Mideast banking fees grow by 20 pct in 2013
Investment banking fees in the Middle East grew 20 percent last year, data compiled by Thomson Reuters showed, as capital…
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Qatar Islamic Bank Q4 net more than triples, beats expectations
Qatar Islamic Bank, the Gulf state's largest sharia-compliant lender by assets, more than tripled its fourth-quarter net profit, beating analysts'…
Shariyah Review Bureau hired by Islamic Investment Bank
Saudia's leading investment banking and asset management firm Anfaal Capital, today announced the outsourcing of the Shari'a Supervisory function to…
Dubai ranked 23rd in Top 52 Places to Go in 2014 by New York Times
Dubai has been named one of the Top 52 Places to Go in 2014 by the New York Times. Ranked…
Island wealth managers target super-rich Asian families
Super-rich families in Asia, Latin America and the Middle East could be major targets for Bermuda’s wealth management industry, one…
FATCA will drive the change in global tax compliance framework
Foreign Account Tax Compliance Act provisions, which are getting implemented this year are the new US rules designed to discourage…
Billionaire Alwaleed’s Kingdom Holding Posts 10% Rise in Profit
Kingdom Holding Co., owned by Saudi billionaire Prince Alwaleed bin Talal, said fourth-quarter profit gained 10 percent as the value…
Meethaq wins special award for Islamic banking for 2013
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, won a special award for Outstanding Achievements in Islamic…
Flug nominates Canadian-born economist as Bank of Israel deputy governor
Appointment, subject to cabinet approval, would for first time put women in top two posts of Israel's central bank. …
Abdul Rahim named new Ithmaar CEO
Ithmaar Bank, a leading Bahrain-based Islamic retail lender, has appointed Ahmed Abdul Rahim as the new chief executive officer. …
Bank Muscat net profit surge by 9.3 per cent in 2013
The net profit for Bank Muscat surged by 9.3 per cent to 152.2 million rials (Dh1.4 billion) in 2013 against…
Dubai Group signs $10 billion debt restructuring deal
Dubai Group has signed a $10 billion debt restructuring deal, two sources with knowledge of the matter told Reuters, marking…