World Finance announces winners of 2017 Islamic Finance Awards
Conventional banks may have been left reeling by 2016's numerous economic shocks, but Islamic Finance has continued to thrive over…
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Bank relocating its Gulf operations to Bahrain
Kuwait-Turkish participation Bank Inc., Kuwait Finance House’s leading subsidiary in Turkey, has announced the relocation of its Gulf operations and…
Bahrain's Al Baraka Banking Group planning dollar sukuk issue
Bahrain's Al Baraka Banking Group, a sharia-compliant lender, plans to issue U.S. dollar-denominated sukuk, banking sources said on Tuesday. …
AlBaraka Türk wins $213m financing
AlBaraka Türk, one of the pioneers in the field of interest-free banking in Turkey, has reported the success of its…
ICIEC governors to meet
Under the patronage of His Excellency the King of Kingdom of Saudi Arabia, Salman bin Abdulaziz Al Saud, the Board…
Dubai contractor Arabtec asks banks to waive debt terms
Dubai-listed Arabtec Holding, which reported accumulated losses of Dhs4.6bn ($1.25bn) last year, is asking banks to waive terms on its…
Conservative lending curtails profitability of UAE banks
Profitability of UAE banks continues to be under pressure, largely driven by conservative lending, although liquidity and risk metrics have…
Waleed El-Amir Joins Evercore As Senior Advisor for the Middle East, Africa and Turkey
Evercore has announced that Waleed El-Amir has joined the Firm's Investment Banking business as a Senior Advisor for the Middle…
Gulf International Bank Selects Coupa
Coupa Software, a leader in cloud-based spend management,has announced that Gulf International Bank has selected Coupa's Purchase to Pay and…
Report: 62% Of MENA Bank Account Holders Adopt Digital Banking
A majority of people in the Middle East and North Africa remain unbanked, but a recent report by Arabnet, a…
Saudi Al Rajhi Bank net profit up 10.1 percent, RBS-backed Alawwal's profit drop
Al Rajhi Bank 1120.SE, Saudi Arabia's second-largest lender by assets, reported a 10.1 percent rise in its first-quarter net profit…
Jerusalem gets 1st Palestinian bank branch
The first branch of a Palestinian bank was inaugurated Monday in Israel-held East Jerusalem, in the first such move in…