Islamic Finance

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  How Indian expats in UAE can cash in on rupee@55 to US dollar

  Converting dollar-denominated investments to rupee is one option: financial expert

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  GCC banks perform better in Q1

  Quarter profits are highest in 5 years on the back of lower provisions

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  UAE NRIs in seventh heaven as rupee slumps to Rs15 vs. Dh1

  Rupee plunges to record low for the fifth session in a row; now trading below Rs55 against $1

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  GIH wins $250m NBQ case

  On top of $250m, NBQ will also pay an extra $79m in interest

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  ENBD has largest bank network in UAE

  Bank controls nearly 15 per cent of UAE’s total 791 bank branches

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  Another day, another low for Indian rupee; now @14.94 vs Dh1

  Currency remittance houses report brisk business on the back of a battered rupee

• Dubai's Ridge buys Egypt’s Rashad

  Dubai-based regional investment bank Ridge Capital has bought 100 per cent of Egyptian asset management firm El Rashad

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  Saudi to see stable growth: report

  Economy to perform well in 2012 but Gulf tensions remain a risk

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  Bank deposits surge; credit is slow

  Deposits soar by around Dh37bn, boosting assets to record high

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  UAE banks’ Q1 profits down 3.7%

  ADCB net earnings surged by almost 40%

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  Arabtec confirms Aabar’s stake

  Rejects reports that Aabar increased stake to 53 per cent

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  Dubai GDP to grow 4-5% in 2012

  Forecast is far higher than projections by most institutions

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  ADCB profit to slow down this year

  Real estate to continue to add pressure on ADCB asset quality in the short term: Fitch

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  DIB picks banks for sukuk

  Sukuk was likely to be a benchmark-sized, five-year issue

• Central Bank organises workshop between UAE and UK

  The Central Bank of the UAE announced today that a Joint Workshop between UAE and the United Kingdom regarding "

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  Bank of Montreal opens UAE office

  Bank will market wealth management and investment banking services

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  Expats despair as rupee rebounds

  India delaying new tax avoidance rule impacts currency

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  New Dubai trade licences up 27%

  Numbers highlight stability and growth of the key sectors

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  UAE banks have highest adequacy in GCC

  Regional banks are bolstered by strong economy but still have some problems

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  GCC banks to perform better in 2012

  Banks’ profits were up in 2011 but remain below pre-crisis peak levels