World's most luxurious superyachts coming to the Gulf
Nineteen superyachts including the largest boat in the history of the Dubai International Boat Show will be on display among…
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Qatar Investment Authority targets Limassol
The Qatar Investment Authority has shown interest into investing in property in the Limassol area, said Christodoulos Angastiniotis, head of…
Denmark's largest bank blacklists Israel's Hapoalim over settlement construction
Denmark's largest bank decided to blacklist Bank Hapoalim because of its involvement in the funding of settlement construction. Danske…
UAE banks are immune to real estate crisis: Sultan bin Nassir Al Suwaidi
Governor says rules on new capital requirements for banks to be enforced in Q1 UAE banks are unlikely to…
IMF warns on Dubai real estate bubble
If the various mega projects announced by Dubai are not implemented prudently, they could result in a real estate bubble,…
Saudi lender NCB plans capital-boosting local sukuk sale
Saudi Arabia's largest lender, National Commercial Bank, has picked four banks to arrange a local currency sukuk that will boost…
Russian AK BARS Bank attracts Shariah-compliant investments
A syndicate of 11 banks from the Gulf countries and the Middle East has signed a murabaha agreement with the…
DFM net profit soars to $77m
Dubai Financial Market has posted a net profit of Dh284.6 million ($77.5 million) for 2013, as compared to Dh35.2 million…
Dubai Islamic Bank Q4 Net Profit Up 66.2%
Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, posted a 66.2 per cent jump in fourth-quarter net profit,…
Abu Dhabi's First Gulf Bank Q4 net profit up 19 pct
Abu Dhabi's First Gulf Bank on Wednesday said its fourth-quarter net profit rose 19 percent aided by strong investment returns…
RAKBANK announces AED 1.43 billion in profit for 2013
Rakbank announced AED 1,430.8 million in net profit for 2013. In its first year, the Bank's Islamic Finance division -…
QIB to support Cyprus in preparation of framework for Islamic financial tools
Qatar Islamic Bank yesterday extended support to Cyprus in preparing a framework and legislation to introduce Islamic financial tools and…