Monday 3 August 2015
 
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DFSA fines Arqaam over money laundering rules

The regulator of Dubai's financial free zone said on Wednesday it had fined Arqaam Capital $50,000 after investigating the Dubai-based investment bank over compliance with anti-money laundering rules. The investigation followed a periodic risk assessment by authorities that i

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Dubai Islamic targets 20pc loan growth in 2015

Dubai Islamic Bank is targeting 20 per cent loan growth in 2015, the lender's chief executive said on Wednesday. The back had set a target of 15-20 per cent loan growth for 2015 at the start of this year. But Adnan Chilwan said the bank aimed to be at the highe

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Deloitte ranked top global consulting firm

Deloitte, a leading provider of audit, tax, consulting, and financial advisory services, has been ranked as the number one global consulting organization by Gartner, a US-based IT research firm, for the fifth consecutive year. The ranking was based on 2014 market share revenue in

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National Bank of Oman deploys new CRM solution

National Bank of Oman, one of the largest banks in the Sultanate, has implemented a CRM solution to power its end-to-end lead management across all business lines and channels including branch, Web and call centres. This will help to increase sales conversions and reduce sales cy

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Dubai Islamic Bank Q2 net profit jumps 35pc

Dubai Islamic Bank (DIB), one of the United Arab Emirates' largest sharia-compliant lenders, posted a 35 per cent rise in second-quarter net profit on Wednesday as loan impairments shrank. Beating analysts' forecasts, the bank made Dh902 million ($246 million) in the thre

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Rooney tops EPL’s richest player list

Manchester United forward Wayne Rooney tops the list of richest players in the English Premier League (EPL) released by Wealth-X, the world's leading ultra-high net worth (UHNW) intelligence provider. Rooney, the Old Trafford skipper and England captain who will celebrate his

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Greenstone in tie-up to offer India investments

Greenstone Equity Partners, a top fund placement firm in the Middle East, has partnered with Multiples Alternate Asset Management, an India-based investment advisory firm, to offer investment opportunities in the South-Asian country. The new collaboration will work towards raisin

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Bahrain chamber starts executive restructure

Bahrain Chamber of Commerce and Industry (BCCI) said it has started implementation of a plan to restructure its administrative and executive body. The reforms, which are implemented in co-ordination with Bahraini firm Jafcon Consultants entail job relocations, the creation and el

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Citi Bahrain wins top Internet banking awards

Citi Bahrain said it has won two major awards for Internet banking. The bank said it won the Best Consumer Internet Bank and the Best Corporate/Institutional Internet Bank at Global Finance magazine’s 2015 Best Internet Banks in the Middle East and Africa, reported the

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Corporate governance issues in Islamic finance in focus

Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), a global umbrella of Islamic financial institutions, yesterday (July 28) announced that it, along with the World Bank, is organising a joint international conference in Amman, Jordan, in September.

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