Bahrain's Al Baraka posts 23% rise in Q4 net profit
Bahrain's Al Baraka Banking Group reported a 23 percent increase in fourth-quarter net profit on Sunday, and said it would…
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Fitch backs Abu Dhabi financial policy with AA credit rating
Fitch Ratings has endorsed Abu Dhabi’s long-term foreign and internal banking International Depository Receipts with AA ratings and stable outlooks…
No plans for UAE income tax, minister confirms
The UAE’s Ministry of Finance has ruled out any plans to impose income taxes on individuals in the Gulf state,…
Qatar's Al Khaliji lifts foreign ownership cap to 49 pct ahead of MSCI
Qatar's Al Khaliji Commercial Bank said on Monday its shareholders had approved increasing the limit on the amount of stock…
Emirates Investment Bank appoints several senior roles
Emirates Investment Bank has announced a number of senior appointments. As Chief Finance Officer, Gaurav Agarwal will be responsible…
Advent Software Wins Two 2014 MENA Fund Manager Fund Services Awards
Advent Software has announced that it has been selected for the second straight year as the "Best Fund Accounting and…
Sovereign wealth funds are backing states
Caught in an emerging market storm, some resource-rich states may keep more windfall income in liquid assets, ready to aid…
Dubai's Nakheel says repays 2.35 bln dirhams of bank debt
Dubai developer Nakheel said on Sunday it has initiated early repayment of 2.35 billion dirhams of bank debts 18 months…
Kuwait's Burgan Bank Q4 net profit slumps
Kuwait's Burgan Bank reported a big drop in fourth-quarter net profit on Sunday, according to Reuters calculations, with its full-year…
How much money do UAE bankers make, and how does your salary compare?
Salaries for 2014 show 1.5 to 6% increase, depending on role. The financial services industry has continued its steady…
Triggered by the Netanyahu scandal? New 'revolutionary' bill leaves little option for tax evasion in Israel
A government bill has been submitted to the Knesset to amend the Income Tax Ordinance, adding a chapter on the…
QNB wins 6 prestigious Awards in Euromoney Private Banking & Wealth Management Survey
QNB, The World's Strongest Bank, has received a leading endorsement for its Private Banking capabilities and performance by winning no…