Bahrain Islamic Bank posts net profit for First Half of 2018
Bahrain Islamic Bank’s Chairman of the Board of Directors, Dr. Esam Abdulla Fakhro, confirmed that the Bank has achieved a…
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Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits
Ithmaar Holding B.S.C., a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank,…
Cryptocurrency is Illegal in Saudi Arabia, Central Bank Says
The oil-rich Kingdom of Saudi Arabia has warned the public against making investments in cryptocurrency, according to a statement of…
UBS: Replacement for North Korea Jogger
The UBS investment banking division has appointed a new head of its mergers and acquisitions business in the Emea region.…
Dubai bank’s Turkish bet just got $1 billion cheaper. And riskier
On the face of it, Emirates NBD PJSC’s acquisition of Turkey’s Denizbank AS has become about $1 billion cheaper. …
REYL Group appoints CEO of REYL Finance in the UAE
Following the nomination of Pasha Bakhtiar as a partner of Bank REYL & Cie in Geneva, REYL Group has appointed…
Credit Suisse Is Splitting Its Main Wealth Unit Into 7 Regions
Credit Suisse Group AG is breaking up its international wealth-management unit into seven regions from four in another push by…
Qatar National Bank names Vietnam as Asia’s newest ‘tiger’ economy
The latest ‘tiger’ economy in Asia is Vietnam as the country emerges as one of the world’s fastest growing economies,…
Waha Capital Q2 profit surges 38.5% on investments and assets management businesses
Waha Capital, which counts Mubadala Investment Company among its shareholders, reported a 38.5 per cent year-on-year rise in the second-quarter…
Trading in Bitcoin illegal in Saudi Arabia
Saudi Arabia has issued a statement saying that Bitcoin and other cryptocurrencies are illegal in the kingdom, in light of…
National Bank of Egypt upgrades UK treasury and risk management operations with Finastra
Finastra today announced that National Bank of Egypt (UK) Limited is deploying Fusion Treasury and Fusion Risk. The treasury…
Israel’s richest woman questioned for hours in suspected Africa bribery case
Israel’s richest woman, US-Israeli billionaire and philanthropist Shari Arison was questioned for 9 hours on Sunday on suspicion of involvement…