Egypt's financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules.
Sherif Samy, head of the Egyptian Financial Supervisory Authori
Dubai Islamic Bank plans to expand its operations into Indonesia, Kenya and other African countries as it emerges from a period of consolidation, the bank's chief executive said.
The emirate's largest sharia-compliant lender, which currently makes some 95 percent of its r
Abu Dhabi Commercial Bank (ADCB) plans to buy back a further three per cent of its shares this year, as it seeks to enhance its stock value, its chief executive said.
The emirate's third-largest lender by market value bought back seven per cent of its shar
Growth rates in the insurance markets of Gulf Co-operation Council (GCC) countries remain higher than those of developed markets and have kept pace with those of some key emerging markets, according to the latest report from AM Best.
The report, titled, “GCC Growth Outpaces
An increased budget deficit plus a rising inflation rate are key challenges facing Bahrain, a leading banker has warned.
According to BBK chairman Murad Ali Murad, inflation reached a high of 3.8 per cent during late last year, primarily driven by a rise in housing and utility co
Bahrain-based Global Payment Services Company (GPS), a third-party processor specialising in outsourcing electronic payment, said it has been accredited and certified again for Payment Card Industry-Data Security Standard (PCI-DSS) compliance.
PCI-DSS is a globally-accepted secur
India has become an important market for BBK and it plans to have a five-branch operation in the country, the bank's chairman has said.
Speaking to the Gulf Daily News, our sister publication, on the sidelines of the bank's Annual General Meeting (AGM) at the Gulf Hotel y
Kuwait's economy is expected to grow between three and 3.5 per cent this year, the country's central bank governor said on Wednesday.
Mohammad al-Hashel also told reporters on the sidelines of a meeting of Gulf central bankers that there would be less non-performing loans
Dubai's shares slid on Wednesday, leading a Middle East retreat as a gloomy global backdrop worsened a local lull and sparked profit-taking.
Copper, a proxy for China's economic wealth, plunged to a four-year low, worsening fears about slowing Chinese economy and triggere
The GCC bond market is set to benefit from the region’s improving macroeconomic climate, which is supported by various pro-growth factors, according to experts.
Dr Marie Owens Thomsen, chief economist, Crédit Agricole Private Banking, said: &ldquo