Oman posted a government budget deficit of RO 360.8 million ($937 million) in 2014 compared to a surplus of RO401 million in 2013, provisional finance ministry data showed on Thursday.
Oman's original 2014 b
A group of investment vehicles owned by a Bahraini bank are seeking US bankruptcy protection to shield more than $200 million from Saudi Arabia's Ahmad Hamad Algosaibi and Brothers, agency reports say.
Awal Finance Company, a
Bahrain-based Islamic banking group Al Baraka Banking Group’s (ABG) has announced that four of its units won Islamic Finance News Awards 2014.
They were chosen as the best Islamic banks in the region through the annual refer
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial services institution, has won 10 awards at the Islamic Finance News Awards Ceremony held in Dubai, UAE recently.
The ceremony, which was held at the Ritz-Carlton, Dubai In
The Saudi British Bank (SABB) has been named as the ‘Best Trade Finance Bank’ in Saudi Arabia for this year by the Global Finance magazine.
The recognition from the magazine comes after an assessment of transaction vol
Islamic finance can play a central role in creating an alternative, more resilient economic and financial system, Central Bank of Bahrain Governor Rasheed Al Maraj has said.
According to him, at its core, Islamic finance was based
More than 200 private bankers, independent asset managers, family offices and corporate service providers took part in Dubai Forward, which was organised by the Swiss group Academy and Finance, in partnership with Mashreq Private Banking.
The upcoming Global Islamic Investment Gateway (GIIG) in Manama will help consolidate Bahrain's standing as a leading innovator in Islamic finance always open to exploring new ideas, according to Economic Development Board (EDB) chief econom
The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Islamic Development Bank (IDB), the global umbrella organisation for Islamic financial institutions (IFIs), has launched a roundtable meeting of the directors of o
Citi, a banking and financial services corporation in the Mena region, has signed an agreement with UAE’s national airline Etihad Airways to provide a Supply Chain Finance (SCF) solution to pay select suppliers.
The innovative fin