QNB Group: The rise of the Chinese Renminbi is an opportunity for Qatar
China is opening up to the world and is promoting the wider global use of its currency, the Renminbi (RMB).…
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Dubai Chamber report highlights growing popularity of Islamic finance over conventional sector
As the emphasis on low risk product alternatives kept the sector insulated from the financial meltdown, Islamic banking products and…
GCC's Biggest Banking Technology Summit To Direct Major IT Spend
Over 400 C-level executives, IT experts, retail banking specialists and finance heads have confirmed to attend the region’s biggest banking…
NBAD appoints MD to expand services to energy and resources sector
The National Bank of Abu Dhabi has appointed Marc Mollema as the Managing Director and Global Head of Energy &…
CFA Institute recommends greater transparency in bank financial reporting
Banking industrys’ financial reporting requires greater transparency, according to a new study ‘Financial Crisis Insights on Bank Performance Reporting’ by…
UAE Islamic banking assets crossed $95b in 2013
The UAE is emerging as a serious player in the Islamic banking market with total Islamic banking assets growing to…
Abu Dhabi Islamic Bank Q2 Net Profit Jumps 22.6%
Abu Dhabi Islamic Bank, the largest sharia-compliant lender in the emirate, beat analysts’ estimates on Sunday as it posted a…
Mashreq wins Superbrands 2014
The annual tribute event by Superbrands was held recently at the Intercontinental Hotel in Dubai Festival City to honour UAE's…
Saudi King Appoints Al-Furaih as Deputy Central Bank Governor
Saudi Arabia’s King Abdullah appointed Abdulaziz al-Furaih as deputy governor of the kingdom’s Central bank, state-owned Saudi Press Agency reported,…
Oman Arab Bank’s Islamic banking arm completes one year
'Al yusr' Islamic banking from Oman Arab Bank organised an iftar banquet to mark the completion of one year since…
Prominence Of Sukuk In Turkey As An Islamic Finance Instrument
Turkey's first regulation for Islamic Finance was realized during the 1980s, during a period of liberalization as part of a…
Saudi banks look to new markets
Strong competition and tight margins are driving the kingdom’s lenders to explore new markets Saudi lenders will face increasing pressure…