Dubai Islamic Bank closes $500m sukuk issue
Dubai Islamic Bank said it has successfully closed $500 million (Dh1.8 billion) Sukuk issuance, marking the reopening of the market…
Financial Results
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Gulf banks expected to struggle on profit growth
Arabian Gulf banks may struggle to maintain profit growth rates of previous years as lower oil prices crimp regional economic…
KFH Group Chairman presents 2015 Annual Report – Bank continues to manage risks efficiently and make required provisions
“This year’s results are conclusive evidence of Kuwait Finance House’s major success in strengthening the Bank’s position and improving its…
GCC banks' revenue growth rate plunges back to single digit
Lower oil prices are beginning to impact the banking industry in the Gulf Cooperation Council region, with revenues and profits…
Kuwait's Burgan Bank Q4 net profit rises 31 pct
Burgan Bank, Kuwait's third-largest lender by assets, reported a 31 percent rise in fourth-quarter net profit on Sunday. A…
National Bank Of Abu dhabi Bows To Pressure with Dividend Hike
National Bank of Abu Dhabi, the United Arab Emirates' largest lender by assets has hiked its 2015 dividend after investor…
Khaleeji Commercial declares 5pc bonus shares
Bahrain-based Khaleeji Commercial Bank (KHCB), a leading Islamic bank, held its annual general meeting (AGM) yesterday (March 15) in Bahrain,…
Mixed fortunes on UAE bourses
Shares in Dubai ended the day in negative territory as investors booked profits, while a recovery in Etisalat pushed Abu…
Temasek Named Most Active Sovereign Wealth Fund Again
There were 92 sovereign wealth funds in the world managing over $7 trillion in 2014, an increase of $1.2 trillion…
Fitch Ratings raises Turkey's growth prospect from 3 to 3.5 pct
U.S.-based credit rating agency Fitch Ratings' Chief Economist Brian Coulton announced that the agency increased Turkey's growth prospect from 3…
QCB Governor Says Qatar Banks Record Good Growth in 2015
HE the Governor of Qatar Central Bank Sheikh Abdullah bin Saud Al-Thani said Qatar's banks recorded healthy growth in 2015…
OAB announce financial results for 2015
Net interest income rose by 12 per cent for the year ended 2015 to reach RO 49.13 million while non-interest…