Crisis: Islamic Finance doing well, up 20% in Gulf
Islamic finance has increased exponentially in the last decade, with transactions worth more than one billion billion dollars in 2011,…
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Profits up more than sevenfold at major UAE bank
Abu Dhabi Commercial Bank reported profits for 2011 more than seven times higher than a year earlier, with provisions falling.…
Commercialbank nets QR1.9bn gain
Commercialbank has reported a 15% jump year-on-year in its net profit to QR1.88bn on stronger core earnings and robust contributions…
Bank Audi launches 'Novo' the ultimate new banking experience
Bank Audi announced, on Thursday, January 26, 2012, the launch of 'Novo', the first banking channel in the region that…
Lebanese banks embrace the digital revolution
Technology is bringing change to the banking industry in the Arab world. The latest service in banking industry in the…
Dubai has the most billionaires in the Middle East
It is ahead of the Saudi cities of Jeddah and Riyadh, though the latter both feature in the world's top…
Deloitte launches first Middle East Tax Chief Compliance Officer Forum
Deloitte is proud to announce the inaugural The Deloitte Middle East Tax Chief Compliance Officer (CCO) Forum to take place…
US fund firm Investments names new EMEA CEO
U.S. fund manager Russell Investments said on Wednesday it appointed Pascal Duval as chief executive officer of its Europe, Middle…
Challenges to growth of Islamic banking
Although Islamic banking has grown rapidly over the last three decades, the volume of transactions touched $1.086 trillion (Dh3.98 trillion)…
Major India-based private bank ties up with Saudi-based Samba Financial Group
Axis Bank, India`s third largest private Bank, today announced its tie up with Samba Financial Group, Saudi Arabia, for remitting…
Segments of the GCC financial markets are beginning to develop fraction
The uneven performance of the GCC financial markets has continued to reflect the extremely uncertain global economic situation as well…
Egypt’s economic crisis
Alarm bells are ringing inside and outside Egypt as the country faces an economic crisis nearly one year after the…