GFH signs MOU with NASDAQ Dubai to list $200 million Sukuk
GFH plans to use the proceeds from the Sukuk to repay current outstanding Sukuk of $84 million and undertake business…
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Kuwait's Gatehouse looks to broaden Islamic revenue streams
London-based Gatehouse Bank, a subsidiary of Kuwaiti firm Securities House, is developing new business lines and widening its investor base…
Profits of Turkey's Islamic Bank Asya hit by political feud
Turkish Islamic lender Bank Asya said its second-quarter net profit slumped 81 percent to 10.6 million lira ($4.9 million), as…
Turkey’s Top Aide Seeks Limits to Influence of Foreign Banks
Turkey needs to strengthen control of its banks and limit foreign ownership, Prime Minister Recep Tayyip Erdogan’s chief economic adviser…
Standard Chartered points to rising competition as margins tighten
Competition in the country’s banking sector is intensifying, particularly when it comes to trade finance, according to the UAE chief…
HSBC Bank Oman claims two awards
Supporting the Bank's vision to become the leading financial institution in the Sultanate, HSBC Bank Oman S.A.O.G. recently won the…
Bridging the Gulf
From private trust companies and market listings to Sharia compliance and property structures, the Channel Islands are mining a rich…
Abu Dhabi’s Al Jaber Said to Hire Barclays for Unit Sale
Al Jaber Group, a family-owned Abu Dhabi company which restructured its debt in June, is planning a sale of its…
Bahrain's Al Baraka State-backed Royal Bank of Scotland is preparing to offload the international arm of its private bank
Bahrain's Al Baraka State-backed Royal Bank of Scotland is preparing to offload the international arm of its private bank, separating…
ABG, WB form partnership in Islamic banking
Al Baraka Banking Group (ABG) on Sunday announced its collaboration with the World Bank (WB) to begin a research partnership…
International General Insurance announces net profits of USD18.5m for 1st half, 2014.
International General Insurance Holdings Limited has reported earnings for the 1st half, 2014 financial year. The Group announced net…
UAE banking sector posts 23% growth in Q2 2014
The net income of major UAE banks exceeded analyst expectations in the second quarter as the country's economy continues to…