Islamic Bank of Britain (IBB), a UK-based wholly sharia compliant retail bank, has planned to change its name to Al Rayan Bank.
The change will be completed in December and it follows IBB’s acquisition recently by Masraf Al
Dubai is changing its financial rules in an effort to attract more asset managers - particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds - to base themselves in the emirate.
The construction company at the centre of Dubai's stock market meltdown, Arabtec, sought to calm investors on Wednesday by saying it still had the backing of a key government shareholder and would rein in lavish salaries to reduce costs.
Old enough to vote for the first time, student Sheeba Shamim, the daughter of a middle class family, and young construction workers sweating on a nearby building site are impatient for a government in India that delivers jobs and hope for the fu
A Bahrain court will decide next month whether two women seeking sex changes will be allowed to undergo a life-changing operation, said a report.
Judges are reviewing the case of the Bahrainis, who allegedly suffer from Gender Ide
Kuwait does not expect Opec to change the cartel's petroleum production target at its next meeting, the oil minister of the state said on Wednesday.
Asked whether the group's production target should be altered, Oil Minist
World governments are likely to recoil from plans for an ambitious 2015 climate change deal at talks next week, concern over economic growth at least partially eclipsing scientists' warnings of rising temperatures and water levels.
Last year was one of the 10 hottest on record, with sea levels at record highs, Arctic ice at historic lows and extreme weather in various corners of the globe signaling a "new normal," scientists said Tuesday in the 2012 State of the
The need to adapt to change is what leaders and managers, whether in China or the US, Bahrain or Japan must be able to achieve if they wish to bring about an improvement in the way they do business and raise the standards of living of their citi
The Middle East hubs and airlines are leading the way to confront and overcome the serious challenges to global aviation growth and stability and bring about positive change in the industry, according to a top UAE airline official.