UAE bank results point to strengthening profitability and asset quality
Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of US$50.2 million for the six months ended 30th…
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5th Annual Middle East SME Forum to be supported by Abu Dhabi Chamber of Commerce
Supported by the Abu Dhabi Chamber of Commerce, the 5th Annual Middle East SME Forum will be sponsored by National…
New Issuances In Global Sukuk Record Strong Growth In 1H14
A newly released report “Global Sukuk Report 1H2014”, by Kuwait Finance House Research Limited (KFHR), analyses the developments and key…
Middle East companies face $91b in refinancing needs
Middle East investment grade companies face refinancing needs of about $91 billion (Dh334 billion) from bank and bond debt due…
Asset price recovery boosts profits of Islamic banks
Islamic banks operating in the UAE reported robust growth in assets and profits in the first half of this year…
Watania agrees to sell stake to Gulf investors
The Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Sunday its majority shareholders had agreed to sell stakes…
Foreign investors consulting Saudi wealth management funds on Kingdom’s stock market
Global financial institutions are consulting Saudi wealth management funds on the acquisition of potentially lucrative stocks listed on the Kingdom’s…
Investments in power, energy to help industries in Oman
Planned investments in power generation and distribution as well as upstream oil and gas along with its emphasis on increasing…
Commercial Bank To Provide Sharia-Compliant Products And Services
An increasing number of Kuwaiti lenders are moving away from traditional banking in a bid to tap into a booming…
Jordan: PM attends ceremony to launch Islamic finance bonds
Prime Minister Abdullah Ensour attended on Thursday a ceremony to launch Islamic Sukuk (finance bonds), organised by the national capital…
Abu Dhabi National Takaful Company H1 net profit down 24 per cent at AED 15 million
H.E. Khadem Al Qubaisi Chairman of Abu Dhabi National Takaful Company, said. “Despite of the fierce competition, Abu Dhabi National…
Qataris could make renewed bid for Sainsbury’s
Sainsbury’s is expected to soon be approached with a bid from Qatari investors as the UK’s biggest supermarkets comes under…