Monday 22 September 2014

Islamic finance in focus at Bahrain conference

More than 1,300 high-level industry professionals from over 50 countries will take part in major Islamic banking conference in Bahrain. The the 21st annual edition of the World Islamic Banking Conference (WIBC 2014) will be held under the patronage of His Royal Highness Prime Min


NBAD ranks 25th on safest banks list

National Bank of Abu Dhabi (NBAD) has again been ranked among the World’s 50 safest banks for the sixth consecutive year by Global Finance, a prestigious international financial magazine. NBAD ranks 25th on the list, up 10 positions from the number 35 spot it held


First tranche of Emaar malls IPO already covered

Emaar Properties said institutional investors have committed to buying all the shares offered to them in the flotation of its shopping malls business only a day after the initial public offering (IPO) was launched. Dubai's largest real estate developer is aiming to raise as m


QNB lifts Ecobank stake in $283m deal

Qatar National Bank (QNB) has acquired a further 11 per cent stake in Ecobank Transnational Incorporated in a deal worth $283 million, making it the pan-African lender's largest shareholder. QNB acquired 2.048 billion ordinary shares using its existing resources to take its t


S&P to reclassify UAE, Qatar stocks

S&P Dow Jones will move Qatar and the UAE from frontier indexes and upgrade them to emerging markets on September 22, the company said. S&P's decision to re-classify the two countries and also Greece as emerging markets was announced last October following a consultat


Top HSBC executive in Saudi leaves bank

The chief executive of HSBC Holdings' investment banking business in Saudi Arabia, Walid Khoury, has left the bank, a spokesman for the lender confirmed on Monday. Nabeel Shoaib, who was deputy CEO and chief operating officer of the business for HSBC in the kingdom, will beco


Qatar’s rising importance as financial hub in focus

The changes in the global economy and Qatar’s rising importance as a financial hub will be the focus of a top Euromoney conference in Doha, Qatar in November. The third Euromoney Qatar Conference ‘global finance: re-launched’ will bring together leading financia


Bahrain-GCC links contribute to trade growth

Bahrain’s deeper links that it has established with other economies in the region has been a substantial contributor to the kingdom’s trade growth over the past decade, according to a recent report. The Economic Insight: Middle East Q3 2014 pointed out that over a thi


Ibdar Bank appoints new CEO

Bahrain-based Ibdar Bank has announced the appointment of Basel Al-Haj-Issa as the bank’s new chief executive officer. Al-Haj-Issa will play a leading role in driving business performance and strategic initiatives, supporting and advising the board, a statement from the ban


Turkish Islamic bank to establish in Bahrain

Turkish Islamic lender Turkiye Finans Katilim Bankasi plans to establish a presence in Bahrain, in what would be its first overseas foray and a welcome addition to the Kingdom's Islamic banking sector. Turkiye Finans, in which Saudi Arabia's National Commercial Bank is th

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