Asian shares struggled to recover on Thursday with volatility remaining high, while emerging economy and commodity-linked currencies softened as investors worried about the global repercussions of slower growth in China.
The value of assets in the Islamic finance sector is expected to increase 80 per cent over the next five years, to hit $3.24 trillion in value by 2020, according to findings for an upcoming report.
Qatar-based Barwa Bank has registered a record 16 per cent jump in its total assets for the first half of the year, hitting QAR41.3 billion ($11.3 billion), with a 10 per cent increase in financing assets alone to exceed QAR24.4 billion ($6.7 bi
Kuwait's Gulf Bank, the state's fourth-largest lender by assets, reported a 28.7 per cent jump in second-quarter net profit on Tuesday on the back of higher net interest income.
The bank said in a bourse filing that net pr
The net foreign assets at Saudi Arabia’s central bank fell to SR2.521 trillion ($672.2 billion) in May, down by $6.6 billion or one per cent from the previous month as the kingdom continued to draw down reserves to cover a budget gap cause
Assets under management of fund managers and financial institutions in Dubai International Financial Centre (DIFC), a global financial hub, are estimated to reach $250 billion by 2024, up from $10.4 billion in 2014, said top official.
Barwa Bank, a leading Shari’ah-compliant service provider in Qatar, has posted a net profit of QR209 million ($57.3 million) for the first quarter of 2015, as against QR 201 million for the same period last year, marking an increase of fou
Net foreign assets at Saudi Arabia's central bank dropped 4.7 per cent from a year earlier in March to SR2.590 trillion ($690.6 billion), their lowest level since July 2013, central bank data showed on Wednesday.
The central b
Bahraini sovereign fund Mumtalakat wants to double its $6.4 billion assets under management in the next seven years, preferably through partnerships with global investment firms, its chief executive told Reuters.
With stakes in so
GlaxoSmithKline and Novartis said on Monday they had completed a series of asset swaps worth more than $20 billion that will reshape both drugmakers.
GSK is forming a consumer health joint venture with Novartis, while at the same