International financial conglomerate eyes hundreds of ME job cuts
Hundreds of employees at Citigroup in the Middle East could face redundancy in the coming weeks as the firm begins…
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Standard Chartered eyes Islamic option
Standard Chartered is in discussions with regulators to offer Islamic banking services in Oman and Nigeria, now that both countries…
Former Baker Tilly exec jumps ship to Falcon group
Dubai-based Falcon Group has appointed Kapila Karunaratne as head of its recently opened Abu Dhabi office. He joins Falcon from…
NBAD planning to double branch network in Oman
The National Bank of Abu Dhabi, or NBAD, on Monday said it inaugurated the bank’s ninth branch in Al Buraimi…
Saudi in sukuk talks
Saudi Arabia is in talks with banks about issuing a riyal-denominated Islamic bond, or sukuk, five banking sources said, as…
ADIB wealth management seminar presents range of investment opportunities
ADIB hosted its first Wealth Management Seminar for high net worth customers and presented its outlook on global markets. The…
Bahrain pushes Islamic bank mergers to boost capital
Bahrain’s central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks’…
Qatar to Allow Lenders to Manage Islamic Assets After Deadline
Qatari commercial banks may continue to manage Islamic assets beyond the year-end deadline to close their Islamic banking arms, the…
Dubai's DIG appoints firm to manage $1.1bn portfolio
Dubai Investment Group has appointed Silverpeak Real Estate Partners to provide real estate investment management services for its $1.1bn commercial…
Zurich’s deVere plans to tap Middle East
DeVere Group, the Zurich-based indepedent financial consultancy, plans to open three offices in the Middle East by the first quarter…
Huge proportion of expatriate wealth is not staying in region
Countries in the Middle East such as the UAE, Saudi Arabia and Qatar are considered among the leading wealth hot…
Sharia investing leans to West
To some observers of Islamic equity investing, Islamic or Sharia-compliant equity indexes seem to imply investing in publicly-listed companies in…