Ithmaar completes First Leasing merger, increases capital to US$758million
Ithmaar Bank has announced that it had merged with one of its Bahrain-based associates, First Leasing Bank. The announcement follows…
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ICBC rides high on Mideast boom
China's biggest lender Industrial and Commercial Bank of China (ICBC) said in Dubai Saturday that its Middle Eastearn branch achieved…
BMO Harris Private Banking Market Outlook: Positive Signs Resonate Worldwide in Early 2013
BMO Harris Private Banking's latest Market Outlook Commentary Report reveals that 2013 is off to a robust start with several…
Swiss private bank eyes Saudi market as it seeks to expand
Swiss private bank Julius Baer, which focuses on servicing high net worth individuals and independent asset managers, is considering establishing…
Bank Nizwa seeks relaxation for investing funds
Bank Nizwa is going to request the Central Bank of Oman for allowing the bank to get relaxation in deploying…
Kuwait's KIPCO posts 19% rise in Q4 profit
Kuwait Projects Company (KIPCO), the country's largest investment company by assets, reported a 19 percent rise in fourth-quarter net profit…
GFH profits hit $10 million
Gulf Finance House (GFH) yesterday reported a net profit of $10.03 million for 2012 as compared to $0.38 million in…
KPMG wins award for industry role
KPMG has been named Best Islamic Assurance and Advisory Services Provider at the 2012 Euromoney Islamic Finance Awards. This marks…
IBQ wins Award for Best Private Bank for Privacy and Security
International Bank of Qatar, has been recently recognized for the second year running with a Euromoney award, being awarded the…
Al Baraka Islamic Bank wins Best Islamic Bank in Bahrain Award
Al Baraka Islamic Bank B.S.C was chosen as the Best Islamic Bank in the Kingdom of Bahrain for 2012, through…
Turkey lures Asia investors as it looks east for capital
When Turkish conglomerate Anadolu Holding put its 75% stake in Alternatifbank up for sale last year, a distant potential suitor…
Qatar has potential to become major Islamic finance platform, says QIIB CEO
Qatar can become a major global platform for Islamic finance in view of its resources, expertise in Shariah-compliant products and…