IT Spending in Banking: A Global Perspective
Total bank IT spending across North America, Europe, and Asia-Pacific will grow to US$179.2 billion in 2013, an increase of…
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Abu Dhabi Capital opens DIFC office
Abu Dhabi Capital Management, a GCC-focused alternative investment firm, opened its first office in the Dubai International Financial Centre, and…
Kuwait- Boubyan Bank Reports KD 10 Mln Net Profit In 2012
Boubyan Bank announced a net profit of KD 10 million, growing by 25% compared to year 2011 at earnings per…
Abu Dhabi’s two biggest property firms merge to create firm with US$15bil in assets
Abu Dhabi's two biggest property firms, Aldar Properties and Sorouh Real Estate, have agreed on a state-backed, all-share merger that…
Dubai to issue 10-year dollar sukuk
The Government of Dubai has picked five banks to arrange a benchmark-sized, dollar-denominated Islamic bond, or sukuk, which could price…
Tamweel net profit drops 29%
Posts Dh72 million profit in 2012 due to higher provisions Tamweel , the UAE Islamic home finance provider, net profit…
Kuwait's NBK reports full-year profit up 1%
National Bank of Kuwait, the Gulf state's largest lender, said full year profit increased about 1 percent, even though the…
DIFC delivers robust performance in 2012
Dubai International Financial Centre delivered a robust performance across all areas of the business in 2012 in spite of global…
Abu Dhabi’s Aldar to Buy Sorouh in $1.5 Billion Deal
Aldar Properties PJSC agreed to buy Sorouh Real Estate PJSC in a 5.5 billion-dirham ($1.5 billion) deal that would create…
National Bank of Oman Q4 profit jumps 48pc
National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a 47.8 percent rise jump in fourth-quarter net…
JP Morgan hires ex-UBS banker as global Islamic head
J P Morgan has announced the appointment of Hussein Hassan as global head of its Islamic Finance practice. Hassan will…
Dubai shifts Amlak's DIFC cases to special committee
Dubai's ruler has ordered the transfer of all legal action in the Dubai International Financial Centre courts involving Amlak Finance,…