Bank Muscat's nine-month net profit increases by 24 per cent
Bank Muscat, the largest financial institution in the Sultanate, posted a net profit of OMR126.73 million for the nine months…
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GCC economies thriving on back of high public spending, low debt
The onset of the global crisis has shortened investors’ investment horizons, stoked preferences for liquid assets and dramatically shifted…
Turkey's Ziraat bank gets fast-track approval for Islamic unit
Turkish state-run Ziraat Bank has received regulatory approval from the banking watchdog (BDDK) to establish what would be the fifth…
Banks need to boost vigil against financial crimes: Seetharaman
The Union of Arab Banks hosted the 5th US-MENA Private Sector Dialogue on correspondent banking at BNY Mellon, New…
Banking sector and fiscal policy
Saudi money supply growth touched a 13-month high recently, prompting the Saudi Arabian Monetary Agency to step up the…
Flydubai says in talks with advisors for debut sukuk
Low-cost airline flydubai is in talks with advisers for a potential bond issuance, after reports that the carrier had mandated…
Finalists selected for ADIB-Thomson Reuters Ethical and Islamic Finance Innovation Awards
Abu Dhabi Islamic Bank (ADIB) and Thomson Reuters have selected the finalists for their annual Ethical and Islamic Finance Innovation…
First Gulf Bank Sells 45% Stake In Brokerage
First Gulf Bank, the second largest lender by market capitalisation in the United Arab Emirates, on Wednesday said it was…
Bank Nizwa launches Islamic banking services for women
Maha Saud Al Raisi, Senior Manager, Payments & Cards at Bank Nizwa said, “Our Ladies Banking proposition stems from an…
Boubyan Bank earns some KD 20 million
Boubyan Bank earned KD 20.2 million, at a rate of 10.3 fils per share, in nine months ending on September…
National Bank of Kuwait Q3 net profit falls 15.6 pct
National Bank of Kuwait (NBK), the Gulf Arab state's largest commercial lender, reported a 15.6 percent drop in third-quarter net…
CBB's Sukuk Al-Ijara oversubscribed by 385%
The Central Bank of Bahrain on Wednesday announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara,…