Bahrain-based Islamic investment bank registers net profit of $14.8 million
Global Banking Corporation, a Bahrain-based Islamic investment bank, has reported a net profit of $14.835 million for last year, as…
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Bahrain financial sector 'grows on GCC demand'
Growing demand for more sophisticated financial products and services helped drive growth in Bahrain's financial sector during last year according…
Noor Bank Set to Roll-Out Innovative Commodity Murabaha Transaction Services for Corporate and SME Clients
Noor Bank has successfully processed online commodity murabaha financing transactions worth approximately AED 14 million for one of its large…
Islamic banking opens a new window of opportunities
Omani banks have started offering Islamic banking services following the introduction of the Islamic Banking Regulatory Framework in December 2012.…
Global law firm expands corporate offering in UAE
Global law firm Reed Smith has announced the arrival of corporate partner Maher Al Mannaee. Maher, an Emirati National, acted…
Bank “Bahrain and Kuwait” will open branches in the Kurdistan Region of Iraq
Twilight News / Bank of Bahrain and Kuwait (BBK) business, announced planning for the opening of a branch in the…
Egypt named "Best Islamic Bank in Egypt" And won "Best Mudarbah Deal of the year 2013"
For the fourth consecutive year, Abu Dhabi Islamic Bank - Egypt was named "Best Islamic Bank in Egypt". The…
Muslims Ready for a Gold-Based Currency
With over 1.6 billion Muslims around the world and an Islamic economy measured at $8 trillion, it is only a…
A bridge for Islamic banking
Banker Middle East spoke to Humphrey Percy, CEO of Bank of London and The Middle East plc about bridging an…
Luxembourg pension fund adds to Israel boycott woes
Luxembourg's general pension fund is boycotting five Israeli banks associated with illegal Jewish settlements in the West Bank. According…
UPDATE 1-Saudi Arabia to sell 15 pct of National Commercial Bank in IPO
Saudi Arabia's government plans to sell a 15 percent stake in National Commercial Bank, the country's largest lender by assets,…
Alubaf net profit surges 22pc to $37m
Bahrain-based Alubaf Arab International Bank's net profit for last year surged to $37 million, an increase of 22 per cent…