GIB pioneers new retail bank concept in Saudi
Meem, Bahrain-based Gulf International Bank (GIB)'s first customer-designed Sharia-compliant retail bank in Saudi Arabia, launched earlier this week, has its…
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The agreement with IDB on establishment of Islamic Banking legislation considered by the government of Azerbaijan
Baku, Fineko/abc.az. The agreement on the grant to be provided by the Islamic Development Bank (IDB) for establishment of legislation…
TPI announces new Middle East & APAC appointments
Tullett Prebon Information, the provider of financial market data, has expanded its commercial team with three new business development appointments…
Abu Dhabi's banks eye new pastures
The banking sector performed strongly in 2014, led by Abu Dhabi's raft of big-ticket projects, which have proved to be…
Another feather in the cap of Union National Bank
Union National Bank along with its three subsidiaries (Union Brokerage Company, Al Wifaq Finance Company and Injaz Marketing Management Company)…
CIBAFI submits feedback on liquidity rule to IFSB
The General Council for Islamic Banks and Financial Institutions (CIBAFI) has submitted feedback to the Islamic Financial Services Board (IFSB)…
Is Egypt a rising tiger on the Nile?
The people of Egypt had spoken. During eight days in September, Egyptians from all walks of life came together, united…
Two Kuwaiti firms win awards in UAE
Two Kuwaiti companies garnered awards given out by the Islamic Economy Awards 2014 being held in the UAE annually, it…
Saudi's Al Rajhi Bank Q4 net profit falls 1.8 pct, misses forecast
Al Rajhi Bank , Saudi Arabia's second-largest listed lender, posted a 1.8 percent drop in its fourth-quarter net profit, it…
Bank Muscat Q4 profit drops in absence of insurance payout
Bank Muscat, Oman's largest lender, posted a 26.6 percent decrease in its fourth-quarter net profit on Thursday, missing analysts' estimates…
Central bank highlights areas to issue new rules for insurance and takaful
Abdul Rahman Al Baker, executive director for financial institutions supervision at the Central Bank of Bahrain, has said that the…
Dubai's Emaar says banks slash interest rate on $500 mln loan
Dubai's Emaar Properties has agreed with banks to slash the interest rate on a $500 million syndicated loan, the developer…