Banking & Finance

Dubai’s largest bank has announced that it will be offering a debt swap to investors in an effort to bolster capital adequacy.  Emirates NBD...

Bloomberg Markets has released their latest data on the strongest banks in the world, and Singapore’s OCBC (Overseas-Chinese Banking Corp) leads the list.  The...

While delivering an address at the Oxford Centre for Islamic Studies in London, Malaysian Prime Minister Datuk Seri Najib Razak touted the benefits of...

IPIC (The International Petroleum Investment Company) revealed in recently disclosed financial statements that the Abu Dhabi government-backed corporation posted a 65% decrease in profits...

In order to protect he interests of investors, the Dubai government has taken over Dubai Bank from its parent company, Dubai Holdings.  It’s estimated...

Singapore is looking to overtake Hong Kong as the capital of international fund management.  With $1.1 trillion in assets, up 13% from last year,...

Next week’s roundtable meetings with the Prime Minister of Malaysia and several big-name US companies is expected to lead to the announcement of a...

Despite a 31.5% decrease in earnings over the first quarter of 2011, SingTel remains confident about its long-term investment in Indian telecom Bharti.  The...

In what is seen as a landmark victory against Wall Street Corruption, Raj Rajaratnam was found guilty yesterday on all counts of fraud and...

The United Arab Emirates seem to have benefitted from international turmoil in neighboring regions, and are touting their reputation as a so-called “Switzerland of...

After a bizarre series of events, Indonesian regulators have imposed serious sanctions on Citibank Indonesia.  They will be prevented from opening new branches for...

For a real estate developer such as Mohammad Alabbar, chairmain of Emaar, the Emirati company, there is no time to waste on such trivialities...

Glencore, the world’s largest commodities trader, recently announced a flotation valued at $11 billion.  Now, Aabar (owned by Abu Dhabi’s International Petroleum Investment Company)...

In a move uncharacteristic of the secretive Swiss banking industry, authorities there have frozen hundreds of millions of dollars belonging to deposed and current...

The largest commodities trader in the world, Glencore, has announced that it values its impending flotation at about $61 billion.  Shares will be offered...

Toby O’Connor has been named the CEO of DBS Group’s Islamic banking branch, Islamic Bank of Asia (IB Asia). After a period that has...

Corporate, consumer, and SME & commercial lending by Bank Internasional Indonesia Tbk led the Malaysian backed company (Maybank ) to post record growth at...

In its quest to expand in the Islamic bank industry, Bahraini lender Al Baraka has announced plans to purchase an Indonesian bank at some...