UAE represents 30% of global Islamic banking
The Shariah-compliant financial services sector in the country represented 30 per cent of the global Islamic banking industry in 2011,…
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BankDhofar net tumbles 58% on RO26m provision
BankDhofar’s net profit plummeted 58 per cent to RO14 million for 2011, from RO33.28 million posted in the previous year,…
Is Islamic Finance a Failure? An Assessment
Oliver Agha, founding Partner of Agha & Co, a shari'ah-compliant law firm based in the United Arab Emirates (www.aghaandco.com), is…
RBS Appoints Head of Hybrid Capital in London
The Royal Bank of Scotland has announce the appointment of AJ Davidson as Managing Director and Head of Hybrid Capital…
First Gulf Bank reports 8 per cent growth in net profit
First Gulf Bank PJSC (FGB) said, it has posted 8 per cent growth in net profits reaching Dh3.70 billion in…
Emirates NBD investment banking CEO to leave
The chief executive of Dubai lender Emirates NBD's investment banking division is leaving the bank, three sources familiar with the…
IDB ready to fund Oman’s Islamic banking sector, public-private business ventures
Islamic Development Bank is ready to provide equity capital to Oman’s upcoming Islamic banking industry, development projects in the sultanate…
DIFC Courts honours GCC justice
The DIFC Courts has made its first enforcement under the Protocol on Enforcement of Judgments, Letters Regulatory and Judicial Notices…
NBAD launches Cautious Income Fund
The National Bank of Abu Dhabi has announced that from 30th January 2012, its new mutual fund, the NBAD Cautious…
Qatar sovereign fund to buy Credit Suisse London HQ
Qatar’s sovereign wealth fund has agreed to buy the Canary Wharf headquarters of Credit Suisse, Switzerland’s second-biggest bank, as it…
Falcon Private Bank launches MENASA Fixed Income Fund
Falcon Private Bank has launched the Falcon MENASA Focused Fixed Income Fund for qualified investors to capture investment opportunities in…
ADCB reports Dh3b net profit for 2011
Abu Dhabi Commercial Bank on Thursday reported Dh3 billion net profit for 2011 compared to Dh391 million reported in 2010.…