HSBC Saudi Arabia Launches New GCC Equity Income Fund
The fund is an open-ended Islamic Shariah compliant fund which aims to achieve capital growth and providing income,…
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Banks
BNP Paribas To Let Italian Unit Issue Own Funding
BNP Paribas (BNPP.PA) is expected to start issuing bonds through its Italian arm BNL rather than funding the unit…
Qatar First Investment Bank Raises Equity Stake In Al Rifai To 35%
Qatar First Investment Bank (QFIB), Qatar's independent Islamic investment bank authorized by QFC Regulatory…
Egypt Sees IMF Deal In 2 Months, Eyes World Bank Aid
Egypt's prime minister expects to conclude a $4.8 billion IMF loan deal within two months and is in talks for…
Yields Drop At Egypt 91-, 266-Day T-Bill Auction
Average yields declined on 4.5 billion Egyptian pounds of treasury bills auctioned by Egypt's central bank on…
Sukuk Demand May Jump 300%
The global demand for Islamic bond, known as sukuk, is expected to jump 300 per cent to $900 billion by 2017,…
Oman Housing Bank Approves 302 New Housing Loans Worth RO13m
Oman Housing Bank SAOC (OHB) approved 302 new loans worth RO13,000,000 from August 14 to September 5, in a response…
Bank Muscat Hosts Workshop On ATM Fraud Prevention
bank muscat, the leading financial services provider in the Sultanate, organised a workshop on ATM fraud prevention…
U.A.E. Nuclear Program Gets $2 Billion Loan From U.S. Exim Bank
Emirates Nuclear Energy Corp., the state-owned company developing an atomic power plant in the United Arab…
Jpmorgan Said To Face Escalating Senate Probe Of CIO Loss
JPMorgan Chase & Co.’s (JPM) wrong-way bets on derivatives are the focus of an escalating investigation by a…