Mideast starts to feel the financial pinch
A rising tide of debt reaching maturity in the Gulf region poses a heightened refinancing challenge over the next three…
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More banks aim to join world’s first Sharia-compliant interbank benchmark
The recently launched Islamic Interbank Benchmark Rate (IIBR) aimed at raising the quality of the Islamic capital profile has some…
Gulf wealth seeks haven from euro debt crisis
Wealthy Gulf savers are fleeing euro-denominated investments as the European sovereign debt crisis deepens, bankers say. Gulf investors are increasingly…
Taqa shows Gulf appetite for debt management
Abu Dhabi National Energy Co's (Taqa) move to buy back $1.5 billion (Dh5.5 billion) in bonds from investors — at…
Efficient asset utilization supports strength of Saudi banks
NCB Capital reported that the Saudi banking sector remains one of the strongest in the region with a positive outlook.…
Top Australian firm opens Bahrain office
In a major boost for Bahrain's position as the financial capital of the Middle East, AMP Capital, one of Australia's…
ADIB CEO is named banker of the year
Abu Dhabi Islamic Bank (ADIB) chief executive Tirad Mahmoud was named the WIBC 2011 Islamic Banker of the Year at…
Diversified UAE family group goes live with treasury and cash management system
Easa Saleh Al Gurg Group, a diversified family group based in the United Arab Emirates, has gone live with SunGard’s…
Women's role in law and judiciary in the spotlight
DUBAI International Financial Centre (DIFC) Courts and the region’s leading legal research experts, Thomson Reuters Westlaw Gulf, today held the…
Major Kuwaiti firm incurs Q3 loss
Kuwait's Global Investment House saw its third-quarter net loss widen as the bank continued to battle difficult market conditions, according…
HSBC’s ME head of energy leaves
HSBC Holdings Plc’s head of resources and energy group for Middle East and North Africa, Darren Davis, left the bank,…
Advent Strengthens Professional Services Team to Meet Growing Demand
Advent Software has more than doubled the number of certified project management and consulting team members supporting clients in Europe,…