Sunday 26 March 2017
 
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Top banking executives set to attend Meftech

The region’s most powerful banking and financial services executives will descend on Abu Dhabi tomorrow (Monday) as Meftech 2017, the Mena region’s most prestigious financial technology exhibition, gets underway. Mefte

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UAE Islamic banking assets soar to $141bn

The total Islamic banking assets in the UAE have increased to approximately Dh520 billion ($141.58 billion) in the past few years, said Saif Hadef Al Shamsi, assistant governor for monetary policy and financial stability at the UAE Central Ban

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Mideast debt issuance hits $77bn, highest since 1980

Middle Eastern debt issuance reached $77.8 billion in 2016, a 145 per cent increase compared to the value raised during 2015 and by far the highest annual total in the region since records began in 1980, said a report from Thomson Reuters, a lea

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ICD to implement new Islamic finance model

The Islamic Corporation for the Development of the Private Sector (ICD) has signed an agreement with AlHuda Center of Islamic Banking and Economics (CIBE) to implement its new banking model. The Islamic Corporation for the Develop

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Bank of Singapore to open branch in DIFC

Bank of Singapore today announced that it has been granted a Category 4 licence to operate a branch in the Dubai International Financial Centre (DIFC), Dubai. This allows Bank of Singapore to offer a comprehensive range of customi

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Emirates NBD launches first pilot blockchain network

Emirates NBD today announced the successful launch of the bank’s pilot blockchain network for banking services, a first for a private sector entity in the UAE. The bank, a front-runner in digital banking solutions and a memb

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QNB nine-month profit jumps to $2.7bn

QNB Group, the largest bank in the Middle East and Africa (MEA) region, posted a net profit of QR9.7 billion ($2.7 billion) for the first nine months of 2016, up 11 per cent compared to the same period last year. Total assets reac

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Investcorp buys 10 new properties in US

Investcorp, a leading provider and manager of alternative investment products, today announced that its US-based real estate arm has acquired five multifamily apartment complexes and five student housing properties in several major metropolitan

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Investcorp buys 10 new properties in US

Investcorp, a leading provider and manager of alternative investment products, today announced that its US-based real estate arm has acquired five multifamily apartment complexes and five student housing properties in several major metropolitan

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China uncovers $30bn worth of illegal banking activity

Chinese police have this year uncovered $30 billion worth of illegal banking activity, involving 158 cases of underground banks and money laundering, the official Xinhua news agency reported the Ministry of Public Security (MPS) as saying late o

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