UAE banks increase profits by 24%
The banking industry in the UAE experienced an impressive 24 per cent increase in profits in 2011, exceeding profit levels…
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EIIB launches sukuk fund
European Islamic Investment Bank (EIIB) plans to significantly expand the asset management business of Rasmala Investment Bank, said a press…
IDB, Albaraka, Qatar to launch $1 bln Islamic bank
The Saudi-based Islamic Development Bank (IDB), Saudi lender Dallah Albaraka Group and Qatar have signed an agreement to launch an…
Burgan Bank nears ‘deal’ to buy EFG Turkish stake
Kuwait’s Burgan Bank is close to a deal to buy EFG Eurobank’s 70-percent stake in Eurobank Tekfen, three banking sources…
Swiss company to start operating in DIFC
Swiss Re Corporate Solutions announced today that it has received a licence from the Dubai Financial Services Authority (DFSA) to…
StanChart, Emirates NBD said to plan US$900m DIFC loan
Standard Chartered, Emirates NBD and Noor Islamic Bank are among banks that may lend Dubai’s DIFC Investments US$900m to help…
ArabNet: Internet Growth Is Poised in Middle East and North Africa
The Middle East and North Africa region has yet to see the sort of explosive Internet growth that has gripped…
UBS Said to Hire Mimaroglu From Credit Suisse for Turkey
UBS AG (UBSN) hired Emre Mimaroglu, former head of Credit Suisse Group AG (CSGN)’s investment bank in Turkey, for a…
DMCC to host precious metals summit
The Dubai Multi Commodities Centre (DMCC) will host a conference on precious metals in Dubai, to discuss trends and latest…
Leading bankers discuss significant areas of Islamic banking
Significant areas of Islamic banking were discussed to achieve the goal of replacing a traditional banking with Islamic financial solution,…
A Best Practice Approach to Suitability and Assessment By Daryl Roxburgh
With less than a year until full implementation of the FSA’s new Retail Distribution Review (RDR) rules, we will likely…
UK Based Asset Manager Launches World's First 'Investment Sukuk'
London based Shariah-compliant asset management firm, Ethical Asset Management, has today launched the world's first ever 'Investment Sukuk' fund, which…