Islamic finance lender reports healthy quarterly results
Al Baraka Islamic Bank, a subsidiary of Al Baraka Banking Group, earned net income of BD1.36 million ($3.6 million) during…
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Banks' low results show the sad state of investment banking in MENA
EFG Hermes is one of the largest investment banks in the Middle East and its Q3 results are indicative of…
UAE's Swiss bank nears $1bn in assets
If you want to keep your money safe you put it in a Swiss bank. If you want to keep…
UAE ranks third place in $12bn global Takaful market
The worldwide Takaful insurance market is being predicted to reach a value of over $12bn in 2011, which signifies a…
UBS to take axe to investment banking
UBS’s strategy is centered on its wealth management businesses and it will strengthen its leadership position in the most attractive…
What to look for when choosing a wealth management system
In this fourth article of the series on what to look for when choosing a wealth management system, the focus…
Top Mideast lender gets recognition at major award ceremony
Gulf Bank announced that it has been honored at the 8th International Business Awards (IBA) during a gala dinner event…
Kuwait bourse suspends 50 firms
The Kuwait Stock Exchange (KSE) yesterday suspended trading in the shares of 50 firms, about a quarter of those listed…
Gulf SWFs opt for prudence
An uncertain outlook for oil prices and a need to increase domestic spending could make the Gulf’s sovereign wealth funds…
Paladin Capital obtains license to operate in DIFC
Paladin Capital (Middle East) Limited today announced that it has been licensed by the Dubai Financial Services Authority (“DFSA”) to…
Mideastern lenders' searching for IT talent abroad
The best option for a bank is an offshore development centre, where a company can develop its own talent pool,…
Sukuk rush may lift costs for borrowers
A rush of Islamic bond sales from the Gulf region in coming months could give companies much-needed access to funds,…