Kuwait’s Warba Bank sets initial price guidance for dollar sukuk
Kuwait’s Warba Bank has set initial price guidance in the high 6 per cent area for its planned US dollar-denominated…
Financial Results
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Ahlibank EGM approves increase in bank capital
Ahlibank’s extraordinary general meeting yesterday approved the increase of its capital by issuing 5% free shares amounting to 9,540,156 shares,…
Al Baraka Bank Egypt net income increases 93% in 2016
Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG) and its investment arm in…
Jordan's foreign reserves up to around $13bln in 2016
The Central Bank of Jordan's (CBJ) foreign reserves stood at $12.883 billion at the end of 2016, sufficient to cover…
Lebanese banks’ Syria affiliates report SYP gains for 2016
In Lebanon This Week, published by Byblos’ Economic Research and Analysis Department, the bank further notes that the seven affiliates…
NBKBahrain posts KD 59.6 mln '16
National Bank of KuwaitBahrain Monday announced net profits of 73.4 million Bahraini dinars (KD 59.6 million) in 2016, compared with…
Dubai Islamic 2016 profit up 6pc to $1.1bn
Dubai Islamic Bank (DIB) has reported a net profit of Dh4.050 billion ($1.1 billion) for 2016, an increase of 6…
Al Baraka Banking Group Achieve US$ 152 million Net Income Attributable to Equity Holders of the Parent in 2016
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced that it achieved a noticeable increase in…
Commercial Bank of Qatar misses forecasts with 99 pct profit slump
Commercial Bank of Qatar, the Gulf Arab state's third-largest lender by assets, reported a 99 percent fall in fourth-quarter net…
Qatar Islamic Bank gets nod to raise AT1 Capital Sukuk limit
Qatar Islamic Bank’s ordinary general assembly has given approval to increase the limit of the perpetual Sukuk from QR5bn to…
Ahli United Bank BSC net profit surges by 6.2% to $570.6 million
Ahli United Bank BSC reported a net profit attributable to its equity shareholders of $570.6 million for the year 2016,…
Abu Dhabi's new $125bn fund taking shape
Abu Dhabi is close to finalising the merger of two of its largest sovereign wealth funds, Mubadala Development Co PJSC…