CBI reports Dh108.7 million first half net profit
The Commercial Bank International on Tuesday reported a net profit of Dh108.7 million for the first half of 2014, up…
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HSBC Bank Oman posts Q2 2014 results
HSBC Bank Oman S.A.O.G. announced a net profit of OMR 5.7 million for the first half of 2014. While…
Middle East Seen Gaining Gold Share as Trading Expands
The Middle East will take a bigger share of gold demand as buyers from Kuwait to Saudi Arabia to the…
CBB Sukuk Al-Salam Securities oversubscribed by 306%
The Central Bank of Bahrain yesterday announced that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD…
Qatar International Islamic Bank H1 net profit up 10 per cent
International Islamic’s net profit for H1 2014 stood at QAR 402 million compared with QAR 365 million during the same…
Abu Dhabi Commercial Bank posts 22 pct Q2 net profit hike
Abu Dhabi Commercial Bank , the fourth-largest lender by market value in the United Arab Emirates, beats estimates on Tuesday…
Qatar's largest Islamic bank posts 12% rise in Q2 net profit
Masraf Al Rayan, Qatar's largest Islamic lender by market value, reported a 12.1 percent increase in second-quarter net profit on…
Number of entries for ADIB & Thomson Reuters' Ethical Finance Innovation Challenge and Awards (EFICA) exceeds last year
Abu Dhabi Islamic Bank and Thomson Reuters ' second Ethical Finance Innovation Challenge and Awards have already received high levels…
Saudi to Open Up $531 Billion Stock Market to Foreigners
Saudi Arabia will open up its stock market to international investors, giving foreigners greater access to the Arab world’s biggest…
Islamic Development Bank places $1 billion sukuk
Jeddah-based Islamic Development Bank (IDB) issued $1 billion in five-year Islamic bonds, or sukuk, earlier this month, the largest ever…
Jordan’s banks continue to perform strongly
While Jordan’s economy remains weighed down by a number of challenges, the banks continue to perform strongly, with intended new…
Fitch Affirms 5 Omani Banks' IDRs; Upgrades 3 Banks' Viability Ratings
Fitch Ratings has affirmed Bank Muscat's Long-term Issuer Default Rating at 'A-' and the IDRs of National Bank of Oman,…