Barclays faces further regulatory scrutiny as it braces for US fine
Barclays has revealed that an investigation into the way it had raised cash from Middle Eastern investors during the…
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Ithmaar to convert Swiss unit into family office
Ithmaar Bank, a Bahrain-based Islamic retail institution, yesterday announced that it will convert the banking licence of its wholly-owned subsidiary,…
Qatar banks preparing for infrastructure boom
Qatari banks are bulking up to play a role in funding the country’s massive infrastructure expansion. But in a country…
Turkish Banks Go for Gold to Lure $302 Billion Hoard
Deniz Kalkan, a 32-year-old housewife in Istanbul, is ready to move her gold. “I’ll put these in a deposit account…
KFH wins Best Islamic Financial Institution in Kuwait award
The Kuwait Finance House has won by Global Finance magazine, the award of Best Islamic Financial Institution in Kuwait during…
Edelman Launches In Turkey
Edelman has formally launched a startup operation in Turkey, led by new hire Serra Türk Büyükfirat. Büyükfirat was…
Emirates NBD Asset Management appoints Senior Executive Officer
Emirates NBD Asset Management has appointed David Marshall as its new Senior Executive Officer. Marshall takes over from Deon Vernooy,…
Doha Bank eyes London share sale to boost capital-sources
Doha Bank, Qatar's fifth-largest bank by market value, is considering selling shares in London as part of a plan to…
IMF urges GCC states to rein in spending
Most Arab oil exporting countries in the Gulf should plan to reduce growth in government spending to make their…
Mashreq profits soar 85% in third quarter
Mashreq almost doubled profits in the third quarter as it notched up a year of steadily improving quarterly earnings…
Abu Dhabi Islamic Bank Eyes Sukuk Sale
Abu Dhabi Islamic Bank is planning to boost its capital through the sale of a sharia-compliant debt instrument, in…
Bank Sarasin-Alpen only private bank recognized by Arabia CSR awards
Bank Sarasin-Alpen (ME) Limited, Dubai was the winner of the Arabia CSR Award 2012 in the small organisation category…