Abu Dhabi’s NBAD Said To Sell Benchmark-Sized Dollar Bonds
National Bank of Abu Dhabi PJSC, the United Arab Emirates’ second-biggest bank by assets, may sell benchmark-sized seven-year dollar bonds,…
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Islamic trade finance ‘is lost in transaction’
Omar Ibn al-Khattab, ruler of a nascent Islamic empire in the seventh century, once convened a meeting in Madinah to…
Consultant submits draft law for Islamic takaful insurance
The UK-based law firm Clifford Chance, which was appointed by the Sultanate's insurance regulator Capital Market Authority (CMA), has submitted…
Middle East investor buys luxury London-based handbag firm
A Middle East investor has purchased the luxury London-based handbag company, Anya Hindmarch, a British newspaper reported Saturday. The…
Standard Chartered faces suspension over Iran transactions
Standard Chartered bank illegally "schemed" with Iran to launder as much as $250bn (£161bn) for nearly a decade, a US…
Global Asset Management Profit Margins at Risk – Research
Operating margins in the global asset management industry have recovered from their 2009 lows, at a median 32% in…
DIFC Authority appoints Nasdaq Dubai chief as new COO
Nasdaq Dubai announced that Jeff Singer has stepped down as Chief Executive after four successful years at the region's international…
The Investment Corporation of Dubai signs MoU with Banco Santander
In line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of…
Baker & McKenzie advises Bahrain on $1.5 billion bond
Baker & McKenzie recently acted for the Kingdom of Bahrain in relation to its $1. 5 billion bond issuance; the…
Ziraat Bank, Turkey, selects TCS BaNCS to power international banking operations
Tata Consultancy Services has announced that Ziraat Bank, Turkey, has selected the TCS BaNCS core banking platform for a multi-country…
Euro banking giant eyes MidEast opportunities
Santander, one of the world's biggest banking groups, is in talks to bring its financial services to the Middle East.…
Market stability a must for banking sector resurgence, BMI CEO
The markets have to maintain stability for the banking sector to become even more active, Bank Muscat International (BMI) Chief…