UAE SME loans to jump 20%: HSBC
HSBC Holdings launched on Tuesday a Dh1 billion fund for small and medium enterprises, or SMEs, and forecast that loans…
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Saudi- Islamic economics growing in strength: NCB CEO Abdulkareem Alnasr
With an estimated $1.2 trillion in assets in 2012, Islamic banks have now developed in size and capability to such…
Banque Saudi Fransi eyes sukuk
Banque Saudi Fransi plans to issue a five-year benchmark-sized sukuk, arranging banks said yesterday, after the lender completed investor meetings…
Gulf-based SWFs, Family Offices increasingly interested in alternative investments
The total assets under management of all Sovereign Wealth Funds globally is today estimated at around USD $4.6 trillion. While…
Dubai Islamic eyes benchmark Islamic bond
Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the Gulf Arab emirate, is planning to issue a benchmark-sized, dollar-denominated…
Shariah ‘megabank plan’ seeks to raise $1bn capital
The Islamic Development Bank is seeking partners to bring investment in a Shariah-compliant megabank to more than $1bn before the…
Barclays targets MENA for growth
Barclays, Britain’s second-biggest bank, is seeking to boost revenue from the Middle East and North Africa (Mena) by as much…
UAE banks’ Q1 profits down 3.7pc
The combined profits of national banks in the UAE fell by around 3.7 per cent in the first quarter of…
Rise in Dubai property deals with banks aiding clients offload units
In a sign of a maturing market, banks have now started assisting their mortgage clients offload multiple properties in the…
Qatar sukuk sale driven by yields, economic growth
Qatar and Dubai Islamic Bank are planning to tap the Islamic bond market as a scarcity of Shariah-compliant securities and…
Saudi- Islamic economics growing in strength: NCB CEO
With an estimated $1.2 trillion in assets in 2012, Islamic banks have now developed in size and capability to such…
Banque Saudi Fransi plans to issue 5-year sukuk
Banque Saudi Fransi (BSF) plans to issue a five-year benchmark-sized Islamic bond, or sukuk, arranging banks said, after the lender…