India's Kotak Mahindra Bank would soon come up with its representative office in Abu Dhabi, its Executive Vice-Chairman and Managing Director Uday...

More Indian banks are entering the UAE's lending market which was represented by a lone Indian bank – Bank of Baroda, until last year. Since...

Investment bank Goldman Sachs Group Inc. has apologised for its role in the crisis and is teaming with billionaire investor Warren Buffett to...

The integration of all systems in Emirates Bank International (EBI) and National Bank of Dubai (NBD), which announced plans for their merger on...

Abu Dhabi Fund for Development (ADFD) has signed an agreement to provide Dh62.44 million ($17m) to build a dam in Tamkeet in Rashidia, Morocco,...

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Executive Council Chairman, yesterday chaired a meeting that reviewed a...

After becoming the first mortgage finance company to obtain a licence from the newly formed "Egyptian Financial Supervision Authority" (EFSA),...

Abu Dhabi Finance, the emirate's new and largest mortgage lender, is celebrating its first birthday with the launch of a special lending solution...

Insurance players are optimistic about growth in premium volumes in the coming three years along with an increase in capital reserves and organic...

Insurance companies in the Middle East that opt for automated underwriting have the potential to increase their profitability by 20 per cent to 30...

Dubai Insurance Company recorded an increase in its third quarter profit to Dh5.6 million from Dh4.8m in the corresponding period of 2008. Profit...

Arab Orient Insurance Company (AOIC), a member of the Al Futtaim Group, yesterday launched seven life insurance products to give its customers a...

Al Masah Capital Limited, an alternative asset management company launched yesterday, will come out with a Mena private equity fund next year, its...

Moody's Investors Service has finalised a new methodology for bank hybrid securities and subordinated debt instruments rating. The rating agency...

Demand for fund managers in the Middle East and Africa (Mena) is growing as financial firms worldwide look for investment opportunities in emerging...

The International Chamber of Commerce has ruled in favour of Hyundai companies seeking to buy a stake in an affiliated refiner, worth about 2.6...

Islamic banks in the UAE are outperforming their conventional rivals in terms of profitability, liquidity and earnings per share, according to a...

There is no better time to sell "responsible" financial products such as Islamic products than today as lessons of a financial crisis buoyed by an...

Global sukuk issuance, that saw a 55 per cent decline last year, surged by more than 40 per cent in the first 10 months of this year compared to...

Islamic banks have attracted more assets than conventional banks in 2009 due to a more conservative approach to risk, according to a survey on...

France's President Nicolas Sarkozy and Saudi King Abdullah agreed in talks on the need to restart Middle East peace dialogue and took a firm stance...

Royal pageantry met hard-nosed electioneering yesterday, as Queen Elizabeth II donned the diamond-encrusted Imperial State Crown to announce the...

Britain's Labour government laid out plans yesterday to halve the burgeoning budget deficit and curb bankers' pay in the hope of reviving its...

Italy's Ferrero and US-based Hershey are reviewing options over a possible bid for Cadbury, but hostile bidder Kraft's $16.8-billion (Dh61.7bn)...