Turkey treads fine line as state-run trio eye Islamic banking
Three Turkish state-run banks plan to launch Islamic units, widening the reach of interest-free finance in the majority Muslim nation,…
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Bank of Beirut Branches Out To The Wave
The new Bank of Beirut Branch at The Walk an upmarket mall in The Wave, Muscat opened its doors on…
Net Profits of Al Baraka Turk Participation Bank rise by 21 percent in first nine months of 2014
Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced that it had…
EIIB-Rasmala Announces Full Acquisition of Egyptian Asset Management Business
EIIB-Rasmala,a leading specialist asset management and financing group, has today announced its full acquisition of Rasmala Egypt Asset Management S.A.E…
AUB named "Private Bank of the Year, Bahrain" by FT's Global Private Banking Awards
Ahli United Bank has been recognized as the "Private Bank of the Year -Bahrain" in the Global Private Banking Awards…
Islamic finance body IIFM launches collateralised murabaha standard
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralised murabaha transactions, aiming to boost…
NBK-Egypt reports EGP 273.5 million in net profits in the nine-month 2014, up 5.6 per cent y-o-y
As of end of September 2014, NBK-Egypt total assets increased by 29.4 per cent y-o-y to EGP 22.9 billion. Customers’…
Burgan Bank Group comments on Bank of Baghdad announcement of appointing Mr. Faisal Al Haimus as Chief Executive Officer
Burgan Bank Group, the regional commercial bank and the second largest commercial bank by Assets in Kuwait where it is…
SABB Wins the 'Best Cash Management Bank in Saudi Arabia' Award
The Saudi British Bank (SABB) has been recognized by Euromoney Magazine as "The Best Cash Management Provider in Saudi Arabia"…
United Arab Bank signs agreement with Nationals' Defaulted Debts Settlement Fund
United Arab Bank the fastest growing bank in the UAE, has signed an agreement with the Nationals' Defaulted Debts Settlement…
Emirates NBD Promotes Veteran UAE Nationa As Head Of Private Banking In The Gulf Region
Emirates NBD has announced the appointment of longstanding employee, Saod Obaidalla as Head of Private Banking for the Gulf Region.…
Sovereign wealth fund acquisitions surge as confidence returns
Sovereign wealth funds are buying up assets this year at their fastest rate since the financial crisis as these state-run…