Kuwait Banks Warn of Millions in Losses as Loan Repayments are...
A number of Kuwaiti banks have warned of millions of dollars in losses due to delays of repayments of loans amidst the outbreak of...
FinTech Can Help the Islamic finance sector to innovate and grow
FinTech has spurred the evolution of the Islamic finance industry over the last year. It helps to address a need for simplification and innovation...
Middle East Banks Pair Up to Weather Oil’s Plunge and Virus
The global pandemic and an oil price rout are prompting a new wave of consolidation talk among banks in the Middle East.
In recent weeks,...
UAE’s Stock Markets Rise on Financials and Property Shares
The United Arab Emirates stock markets closed higher on Tuesday, led by financials and property shares. Dubai’s main share index gained 0.5%, led by...
Abu Dhabi Islamic Bank Raises Foreign Ownership Limit to 40%
Foreign investors can pick up to 40 per cent in Abu Dhabi Islamic Bank from today. The earlier limit was set at 25 per...
Merger Between Masraf Al Rayan and Al Khaliji to Support Profitability,...
The proposed merger between Masraf Al Rayan and Al Khaliji will not only support profitability but also enlarge Islamic franchise and market share as...