ABC Islamic Bank announces 264% increase in half-year profit to US$5.1 million
Net profit for the second quarter was $2.1 million compared to $3.0 million in the first quarter. Total income…
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Middle East private banking debate – how to get your relationships right
EXECUTIVE SUMMARY • Only a small proportion of relationship managers get it right, and they need to bring in revenues…
Abu Dhabi Islamic Bank gets approval to operate in Qatar
Abu Dhabi Islamic Bank has received approval from the Qatar regulator to open an Islamic branch in the wealthy Gulf…
Deposit growth fuels profits for Lebanese banks
Lebanon’s four largest publicly listed banks sailed through an Arab political storm and reported a solid 4.6 percent year-over-year growth…
BMI Bank hires Sumaya Redha as Head of Compliance
Bahraini retail and commercial banking institution, BMI Bank announced the appointment of Bahraini Sumaya Redha to the post of Head…
Oman's first Islamic bank may open by end-2011
Oman's first standalone Islamic bank, Bank Nizwa, may open its doors by the end of the year or early 2012,…
Kuwait's KIPCO posts 295pc rise in H1 net profit
Company, also known as KIPCO, announced a net profit of KD16.6m ($60.5m) for the first six months of 2011. This…
US broker fined by bourse regulator closes Dubai branch
E*Trade Financial Corp is closing its Dubai branch, just months after it was fined in the emirate for breaching anti-money…
Magnetic Middle East is the main attraction
After 11 years senior investment experience in Hong Kong, the UAE, Angola and Brazil, Raul Geraldes Silva, the chief…
Middle East a boost for Barclays
An increase in earnings from the Middle East and Africa helped blunt the impact of a decline in profit worldwide…
NBD offers new Sharia-compliant financing
Egypt’s National Bank for Development (NDB), in collaboration with Abu Dhabi Islamic Bank (ADIB), launched a new Sharia-compliant service that…
National Bank of Oman heightens customer service standards
National Bank of Oman (NBO), the first local bank in the Sultanate of Oman, has extended its contact centre…