Middle East and North Africa

Middle East and North Africa

National Bank of Fujairah Relocates Al Ain Branch

National Bank of Fujairah (NBF) PJSC announced the relocation of its branch in Al Ain to Royal Building in Zayed Bin Sultan Street. The...

IIFM Forum Probes Challenges Facing Islamic Finance Industry

The International Islamic Financial Market (IIFM) organised its 10th annual seminar on the pre-conference day of the 26th World Islamic Banking Conference (WIBC 2019) at the...

Fitch Rates Arabian Centers Company and Sukuk ‘BB+’

Fitch Ratings has assigned Arabian Centres Company (ACC), a Saudi Arabia-based real estate company, a final Long-Term Issuer Default Rating (IDR) of ‘BB+ with...

ITFC Provided $50 Billion to Beneficiaries in 12 Years

The International Islamic Trade Finance Corporation (ITFC) announced that the volume of funding for trade provided over the past 12 years amounted to $50...

QSE Inches Near 10,300 levels on Foreign Institutions’ Strong Bullish Outlook

Foreign institutions’ strong bullish outlook lifted the Qatar Stock Exchange more than 86 points and its key index inched near 10,300 levels. Domestic funds were...

Egypt to Issue First Corporate Sukuk Within Weeks – Official

Egypt will issue its first corporate Sukuk, or Islamic bonds, within weeks, a Financial Regulatory Authority (FRA) official said on Tuesday. CIAF Leasing, an aircraft...