Middle East investment banking fees up 19%
Investment banking fees in the Middle East increased 19 percent last year to US$536.1m from 2011, according to Thomson Reuters.…
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Bank Nizwa launches new era of Islamic Banking in Oman
This pioneering initiative by Bank Nizwa signifies the start of a new era for banking in Oman. The launch was…
Oman: Regulating Islamic finance
In a statement accompanying the regulations, the Central Bank of Oman (CBO) described the IBRF as "a detailed and comprehensive…
USD 131 billion total issuance of Sukuk in 2012 – RESEARCH
KFH-Research issued a report that revealed that total Sukuk issuance by end of 2012 reached USD 131 billion with 54%…
Abu Dhabi Q4 earnings estimates
Following are fourth-quarter net profit estimates for Abu Dhabi Commercial Bank in millions of UAE dirhams. Q4 2012 %change…
Rainy day fund managed by KIA had assets worth more than US$261bn
A rainy day fund managed by Kuwait Investment Authority had assets currently worth more than US$261bn at the end of…
Qatar bank in direct talks with IBB
One of the largest Islamic banks in Qatar is now in direct discussions to buy the issued share capital of…
Dubai Group settles lawsuit over debt deal
Dubai Group, a struggling unit of the ruler of Dubai's personal investment firm, has settled with banks who brought legal…
NBAD moves up ranking in Hawkamah Index
The National Bank of Abu Dhabi (NBAD), has improved its ranking moving up three places to third position in the…
Bank of Bahrain appoints new CEO for India operations
Bank of Bahrain and Kuwait has appointed Mallikarjun Kota as its Chief Executive Officer and Country Head-India Operations with effect…
Bank Nizwa is first in Oman to open doors for Islamic banking
Bank Nizwa, Oman's first dedicated Islamic bank, formally opened its doors to the public making history for the Sultanate's financial…
Turkish banks' January-November net profit rose 19%
Turkish banking profits rose 19 percent to 21.8 billion lira ($12.3 billion) in the first 11 months of the year,…