Islamic finance industry growth ‘phenomenal’
The Islamic finance industry has witnessed “phenomenal growth” over the past decade, World Islamic Banking Conference Chief Executive David McLean…
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Arab banking expansion plan in focus
The Arab Bankers Association has announced a key initiative to showcase the Arab banking community and its strategic expansion into…
Israel appoints new central bank chief
ISRAEL has appointed the country's deputy central bank chief as the institution's next governor, after a months-long process in which…
Lebanon's Bank Audi says first 9 months' profit for 2013 down 5.5 pct
Sustained activity growth at Odeabank A.S., the Turkish banking subsidiary with US$ 4.9 billion of customers' deposits and US$ 6.6…
Bank Sohar net profit increases 15pc
Bank Sohar yesterday announced a 15.19 per cent growth in net profit at OMR18.11 million for the first nine months…
Qatar's QIB posts 12.4% fall in Q3 net profit
Qatar Islamic Bank, the Gulf state's fourth-largest lender by market value, reported a 12.4 percent drop in third-quarter net profit…
Al Baraka Banking Group and Five Subsidiary Banking Units Receive International Awards
The Bahrain based leading Islamic banking group Al Baraka Banking Group B.S.C. and five of its subsidiary banking units received…
Boubyan Bank profits increase by 22%
Boubyan Bank reported a net profit of KD 9.3 million for the 3rd quarter of 2013 growing by 22% compared…
Bank Muscat Oryx Fund posts strong performance
Bank Muscat Oryx Fund has recorded an outstanding year-to-date (YTD) return of 38.7 per cent, endorsing the fund’s track record…
Falcon Insurance Signs Deal With Bank Muscat
Falcon Insurance Company and bank muscat have signed an agreement to provide life insurance cover to all customers availing consumer…
Dubai Investments’ pioneering models across diversified sectors achieve strong growth
Dubai Investments PJSC– the largest investment company listed on Dubai Financial Market [DFM], has pointed out that its pioneering business…
Doha Bank opens representative office in Canada
Doha Bank, the leading private commercial bank in Qatar, inaugurated its representative office in Toronto, Canada recently. The launch was…