Islamic banks object to new lending law
Islamic banks operating in the UAE have objected to new lending rules enforced by the Central Bank early this year…
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SG Private Banking Middle East CEO wins prestigeous award
Eddy Abramo, CEO of Societe Generale Private Banking Middle East and based in Dubai, has won the Outstanding Young Private…
Lebanese banks see drop in Syria assets
Financial results issued by the affiliates of seven Lebanese banks operating in Syria show that their aggregate assets reached 341…
Alternative invt manager to spend $400m on stakes in MidEast firms
Bahrain-based alternative investment manager Investcorp is looking to spend more than $400m on stakes in companies in Turkey and the…
The bullish case for Omani banks
The omani economic miracle since Sultan Qaboos Al Said ascended to the throne in July 1970 has transformed a sultanate…
Egypt unrest may hasten currency crisis
Violent unrest in Egypt threatens to accelerate the country's slide toward a currency crisis, forcing a sharp depreciation of the…
Gulf region's IPO market to remain sluggish
Both the IPOs in the third quarter 2011 were in Saudi Arabia raising a total of $219 million, with Hail…
GCC central banks chiefs review monetary council issues
The governors of Gulf Cooperation Council (GCC) Central Banks convened the 12th meeting of the Board of the GCC Monetary…
New banking code met with confusion
Bank customers have expressed confusion and dissatisfaction over a new code they must share with their employers to have their…
Banks draft guidelines for bond sellers in the Gulf
Banks have drafted a list of pointers for organisations seeking to raise new capital on credit markets. The move is…
DIB's Islamic consultancy unit bags industry recognition
Dubai Islamic Bank (DIB) announced today that its Sharia consultancy subsidiary, Dar Al Sharia Legal & Financial Consultancy LLC, has…
JPMorgan unit to provide private equity fund administration services to gulf firm
J.P. Morgan's Worldwide Securities Services (WSS) business today announced it has been appointed by Gulf Capital Equity Fund Associates to…