financial crisis, reached a deal with its main…
Overseas Investors Line Up for London Office Buildings
Real-estate investors from Asia and the Middle East are lining up to bid for two of the most recognizable office…
Central bank asks banks to block cards on suspicion of data theft
The Central Bank of the UAE on Tuesday asked a few banks operating in the country to block the usage…
Dubai’s SWF to form investment alliance with Korea
Investment Corporation of Dubai (ICD), the Gulf emirate’s sovereign wealth fund, has signed a memorandum of understanding with the Export-Import…
Corpbank looks to Oman for restructuring
The majority owner of Bulgaria’s troubled Corporate Commercial Bank (Corpbank) said yesterday it was working with Oman’s sovereign wealth fund…