Dubai: Debt Restructuring Proposal Approved For Almak
Dubai’s Amlak Finance said on Thursday that a proposal to restructure its debt had been approved by all its creditors, and that shares in the …
Finance
Deloitte: Middle Eastern Banks Seize Opportunities For Global Expansion
Deloitte: Bank M&A transactions set to outpace GDP growth in emerging markets
World trade flows, increased gross domestic product (GDP), a …
Islamic Finance: Bahrain’s Investcorp Says Full-Year Net Profit Up 25%
Bahrain-based alternative investment fund Investcorp posted a 25 percent gain in annual net profit on Monday, boosted by a resurgence in private …
UAE’s Dana Gas Q2 Net Profit Jumps 70% On Higher Production
UAE’s Dana Gas Q2 Net Profit Jumps 70% On Higher Production
Dana Gas, the United Arab Emirates energy firm, said on Wednesday that its …
China, Malaysia Promote Chinese Halal Industry Globally
The strong ties between China and Malaysia, particularly in the thriving Halal industry, were further reinforced at the recent Multinational …
Dubai Investments Says H1 Net Profit More Than Doubles
Dubai Investments said on Sunday that its net profit for the first six months of the year more than doubled, on the back of gains from the divestment …
UAE: Watania’s Majority Shareholders To Sell Stakes
Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Sunday its majority shareholders had agreed to sell stakes to strategic …
Dubai’s Arabtec Announces Q2 Net Profit Up 11%
Dubai’s Arabtec Announces Q2 Net Profit Up 11%
Arabtec, the construction company at the centre of Dubai’s stock market turmoil, reported …
MSCI Is Considering to Add Saudi Arabia As Emerging Islamic Market In 2015
Index compiler MSCI will consult with investors about adding Saudi Arabia to its broader stock indices and could make a decision to include it as an …
Islamic Financial Products Gaining Popularity In The Gulf
The financial landscape in the Gulf region is undergoing a significant transformation. Islamic financial products, which comply with Shariah (Islamic …
UAE Set To Issue First Federal Gov’t Bonds Before 2018
UAE Set To Issue First Federal Gov’t Bonds Before 2018
The UAE is expected to issue its first ever federal government bonds before 2018 to help …
Cash Rich Japan – Where To Invest?
A view on Japan’s stance on multi-billion dollar Islamic Finance markets – Nasir A. Khan
Where to invest? Thinking out of the box
With a …
Sharia Finance: Plenty Of Interest In No Interest
The British Government is believed to be planning to raise funds by issuing Shariah-compliant financial products.
Junaid Abbas Bhatti, an expert in …
Islamic Economies Are Set To Spiral Over The Next Decade
Islamic economies are already a significant part of the global economy and are set to become even more important over the next decade. Contrary to …
Exploring the Position Of Bitcoins in Islamic Banking and Finance
Islamic Banking and Finance
It may be too early to form a final opinion about Bitcoins (BTC) as a viable currency. In particular, it depends on its …
Islamic Banking: Growing Fast But Can It Be More Than A Niche Market?
For years, Islamic banks have been growing at a double digit pace. Ernst and Young (E&Y), in their latest World Islamic Banking Competitiveness …
Noor Bank, 2 Others Arrange USD155m Loan For Jafz Firm
Islamic facility was arrange for a reputed oil services company
Dubai’s Noor Bank , Qatar Islamic Bank ( QIB ) and Kuwait’s Warba Bank , …
Yemen Curbs Travel, Recruitment In Austerity Drive
Yemen’s president has ordered a raft of austerity steps, including a review of state-owned companies’ viability and curbs on foreign …
Islamic Banking Moves Forward in Morocco
Moroccan lawmakers just approved a banking bill that provides for the creation of Islamic banks.According to Minister-Delegate for the Budget Driss …
Malaysia En-Route To Establishing World’s First Islamic Megabank
MALAYSIA: Malaysia’s industry heavyweights CIMB Group, RHB Capital and Malaysia Building Society (MBSB) have thrown their hats into the ring after …
Emirates Islamic Offers Special Exchange Rates On Currencies For Summer Travel Season
Promotion focused on providing best exchange rates on currencies of major travel destinations
•Umrah and Haj travellers to benefit from discounted …
Kenya Looks To Tap UAE Market
Kenyan Consul General meets Expo Centre CEO
Explore ways to strengthen trade ties
Sharjah, 13th July 2014: Amid rising bilateral trade with the UAE, …
Saudi Arabia’s Insurance Sector Set For Consolidation
•Changes in the mortgage market bode well for the insurance industry
• Kingdom’s IPO market set to pick up in 2014
JEDDAH – Saudi Arabia’s crowded …
Saudi British Bank Reports Q2 Profits Up 15.19 Per Cent
The Saudi British Bank (SABB) reported robust financial results for the second quarter of 2014, showcasing a net profit of SAR 1,157.23 million. This …