Kuwait's Burgan Bank Q1 net profit rises 2 pct, misses estimates
Burgan Bank, Kuwait's third-largest lender by assets, reported a 2 percent rise in first-quarter net profit on Monday, missing analysts'…
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Banks use loopholes to hike Emiratisation
Many Emiratis working in banks complain of being ill-treated and marginalised; say they are appointed in junior positions or are…
ADIB net profit for Q1 increases 10.1%
Abu Dhabi Islamic Bank (ADIB) Group has reported a net profit of AED 450.8 million for the first quarter of…
QBIC and QFBA partner for future business development
Qatar Business Incubation Center (QBIC) and Qatar Finance and Business Academy (QFBA), signed a memorandum of understanding on May 3rd,…
Dubai plans $1.2bn new creative business hub
Tecom Investments plans to invest AED4.5 billion ($1.2 billion) in setting up an “innovation hub” for Dubai’s creative industries. …
Bahrain's GFH says to buy mall in Saudi Arabia
Bahrain-based Islamic investment firm GFH will buy a mall in the Saudi Arabian city of Jeddah for $48 million, it…
Mashreq Bank expands in Egyptian retail banking market
As part of the bank’s expansion plans, Mashreq Bank plans to increase staff amongst other initiatives to amplify the bank’s…
Jafza posts 17% jump in new companies in 2014
Jebel Ali Free Zone, the flagship Free Zone of Dubai and trade and logistics hub for the wider Middle East…
Bahrain Central Bank Puts Bank, Insurer Into administration
Bahrain’s central bank said it has placed two Iran-linked companies, Future Bank and Iran Insurance Co, into administration to protect…
Sharjah Islamic Bank celebrates listing of AED1.84 billion Sukuk on Nasdaq Dubai
Mohammed Abdulla, Chief Executive Officer of Sharjah Islamic Bank, rang the opening bell to celebrate the listing of an AED1.84…
NBAD Launches WECAfrica & Asia Frontier Market Fund
The National Bank of Abu Dhabi (NBAD) has launched the "West-East Corridor (WEC) Africa & Asia Frontier Market Fund",a foreign…
Saudi Arabia to lead global Islamic banking growth
Saudi Arabia is expected to dominate the asset growth in the Islamic banking industry over the next five years, according…