Debt trap in UAE: to repay or to run away?
If you are steeped in debt and are thinking of fleeing the UAE, think again. As simplistic as it…
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United Arab Bank – Financial Strength Rating is raised; other ratings are affirmed
CI also notes the UAB's loan-based liquidity ratios had improved at end 2013 and despite the worsening of key ratios…
Oman insurance regulations credit positive, says Moody’s
The draft Takaful law of Oman’s Capital Market Authority proposing companies wishing to operate as a Takaful entity in the…
UAE bourses merger shelved as terms not agreed
A planned merger of the Dubai Financial Market and the Abu Dhabi Securities Exchange (ADX) has been shelved for the…
Azzad Clients Expected to Donate a Record $3 Million to Charity this Ramadan
Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, announced today that it…
Meet the newest financial services firm to set up in Dubai
In the competitive world of private banking in the Middle East, George Azar is something of a veteran, having been…
Moody’s Shows Sharjah Coming of Age With Sukuk
As Dubai works toward its ambition of becoming the global capital of the burgeoning Islamic economy within three years, neighboring…
GIB launches Saudi retail banking service
Bahrain-based conventional wholesale institution Gulf International Bank has launched retail banking services in Saudi Arabia under the brandname, "Meem".…
KFH-Bahrain signs as BIC official bank partner
KFH-Bahrain has announced the signing of a strategic partnership agreement with the Bahrain International Circuit (BIC) to become its Official…
Qatar’s Islamic banks continue on growth path
Islamic banks in Qatar are gaining strength, with sharia-compliant lenders outperforming their conventional counterparts in many areas during 2013, despite…
Arab National Bank posts 400m net profit in H1
Arab National Bank (ANB) reported a net profit of 400 million for the first six months of 2014 compared to…
Al Madina moves to reduce debt to Boubyan Bank
In a statement to the local bourse, Kuwait-based Al Madina For Finance and Investment reported that it has agreed with…