Citibank bucks the trend in Bahrain by boosting staff
Citibank has boosted staff numbers in Bahrain in a bid to reap the benefits of increased government spending. The move…
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Al-Kifah signs SR 600 m loan facility
Saudi Arabia's Al-Kifah Holding Company has signed a SR 600 million syndicated Islamic Murabaha facility agreement with a group of…
India sets up Gulf unit to track NRI tax evaders
India’s efforts to track down tax evaders could soon see officials monitoring the funding flows of nationals living in Gulf…
Offshore wealth management industry under intense pressure
Facing volatile equity and bond markets, increasingly demanding clients, and ever-watchful regulatory agencies, wealth managers must proactively find new ways…
Bank Hapoalim profit falls less than forecast
Bank Hapoalim is Israel's leading financial group. In Israel, the Bank Hapoalim Group has over 280 branches, eight regional business…
Bank Audi's ratings affirmed
Capital Intelligence, the international credit rating agency, announced that it has affirmed Bank Audi sal-Audi Saradar Group's Financial Strength Rating…
Dubai govt backs $1 billion loan for DIFCI: sources
The Dubai government will partly guarantee the $1 billion loan which DIFC Investments will use to repay its $1.25 billion…
Islamic Finance Seeks Social Model
Islamic investment industry has the potential to widen its customer base by adopting a socially responsible model, experts believe. "Takaful…
Boston Analytics chooses Bahrain for Gulf centre
Boston Analytics, a global research and analytics company, announced at an event hosted by the Bahrain Association of Banks that…
Risk management ‘vital for bank boards’
Risk management has become a top priority for bank boards in the wake of the ongoing financial crisis, said experts…
Abu Dhabi Islamic Bank opens swanky London branch
Abu Dhabi Islamic Bank, the second-largest Islamic lender in the United Arab Emirates (UAE), opened its first branch in London's…
Boom year for foreign direct investment in the UAE
The UAE attracted US$5.5 billion (Dh20.2bn) more in foreign direct investment last year than it invested abroad, data from the…