Gulf banks should replace Europe loans, economist says
The UAE and other Arabian Gulf nations should start to replace cross-border lending and credit lines they have with Europe…
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Ithmaar Bank posts profit of $2.7 million
Bahrain-based Ithmaar Bank posted a profit of $2.7 million for the first nine months of the year in spite of…
Abu Dhabi Islamic Bank to hold meetings for possible sukuk
Abu Dhabi Islamic Bank has announced plans to hold investor meetings for a potential dollar-denominated Islamic bond, or sukuk, starting…
French Islamic finance in focus at key forum
The 18th annual World Islamic Banking Conference (WIBC 2011) will feature a key session on "Islamic Finance New Developments in…
Emirati Deputy Registrar at DIFC Courts receives global accolade
Amna Al Owais, Deputy Registrar and Small Claims Tribunal Registrar of DIFC Courts, the Dubai International Financial Centre's (DIFC) independent,…
Number of super rich in North America to outnumber APAC until 2032 – study
Wealth-X, the global intelligence, prospecting and wealth diligence company, today released the World Ultra Wealth Report 2011, offering a groundbreaking…
Credit Suisse is expanding into asset management in Qatar; other firms are likely to follow
Qatar may be, according to some reports, the most promising financial centre in the GCC, but it has long-maintained that…
Egypt-based private bank says 3Q profit strong despite economy
National Societe Generale Bank (NSGB) , Egypt's second-biggest private bank by market capitalisation, shrugged off domestic economic and political woes…
FSA hits Dubai-based investor with GBP4m fine
The Financial Services Authority has imposed its biggest-ever fine on an individual, ordering a Dubai-based investor to pay £6m for…
Saudi Arabia's banking sector among world's safest
Saudi Arabia's banking system is among the safest in the world, according to new global assessment published by Standard &…
Abu Dhabi's ADIB eyes Islamic bond
Abu Dhabi Islamic Bank will hold investor meetings for a potential dollar-denominated Islamic bond, or sukuk, starting next week, it…
DGCX seats new chief
The Dubai Gold and Commodities Exchange has announced the appointment of Stephen Gaterell as its new Chief Executive Officer. Gaterell…