More funds flow toward corporate assets in GCC
Strong corporate returns are driving the flow of year-on-year capital within family offices in the Gulf Cooperation Council (GCC) from…
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No exemptions on new lending limits on banks, says UAE central bank
The UAE central bank will not exempt any bank from a newly passed regulation that caps banks’ lending to local…
Islamic finance to strengthen economic and financial linkages between Asia and the Middle East
The rapid international expansion of Islamic finance reflects its ability to remain competitive and to increasingly meet the complex requirements…
UAE needs unified Shariah board: Central Bank
The UAE needs a centralised body for the Islamic finance industry to help develop its sukuk market further, a top…
Northern Trust appoints Middle East head
Northern Trust has appointed Sheldon Woldt to a newly created role of head of the Middle East, responsible for leading…
Temenos signs leading Jordanian bank
Temenos has announced that Jordan Ahli Bank, a leading Jordanian institution, has chosen to deploy Temenos’ market leading core banking…
HSBC Oman, OIB merger 'halted' in Oman
Oman's Ministry of Commerce and Industry has halted the merger of HSBC Oman and Oman International Bank (OIB) following an…
New financial watchdog announced as UAE prepares regulatory overhaul
The financial services industry in the United Arab Emirates is to undergo the biggest regulatory overhaul in more than three…
Know your worth: How much bank branch managers get paid in UAE
The monthly salary of a bank branch manager in the UAE starts around Dh30,000 and goes up depending on many…
Central Bank holds meeting with bank CEOs
As part of the quarterly consultative meetings between the Central Bank and banks operating in the UAE, the second quarterly…
DIFC investments $1 billion loan near; to help Sukuk REFI
DIFC Investments, the investment arm of the company running Dubai’s financial free zone, is close to securing a $1 billion…
Turkey seeks market capitalism alternatives
If you have any doubt that Islamic finance is creeping into the mainstream global financial system where it matters, albeit…