MidEast banks face profits crunch amid lag on digital services
The Middle East's banking sector risks seeing profits slump over the next five years if it continues to lag behind…
Retail Banking
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Qatar banks' loan book grows as deposits shrink
Qatar banks' loan book continued its growth trajectory in January 2016, increasing by 1.3 percent month-on-month (MoM) after increasing by…
Nigeria welcomes Islamic Bank infrastructure financing offer
President Muhammadu Buhari Thursday in Mecca welcomed an offer by the Islamic Development Bank, IDB, to organize a financing round-table…
Qatar's Masraf Al Rayan sees 8-10 pct profit growth in 2016 – chairman
Qatar's largest sharia-compliant bank Masraf Al Rayan is expected to post annual profit growth of between 8 and 10 percent…
Qatari bank Al Khaliji eyes capital bond issue
Qatar's Al Khalij Commercial Bank secured shareholder approval on Tuesday to issue up to 2 billion riyals ($549.2 million) of…
Bahrain to discuss bank regulations with US
Bahraini authorities will discuss with the US Treasury the problem of international banks becoming reluctant to deal with banks in…
Ahli United Bank posts 11.1 pct rise in Q4 net profit
Ahli United Bank (AUB), Bahrain's largest lender, posted an 11.1 percent increase in its fourth-quarter net attributable profit on Tuesday.…
Ithmaar Bank becomes the first bank in Bahrain to get Twitter verification
Ithmaar Bank , a Bahrain-based Islamic retail bank, announced today ed note 20/02/16 that it is the first bank in…
SICO announces net profit of BD 2.8 million for 2015.
Securities & Investment Company, licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial…
Bank Sohar Receives STP Recognition from J.P. Morgan Chase Bank, National Association
Marking its third award of the year, Bank Sohar was recently recognised as one of the best 'Straight Through Processing'…
Turkey opens second state-owned Islamic bank
Recent development In an effort to increase the market penetration of Islamic financial services and to ensure a competitive…
Al Baraka Banking Group Net Profits Raise by 4%
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that its total operating income reached…