UK to crackdown on tax dodging Gulf-based landlords
The UK is clamping down on Gulf landlords who have bought properties in Britain and have not declared the rental…
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DIFC grew by 7% in 2011
The Dubai International Financial Centre (DIFC), the financial and business hub connecting the region's emerging markets with the developed…
Bank Hapoalim closing Singapore branch
Five years after launching its Singapore branch with great fanfare, Bank Hapoalim is about to close it. The bank announced…
Adib names new head of Wholesale Banking
Abu Dhabi Islamic Bank (Adib), a top-tier Islamic financial services institution, has appointed Arif Usmani as the global head of…
First Islamic bond launched in Kazakhstan
The Development Bank of Kazakhstan has launched the country's first ever Islamic bond. The quasi-sovereign issue could set a benchmark…
The Asset Marks QIB Best Islamic Bank In Qatar
Hong Kong-based The Asset Magazine has named Qatar Islamic Bank (QIB), the benchmark Islamic bank in Qatar, the best Islamic…
Bank customers to face tough times in UAE
The Central Bank on Monday sent UAE banks six news forms, which cover details about loan size and interest rates,…
Ahlibank plans up to 10 Islamic banking branches in first year
Ahlibank is planning to initially launch four branches under its Al Hilal Islamic Banking brand, with the bank planning to…
Saudi mortgage law to boost takaful industry
The Saudi insurance market is projected to grow by 15 percent per annum in total volume of gross premiums written…
New players to join Saudi real estate market
The implementation of the new mortgage law in Saudi Arabia is expected to modernize the Kingdom's real estate market through…
Islamic Bank of Britain boosts efforts to attract ethical savers
As consumer dissatisfaction with the UK banking sector continues, the Islamic Bank of Britain plc (IBB) has stepped up its…
Mashreq reports 7.2% increase in net profit
Mashreq, one of the UAE's leading financial institutions reported a 7.2% increase in its net profit for the first half…