UAE bank NBAD sees government deposit outflow easing after $10 bln H1 exit
National Bank of Abu Dhabi, the largest lender by assets in the United Arab Emirates, does not expect further big…
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Kuwait preparing Islamic bond legislation to help finance budget-min
Kuwait is preparing legislation to facilitate issues of Islamic bonds by the government as it assesses options to finance a…
Citi Bahrain wins top Internet banking awards
Citi Bahrain said it has won two major awards for Internet banking. The bank said it won the Best…
Markaz examines trends in the GCC bonds & Sukuk primary marke
Kuwait Financial Centre “Markaz”, in its recent research report titled GCC Bonds & Sukuk Market Survey, has highlighted the trends…
Ahlibank reports 11% rise in H1 net profit
Ahlibank reported an 11 per cent increase in its net profit for the six months period ended June 30, 2015. …
Ibdar Bank exits Bahrain Sakan Development
The exit, which generated strong returns of 15.95 per cent ROI, follows the final sale of all Saar Central villas…
Iran to raise share in Islamic Development Bank
Iran’s Parliament has approved government’s request to increase country’s investment share in fifth round of investment in Islamic Development Bank.…
Dubai regulator fines Arqaam over money laundering rules
The Dubai Financial Services Authority (DFSA) has accepted an Enforceable Undertaking (EU) from Arqaam Capital Limited (Arqaam), a company incorporated…
Latest technology brings greater flexibility and strengthens SEB growth initiatives
Path Solutions announces today that Sudanese Egyptian Bank has successfully completed the implementation of iMAL Islamic core banking system across…
Ibdar Bank exits Bahrain Sakan Development
Ibdar Bank today announced the successful exit from its $30 million construction arm Sakan Development Company. The exit, which…
Mashreq to offer full banking functionality with Emirates ID card
Mashreq today announced the integration of Emirates Identity Authority cards with all its bank processes, allowing customers to open accounts,…
Renaissance Group prices $125 million 7.9 per cent dual-currency perpetual bond
Renaissance Group successfully priced a dual-currency subordinated perpetual bond issuance. An aggregate issue size of $125 million was raised through…