New takaful rules for Bahrain are expected to be finalised and implemented by the end of the year, the Central Bank of Bahrain (CBB) said yesterday (December 5).
This comes after the regulator considered the views and comments received from the takaful and retakaful industry thro
Oman's government budget surplus widened to 543.9 million rials ($1.4 billion) at the end of October from 339.9 million rials seen in the first nine months of 2013, data showed on Thursday.
However, the January-October outcome is sharply down from a surplus of 2.8 billion ria
Qatar-based Al Khalij Commercial Bank (al khaliji) has opened a new branch at the Doha City Center Mall, as part of its expansion strategy.
The branch will provide a complete range of innovative banking products and services for its corporate, commercial and personal banking cust
Bayzat, a UAE-based online platform that provides a fast and easy way to find a banking product, has launched an online debt burden ratio (DBR) calculator for property investors.
The new application and value added services comes after UAE’s central bank announced the new m
Dubai's bourse closed above 3,000 points for the first time in five years as investors repositioned into stocks ahead of earnings and dividend season with the index climbing 0.9 percent to its highest close since October 2008.
"The positive moves come after a couple days
The Central Bank of Bahrain (CBB) has drafted new enhanced framework for the Takaful and Retakaful industry aimed at strengthening the solvency position of the firms, enhancing operational efficiency of the business, and safeguarding the interest of all stakeholders.
LuLu International Exchange, a global remittance and foreign exchange group, has opened its third branch in Bahrain.
It started operations in the kingdom this October and plans to open six branches next year to expand its footprint, its top official told the Gulf Daily News, our
Saudi Arabia's economy expanded at an annual rate of 3.1 per cent in the third quarter, only half as fast as it grew a year ago, according to data released on Wednesday.
The annual inflation-adjusted growth rate slowed to 2.1 per cent during the first quarter in Saudi Arabia, the w
Global Investment House is set to hire Michael Helou, a former senior banker at Barclays , as its investment banking head, four banking sources said, as the Kuwaiti firm seeks to revive growth after a debt restructuring deal.
Global, one of the largest investment firms in the Mid
Jeddah Economic Company (JEC), chaired by Kingdom Holding Company chief Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, has appointed Mounib Hammoud as the company's new chief executive officer.
Hammoud has more than 20 years of experience in urban planning and real est