Kuwaiti businessman Mustafa Boodai dies at 77
Kuwaiti business icon Mustafa Jassim Boodai passed away on Friday at the age of 77 after a life full of…
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GCC Economies to Withstand Fallout From US Financial Crisis
Arabian Gulf economies are well placed to weather the fallout from an American financial crisis if US authorities yet again…
Generali Redefines Regions, Adds Two
Italian insurer Generali has added Latin America and EMEA as regions as its redefines its geographical structure a move that…
Former Bank Hapoalim chairman pleads guilty to fraud
Former Bank Hapoalim chairman Danny Dankner struck a plea bargain with prosecutors on Thursday. Dankner pled guilty to fraud…
Islamic banks 'should issue perpetual sukuk'
Islamic banks have an incentive to issue perpetual sukuk with Basel III in the offing, a leading Islamic finance scholar…
The IMF Lays The Groundwork For Global Wealth Confiscation
The International Monetary Fund quietly dropped a bomb in its October Fiscal Monitor Report. Titled “Taxing Times,” the report…
UAE borrowers press to cut loan costs as economy accelerates, default risk drops
UAE companies, including real estate developer Tourism Development & Investment Co and holding group Al Ghurair, are seeking to cut…
Islamic Banks 'Should Issue Perpetual Sukuk'
Islamic banks have an incentive to issue perpetual sukuk with Basel III in the offing, a leading Islamic finance scholar…
Dubai Financial District Looks to ‘Astronomical’ Growth in Asia, Africa
The Dubai International Financial Center is eyeing ‘astronomical’ economic growth in South Asia and Africa as it embarks on a…
Sovereign wealth fund assets exceed $5 trillion
Sovereign wealth funds around the world have added more than $750 billion to their total assets under management since 2012.…
HSBC Bank Oman announces new Chairman
HSBC Bank Oman have announces the appointment of David Eldon as Chairman of the Bank following a recent meeting of…
Saudi banks joining HSBC in sukuk issuance boom
Saudi Arabian banks are climbing the rankings in arranging Gulf Islamic bond deals this year, profiting from a growing pipeline…