UAE well placed to withstand global slowdown
The UAE's economy and the banking system are well positioned to withstand any global economic downturn resulting from Europe's debt…
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Top bank steps up Emiratisation efforts
First Gulf Bank PJSC, (FGB), the leading financial partner of choice in the UAE, is pioneering an initiative to enhance…
No fix for Gulf loan market as Europeans exit
As European banks withdraw from the Gulf loan market, they are leaving a gap which other banks are unlikely to…
Mideast bank joins BFX platform
The Bahrain Financial Exchange (BFX) said Elaf Bank had become a registered user of its Islamic finance division — Bait…
UAE banks face fresh headwinds – Fitch
Banks in the United Arab Emirates face new headwinds due to a weakening global economy and Abu Dhabi's move to…
Saudi lender introduces ‘new generation’ of Islamic banking services
In a recent forum, the bank's Shari’ah advisory board members and customers discuss with Saudi Hollandi executives ideas on how…
EIBFS to roll out SunGard ERP
The Emirates Institute for Banking and Financial Studies (EIBFS), which provides professional education for the finance sector, is set to…
Advent Software appoints new head of professional services for the MENA
Advent Software today announced the appointment of Hazem Elmalla as the new head of professional services in the Middle East…
Advent Adds BITA Risk to Alliance Partner Program in EMEA
Advent Software has announced that BITA Risk, the global provider of private client suitability assessment, risk profiling and profile monitoring…
Kuwait bourse halts global investment trading
The Kuwait bourse halted trading in Global Investment House's shares on Monday, saying its accumulated losses to the end of…
Expat wealth robust in face of global recession
Even in countries where economical problems have been compounded by political unrest and natural disaster, such as Bahrain, Egypt and…
CBN role in Islamic Liquidity Management Corporation under scrutiny
The contribution of a membership fee of N875 million to the International Islamic Liquidity Management Corporation (IILM) by the Central…