Saudi Arabia mega projects to boost Islamic bond market
Reuters reported that project Islamic bonds are expected to pick up steam in Saudi Arabia with the launch of the…
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NCB Capital remains positive on Saudi banking sector fundementals
NCB Capital, Saudi Arabia’s largest investment bank and leading GCC wealth manager, believes that lower YoY provisions will be a…
HSBC given priority in fight for assets of Al Gosaibi business family
HSBC, one of the largest creditors to the indebted Al Gosaibi business family of Saudi Arabia, faces a court battle…
Saudi cbanker cuts expectations on 2011 growth-paper
Saudi Arabia's central bank governor reined in his expectations for growth in a newspaper interview published on Wednesday, saying he…
Bank accounts of 14 Kuwait MPs to be frozen in bribery inquiry
An investigation into the bank accounts of several members of parliament has been expanded, it was reported yesterday. The politicians…
Barclays Wealth boosts Middle East and North Africa team
Barclays Wealth today announced a further senior appointment to its expanding ultra high net worth (UHNW) team in the MENA…
Barclays Wealth continues UHNW build-out in MENA
Barclays Wealth, a leading global wealth manager, today announced a further senior appointment to its expanding ultra high net worth…
Tamweel plans up to $500m sukuk in Q4
Tamweel, the Dubai Islamic mortgage lender, has revealed plans to issue a $300m-$500m sukuk in the fourth quarter of this…
QFC Regulatory Authority issues statement on the conduct of unlicensed financial services
The QFC Regulatory Authority has issued a statement emphasising the importance of consumers ensuring that the firms they deal with…
‘Regulation key for Mideast asset management sector’
The Middle East’s fragmented regulatory and legal framework is the main obstacle for the region’s asset management industry to develop…
Iran bank chiefs ousted in $2.6 bln fraud fallout
A $2.6 billion financial fraud that has shaken the government of Iranian President Mahmoud Ahmadinejad saw the heads of three…
Emirates NBD plans to expand in Asia Pacific
Emirates NBD, the largest bank by assets in the UAE, is considering opening representative offices in China and a number…