Top China bank wins Saudi licence
Saudi Arabia has decided to let Industrial and Commercial Bank of China (ICBC) open a branch in the country, a…
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UAE fund rules seen as ‘natural evolutionary development’
A growing understanding of what the recently-unveiled, proposed regulations aimed at tightening up the oversight of the United Arab Emirates'…
Qatar National Bank signs $1.8 bln loan – statement
Qatar National Bank, the Gulf Arab state's largest lender, signed a $1.8-billion three-year loan after completing a syndication process orchestrated…
MENA venture capital activity rises 28 per cent
Venture capital activity in the Middle East and North Africa (MENA) increased by 28 per cent in 2011 as countries…
BLME Celebrates 5 Years of Trust, Integrity and Ethical Banking
Bank of London and The Middle East ("BLME"), the largest fully Islamic bank in Europe,has celebratedits fifth anniversary of receiving…
Number of Turkish Millionaires Surpass 50,000, Vatan Reports
The number of millionaires in Turkey increased by 7,931 to 50,844 over the past year, Vatan reported, citing data from…
Clifford Chance advises on Saudi Binladin Group short-term sukuk
Clifford Chance LLP and Al-Jadaan & Partners have advised HSBC Saudi Arabia Limited on the issuance by SBG Sukuk Limited…
Bahrain National Holding H1 profit tops $2.4m
Bahrain National Holding Company has announced a group net profit of $2.4 million for the first half compared with BD1.66…
Global Organisations Unaware Of Their Online Risk Exposure
Many global organisations can do a lot more to protect their private data and reduce exposure to attacks by hackers,…
Oman's Al Izz Islamic Bank plans $104m IPO
Al Izz Islamic Bank, the second sharia-compliant lender being formed in Oman, plans to float 40 percent of its shares…
Commercial Bank of Kuwait Q2 net profit drops 5.4 pct
Commercial Bank of Kuwait announced, on Wednesday, a net profit of KD 0.451 million in the first half of…
ADIB Community Banking To Serve Non-Profit Organisations
Abu Dhabi Islamic Bank has announced the launch of ADIB Community Banking to address the banking requirements of non-profit…