Mashreq reports 7.2% increase in net profit
Mashreq, one of the UAE's leading financial institutions reported a 7.2% increase in its net profit for the first half…
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Islamic Bank of Britain boosts efforts to attract ethical savers
As consumer dissatisfaction with the UK banking sector continues, the Islamic Bank of Britain plc (IBB) has stepped up its…
Kuwait’s NBK Posts 42% Q2 Profit Drop
The head of Kuwait’s biggest bank blasted the country’s political deadlock in a rare public outburst for the Gulf Arab…
Latham and Watkins advises joint lead managers in the largest USD Sukuk offering
Latham & Watkins represented the joint lead managers in the State of Qatar's recent sovereign Sukuk. The $4bn…
UAE brokerages under threat as volumes fall further
Stockbrokers in the UAE fear many more securities firms are likely to close their doors in the second half of…
Commercialbank delivers half-year net profit of QAR 1.017 billion
Commercial Bank of Qatar (Commercialbank) reports H1 net profit up by six per cent compared with QAR 956 million achieved…
Fees earned by banks in MidEast up 5% in first half 2012
The 20 biggest global banks earned a combined US$234.8m in fees from their Middle East businesses in the first half…
National Kuwaiti bank results mirror malaise
The National Bank of Kuwait has reported a sharp drop in net profits and warned the country's persistent political gridlock…
Barclays stays on UAE rate panel after bank request
Barclays Plc, which plans to leave a 12-bank group in the United Arab Emirates whose quotes determine the interbank lending…
Clifford Chance advises on $500m Emirates Islamic Bank trust certificates issuance
Clifford Chance's Dubai Office has advised Emirates Islamic Bank PJSC ("EIB") and Emirates NBD PJSC ("ENBD") on the issuance…
ICIEC's H1 investment, export insurance funding $1.5 billion
Under the Chairmanship of Dr. Ahmed Muhammad Ali, the President of Islamic Development Bank (IDB) Group, the Board of Directors…
Bahrain Boosts Investor Confidence
Global investor confidence in Bahrain is boosted by the success of a recent $1.5 B bond issue. The first conventional…