Gulfmena CEO and founder resigns as company shifts focus
Gulfmena Investments has announced the resignation of its chief executive and founder Haissam Arabi as it pursues a new strategy,…
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Emirates NBD Fourth-Quarter Profit Surges; Beats Estimates
Emirates NBD’s fourth-quarter profit quadrupled, beating analyst estimates, as loan-loss charges at the biggest United Arab Emirates bank fell and…
Tamweel completes repayment of $300m Sukuk
Tamweel PJSC, the UAE Islamic home finance provider, announced that it has repaid in full a $300m five-year Sukuk, which…
Cobbetts' Saudi alliance firm in the dark over deal's future
Cobbetts’ Saudi Arabian alliance partner has been left in limbo following the Manchester firm’s decision to file notice to appoint…
UANI Calls on London Bullion Market Association and Istanbul Gold Exchange to Take Action to Stop Iran’s Trade for Turkish Gold
On Wednesday, United Against Nuclear Iran launched its Turkey gold campaign, and called on both the London Bullion Market Association…
FSA and SFO probe Barclays over Qatar loan – FT
The Financial Services Authority and Serious Fraud Office are looking into an allegation that Barclays loaned Qatar money to invest…
Saudi Re returns to profit in 2012
Saudi Re posted a net profit of SAR8.98 million (US$2.67 million) after zakat and tax for the year ended 31…
Al Hilal Bank's 'Qibla Card' recognized at Global Islamic Finance Award
Al Hilal Bank, a progressive Islamic bank, notched another major victory by winning the coveted 'Most Innovative Product' award for…
Abu Dhabi Commercial Bank Q4 profit jumps 32 pct, beats estimates
Abu Dhabi Commercial Bank reported a 32-percent jump in quarterly net profit on Wednesday, beating analysts' expectations, as the bank…
KPMG survey shows executives worried about cyber security and risk
High level directors at numerous corporations around the world are concerned about the quality of information they receive about cyber…
DFM invites experts to counsel on its 'Standard for Issuing, Acquiring and Trading Sukuk'
It had been reported that Dubai Financial Market launched the draft of its 'Standard for Issuing, Acquiring, Trading Sukuk' on…
Emirates NBD signs MOU with South Korea's Woori Bank
Emirates NBD, the leading banking Group in the region, recently announced that it has signed a Memorandum of Understanding with…