KHCB announce net profit of BHD 1.2 million for Q2 2014
Khaleeji Commercial Bank (KHCB), a prominent Islamic retail Bank, announced its financial results for the second quarter of 2014 making…
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Al Baraka Banking Group raises its profit to $143m
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced a net profit of $143m for the…
Noor Bank appoints new Treasurer
Noor Bank announced the appointment of Damian White as Treasurer in a statement on Sunday. The role entails managing…
Doha Bank head gets ‘Best Banking Chairman’ award
Sheikh Fahad bin Mohammad bin Jabor Al Thani , Chairman of Doha Bank Board of Directors has been honored with…
Sovereign wealth funds embark on global spending spree
The world’s big government owned investors went on a spending spree in the first half of the year, with the…
Oman's Islamic Finance Net Revenue Soar 147%
Oman’s Islamic banking sector witnessed significant growth during the first half of 2014 in terms of deposits and revenues amid…
BMI Bank's operating income increases 6pc
BMI Bank, a subsidiary of Al Salam Bank Bahrain, has reported a loss after provisions of BD3.1 million for the…
Middle East banks 'set for global expansion'
World trade flows, increased gross domestic product (GDP), a growing middle class and new technologies will help banks based in…
KFH to pay fees for empty pieces of land
Kuwait Finance House Chairman, Hamad Al-Marzouq stated that KFH took the initiative to pay the prescribed fees for empty pieces…
Arab Bank Plc faces Hamas financing trial in U.S.
Arab Bank Plc goes on trial next week in New York over claims that it provided material support to the…
Don’t cry for me || Israeli company may help Argentina to escape huge hedge fund debts
Black Cube, a business intelligence startup owned by Israelis, is negotiating with the government of Argentina for the hiring of…
Dubai’s Amlak Agrees $2.7 Billion Debt Deal With Creditors
Amlak Finance PJSC, the Dubai-based Islamic mortgage provider, has agreed to a $2.7 billion debt restructuring that may pave the…