Islamic finance to be probed
There is no doubt that Islamic finance is maturing into a global phenomenon with increasing appetite for Islamic instruments and…
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Emirates Islamic Bank eyes $500 mln sukuk; strong demand seen
Emirates Islamic Bank, the sharia-compliant arm of Dubai lender Emirates NBD, has set final guidance for its $500 million sukuk,…
Liechtenstein-based private bank hires Merrill's ME wealth chief
LGT Group, the Liechtenstein-based private bank, has hired Tamer Rashad from Bank of America Merrill Lynch to run its newly…
Dla Piper welcomes new markets law
Tomorrow the DFSA's new Markets Law comes into effect and will have a far reaching impact on the financial…
3 Islamic investment banks in Bahrain plan merger
Three Islamic investment banks in Bahrain said Sunday they have agreed to merge to better compete in a fragmented market.…
Mounting bill to pay off expats
Countries across the Arabian Gulf will face a bill of as much as US$75 billion (Dh275.49bn) to cover end-of-service payments…
Long-term investors are quietly putting money into India
India has gone from the country set to overtake China to the country that can do nothing right. Now, a…
GCC banks can beat their chests, but must be wary
Executives at major GCC banks have every right to feel slightly smug as European lenders grapple with the euro-zone crisis,…
Abu Dhabi firms to tap bond market in H2
HSBC Holdings, the top arranger of debt issues in the Middle East so far this year, said it expects a…
Fitch affirms Turkey's large private banks
Fitch Ratings has affirmed the Long-term foreign currency Issuer Default Ratings (IDRs) of Turkey's four largest privately-owned banks - Turkiye…
GCC banks’ credit seen surging to $766b in 2012
Bank lending in the GCC is set to stabilise further in 2012, with credit growth forecasted at 10 per cent…
HSBC Holdings is the only UK bank remaining in the global top-ten for tier-1 capital strength
UK banks continue to lose ground in terms of international strength and stature. Against a backcloth of surging competition from…