 |
SICO Capital announces new Board of DirectorsSICO Capital, a subsidiary of SICO BSC (c), a Bahrain based Wholesale Bank licensed by Central Bank of Bahrain and a leading provider of asset management, brokerage and investment banking in KSA, has announced its new Board of Directors. The new board in More… |
 |
Foreigners remain net buyers of GCC stocks: Kamco InvestForeign investors, including institutional and retail investors, were net buyers on GCC stock markets during Q2-2024 with net buying at $3.5 billion as compared to $1.5 billion in net buying during Q1-2024. The trend remained positive since the start of More… |
 |
CBUAE's April gold reserves surge 12pc to $5.5bnThe value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED20.36 billion ($5.54 billion) by the end of April 2024, marking a year-on-year (YoY) growth of around 12% from AED18.147 billion in April 2023, reported Wam. The apex bank, in its latest figures relea More… |
 |
Islamic banks account for 21% of gross domestic credit: CBUAEGross credit provided by Islamic banks increased by 1.1% in the first four months of 2024 to AED433.7 billion, constituting more than 21% of aggregate bank loans and financial facilities, according to banking indicators by bank type – conventional banks (CB) and Islamic banks (IB) issued More… |
 |
Abu Dhabi Fund for Development unveils new corporate identityAbu Dhabi Fund for Development (ADFD) has announced the unveiling of its new corporate identity as the Fund marks its 53rd anniversary. The new identity embodies the core values of the UAE community, laying emphasis on the efforts to assist beneficiary countries in achieving their deve More… |
 |
Adopting sharia standard 62 may disrupt sukuk market, says S&PThe adoption of the new sharia standard 62 could disrupt the sukuk market as soon as next year, according to top ratings agency S&P Global. The Accounting and Auditing Organization for Islamic Financial Institutions' sharia standard 62 could reduce iss More… |
