2014 to be toughest year for Turkish banks: Garanti CEO
A tough year lies ahead for Turkish lenders because of the challenges expected to erupt with the U.S. Fed’s plan…
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KPMG signs agreement to draft Al Raffd Fund strategy, policies
Al Raffd Fund and consultancy firm KPMG signed an agreement on Wednesday to draft policies and regulations of the fund…
Bank Hapoalim chairman: 2013 beat forecasts
Bank Hapoalim chairman Yair Seroussi was asked this morning by “IDF Radio" (Galei Zahal) how he summed up 2013. He…
Qatar’s international reserves may scale up to $485bn by 2017
Qatar’s international reserves are likely to scale up to $485bn by 2017 even as the country continues to “build large…
Will The Islamic Finance Industry Witness A Scandal In 2014?
The Enron scandal, exposed in October 2001, eventually led to the bankruptcy of one of the largest American energy companies…
Dubai keen to become Islamic economy capital
Dubai's proposed Islamic Economy Development Center is expected to advance the emirate's seven-pillared strategy to establish itself the capital of…
Kazakhstan signs the Convention on Mutual Administrative Assistance in Tax Matters
Kazakhstan has become the 64th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, the most powerful…
Largest Islamic Bank in the UAE wins three Islamic Business & Finance Awards
Dubai Islamic Bank, the largest Islamic Bank in the UAE, has been named the 'Best Corporate Bank' at the 2013…
European Islamic Investment Bank Ups Holding In Subsidiary Rasmala To 76.3%
European Islamic Investment Bank PLC said Monday that it is increasing its shareholding in its subsidiary Rasmala Holdings Ltd from…
Ajman Bank, Meydan in strategic tie-up
Ajman Bank, a leading Islamic financial services institution, has entered into a strategic agreement with Meydan Sobha Group to provide…
Fitch Upgrades Arab Banking Corporation's Credit Ratings
The international credit rating agency Fitch Ratings has recently upgraded Arab Banking Corporation 's ( ABC ) Long-Term Issuer Default…
KSCC : Global Announces its Nine Months 2013 Financial Results
KSCC Global reported a net profit of KWD6.153 million (KWD0.008 per share) in the nine months period ending 30 September…