The ruling failed to hold the Lebanese Canadian Bank SAL responsible for financing the Lebanon-based Islamic group through its New York account with American Express Bank. (Yalibnan)
August 25, 2016 - 06:30 GMT
A NY Court of Appeals unanimously rejected compensation claims by plaintiffs related to victims of 2006 Hezbollah rocket attacks, citing a similar case against Arab Bank.
In a trend reflected throughout the Gulf, Saudi Arabia has also turned to international markets to borrow money, raising a $10 billion international loan last month.  (Shutterstock)
August 24, 2016 - 12:00 GMT
Saudi Arabia continues its fundraising efforts with another SR20 billion domestic bond offer.
STP citibank award
August 24, 2016 - 08:44 GMT
Gulf Bank today announced it has been awarded the prestigious ‘Straight Through Processing Excellence’ Award 2015 from Citibank for theBank’s 95% + commercial payments STP rate.
Mario Camara
August 24, 2016 - 07:27 GMT
Saxo Bank announces today two senior appointments as it continues to grow and invest in its retail and institutional functions across the Middle East.
During the event
August 23, 2016 - 06:13 GMT
Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has been named as the ‘Preferred Remittance Centre of the Year’ at The Filipino Times (TFT) Awards 2016.
Eureeca said it now has 12,000 active investors from 42 countries with an average investment of $5,900. (Shutterstock)
August 23, 2016 - 05:29 GMT
The equity crowdfunding platform raised $400,000 over 12 days, and attracted 44 global investors.
Banks and financial institutions have until the end of November 2016 to be in compliance with the terms of the circular. (File photo)
August 22, 2016 - 09:00 GMT
Lebanon's Central Bank has prohibited all commercial banks and financial institutions from transactions with unlicensed money dealers and money lenders.
Bank Nizwa - SQU Summer Course
August 22, 2016 - 06:28 GMT
Bank Nizwa, in collaboration with Sultan Qaboos University (SQU), is offering a Summer Program on the fundamentals and principles of Islamic finance.
A woman stands in line for subsidised bread. (AFP/File)
August 21, 2016 - 11:00 GMT
Squeezed by economic and political turmoil since the 2011 uprising that toppled Hosni Mubarak, Egyptians are preparing for a new era of austerity.
During the event
August 21, 2016 - 09:57 GMT
Capital Club, the Kingdom’s Premier Private City Club, is proud to announce its new monthly series of ‘Celebrity Chef’.
Aref Al Ramli, Head of Digital Banking, Mashreq
August 21, 2016 - 09:40 GMT
Mashreq, the market leader in innovation, is once again revolutionizing the mobile space by introducing a new card control capability which is integrated with its award-winning mobile banking Snapp and the Tap n Go wallet.
Kochi branch
August 18, 2016 - 06:20 GMT
Doha Bank is set to inaugurate the state of the art branch in Kochi, the only branch of a GCC based bank in India. Kochi branch will be located in the LULU International shopping Mall at Edapally.
The successful auction follows Qatar's nine billion dollar sale of Eurobonds in May 2016, which marked the largest-ever bond issue in the Middle East.  (File photo)
August 17, 2016 - 05:00 GMT
Qatar's central bank has auctioned three billion riyal in a successful domestic bond issue.
Digitization will also fuel lateral job movements and a repositioning of current jobs in the financial sector.  (Shutterstock)
August 15, 2016 - 09:00 GMT
Digital transformation in the financial sector has the potential to create a myriad of new services in MENA, especially for personnel with specialised skills.
Mr. Hisham Alrayes, CEO of GFH
August 15, 2016 - 06:24 GMT
GFH Financial Group (“GFH”) announced a net profit attributable to shareholders of $11.5 million for the first half of the year ended 30 June 2016.
The divestment is part of Dubai Financial Group's restructuring plan. (Aswat Masriya)
August 15, 2016 - 06:00 GMT
Dubai Financial Group has sold its stake in EFG Hermes to French lender Natixis in deal rumored to be worth over $100M.