Mohammed’s initiative to spark sukuk boom
A landmark announcement by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and…
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Morgan Stanley Middle East Equity Chief Joins Dubai Boutique HK
Morgan Stanley’s head of Middle East equity sales and trading, Fahmi Alghussein, left to join Dubai- based HK Advisory Services…
ABC Islamic Bank posts $8m profit
Bahrain-based Arab Banking Corporation's subsidiary ABC Islamic Bank yesterday announced a net profit of $8.3 million for last year, compared…
Abu Dhabi bourse to list big private firms to lure investors
The Abu Dhabi stock exchange is looking to list some of the emirate’s large private companies to help boost liquidity…
Qatar hires UBS for possible $3bn VTB deal
VTB is working on a capital increase with Citigroup to bolster its capital base. "Talks are very advanced", one of…
Credit Suisse Saudi Arabia Equities Analyst Said to Leave
William Mejia, who worked as a Dubai-based equities analyst at Credit Suisse Group AG, has left the bank, according to…
ADIB redefines Islamic Banking as Ethical Banking at '12th Euromoney Islamic Finance Summit'
Abu Dhabi Islamic Bank, a top-tier Islamic financial institution, made the case for the viability of Islamic finance as an…
Oman's Bank Muscat hit by $39m prepaid card fraud
Bank Muscat, Oman's largest lender, will take an impairment charge of up to OMR15m (US$39m) after a small number of…
Chinese Bank ICBC ME Posts 69% Rise In 2012 Profit
The Middle East unit of the world’s largest lending bank, Industrial and Commercial Bank of China, announced that its 2012…
Emirates NBD Bank PJSC Rolls Out Advent to Singapore Operations
Advent Software today announced that Emirates NBD Bank PJSC, one of the largest banking groups in the Middle East, has…
Global Businesses Look to 2013 with Renewed Confidence – FTI Consulting
Global business leaders have entered the New Year feeling surprisingly confident about future growth prospects, according to the latest research…
Egypt regulator approves Qatar bank's offer for NSGB
Egypt's financial regulatory authority has approved an offer by Qatar National Bank to buy 100 percent of National Societe Generale…