01/28/2014
Emirates NBD, Dubai's biggest bank, on Monday reported an 8% year-on-year rise in fourth-quarter net profit amid a resurgence in the local economy and a sharp rise in net interest income.
01/27/2014
Mashreq, Dubai's third-biggest lender by assets, on Monday posted a 48 percent rise in fourth-quarter net profit
01/26/2014
This growth in performance translated in higher returns on assets of 1.15%and on equity of 6.70%. Asset quality and provision coverage ratios improved significantly compared to 2012. Capital Adequacy at 26.93%remained strong and robust well above industry
01/25/2014
Jordan's largest lender, Arab Bank Group, posted a 43 percent rise in net profit to $501.9 million last year on higher revenues
01/24/2014
The National Bank of Abu Dhabi is organising the sixth Global Financial Markets Forum in March
01/22/2014
BK reported a full-year profit for 2013 at $844 million, down from the $1.08 billion recorded for 2012.
01/21/2014
The disposal is expected to complete inside the first-half of 2014 and is in line with the bank's strategy of selling off its non-core assets in order to make HSBC easier to manage and control.
01/21/2014
Qatar's Barwa Real Estate said on Monday it had agreed to sell its 37.34 percent stake in unlisted Barwa Bank for 2.39 billion riyals as part of a wider deal to help the property developer cope with its debt burden.
01/17/2014
Net loans and Islamic financing increased by 9.7 per cent to 6,143 million rials
01/13/2014
Saudi companies issue brief earnings statements early in the reporting period before publishing more detailed results later.
01/10/2014
Four Lebanese banks are vying to acquire the license and assets of Standard Chartered bank in Lebanon with strong indications that the winner would be determined in less than two weeks, bankers said Thursday.
01/06/2014
The new Mandoos Scheme will also see 30 customers winning OMR 1,000 each every month, and 4 customers winning OMR 50,000 each, in both March and June.
12/30/2013
Among its unique initiatives United Arab Bank recently launched the region's first FC Barcelona branded Credit and Debit cards and is sending hundreds of football enthusiasts on all-expenses-paid trips to Spain to watch FC Barcelona matches live.
12/29/2013
The award came in recognition of Emirates Islamic’s overall growth and its excellent performance within the UAE banking sector
12/26/2013
"It is also an international recognition of the outstanding achievements of the group as well as our continued contribution to development of Islamic banking industry," he added.
12/16/2013
Lenders in the UAE have on the whole posted strong profit growth in the first nine months of this year, with Bank of Sharjah reporting a 20.4 percent year-on-year hike in net profit for the period.
12/11/2013
The bank headquartered in Erbil has a paid-up capital of 250 billion Iraqi dinar
12/11/2013
Household credit grew at a more moderate pace gaining by KD 47 million. Growth eased to 16.7 percent y/y from the 18 percent pace maintained over the past five months.
12/07/2013
The annual WIBC Awards recognise individuals and institutions that have made significant contributions to the Islamic banking and finance industry.
12/01/2013
Bahrain's Ibdar Bank eyes larger deals after three-way merger
The Islamic lender now has $300 million of paid up capital, $329 million in equity and assets of $360 million, which it hopes can help it win deals in its focus areas of capital markets, private equity and real estate.