Islamic finance has become an integral part of the financial sector in the UAE due to the presence of a strong regulatory environment that balances regulatory and legal requirements with the provisions of Islamic law. The CBUAE said that the assets of Islamic banks and windows in conventional ...
The CBUAE said that the assets of Islamic banks and windows in conventional banks currently represent 23 percent of total banking assets in the UAE, after achieving a growth of 16 percent over the past five years. The sukuk market is also witnessing an expansion in the UAE, as the federa...
The three largest Israeli banks have segregated assets in accounts belonging to Russian citizens or Russian tax residents, Forbes reported on Wednesday, citing Mark Oigman, the founder of international financial company SmartGen. Previously, the EU's largest depositary Euroclear demanded that its partner...
Saudi Arabia had the notably greater share of net profit, at 34.3%, followed by Qatar (16.4%), the UAE (12%) and Malaysia (11.8%). Out of the 100 Islamic banks, 42 are from Asia. These banks held 29% of the aggregate total assets of the 100 largest Islamic banks, but only ...
Access Holdings, the parent company of Access Bank currently has a UK subsidiary and operates representative offices in China, Lebanon, and India. Its UK subsidiary also operates a branch in Dubai, the UAE. Its current international operations serve corporations and other banks at the institutional...
The UAE Banks Federation, the unified representative and voice of UAE banks, organised the region's largest Cyber Wargame event on 6th October 2022, as part of its ongoing efforts to enhance cyber security and ...
The UK’s largest oil and gas producer Harbour Energy has reported a modest net profit in its 2023 financial results, and is coming to terms with the one-year extension of the windfall tax just announced by the UK government. Harbour reported a $32 million net profit compa...
A leading showcase of the KEZAD’s capabilities in the sector lies in its critical role as part of the UAE-based HOPE Consortium, which facilitates the distribution of millions of COVID-19 vaccines across the world. AD Ports Group commissioned 19,000 m2 of cold ...
exchanges in Europe, has announced its participation in two of the critical events of the blockchain industry this year — the Paris Blockchain Week Summit, which will take place on April 9–11, 2024, in the Louvre, Paris, and Tok...
In 2017, HL merged with UASC and became the world's 5th largest containership company. UASC is a Dubai-based joint venture (state-owned by UAE, Bahrain, Saudi Arabia, Kuwait, Qatar, Iraq), with annual TEU capacity 470,400+ (market share 2,4%). Hapag-Lloyd-UASC merger started on May...