ABC Islamic Bank Announces 23 per cent Increase in 2014 Year-End Net Profit of $15.1 Million
Total operating income rose to $22.2 million, increase of 22.7 per cent over last year, positively covering a 22.4 per…
Retail Banking
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Sharjah Islamic Bank opens its latest branch in Mussafah Abu Dhabi
HE Mohammed Hilal Al Muhairi, Director General of Abu Dhabi Chamber of Commerce and Industry , yesterday opened the latest…
Israel becomes 20th central bank to cut rates this year
The Bank of Israel's decision to cut its benchmark interest rate on Monday has meant it has joined a wave…
Kuwait’s Burgan Bank Q4 Net Profit Jumps
Burgan Bank, Kuwait’s third-largest lender by assets, reported a 424 per cent rise in fourth-quarter net profit on Tuesday. …
ADCB Islamic Banking Signs Agreement with Sharjah Holding For Special Home Finance Offer
Investors in Sharjah's off-plan real estate market can capitalise on attractive Home Finance thanks to a newly signed agreement between,…
United Arab Bank CEO sees 'good loan growth'
“We will outperform the sector,” Trowbridge said in an interview Saturday in Dubai where the bank is building a regional…
The top 2015 UAE retail banking trends
In the past two decades, the UAE has earned a reputation for embracing change, and with a genuine drive by…
QIB gears up for expansion, refurbishment of branches
Qatar Islamic Bank intends to open three to five branches this year as part of the bank’s expansion plans, including…
Kuwait bank manager accused of embezzling $2.76m
The Commercial Bank of Kuwait is investigating claims a branch manager embezzled KD815,000 ($2.76m) from customers’ accounts over two years,…
Al Rayan Bank appoints chairman
Al Rayan Bank, formerly known as Islamic Bank of Britain, has announced the appointment of Robert Sharpe as Chairman. The…
Markaz posts KD4m net profit for 2014
Kuwait Financial Centre (Markaz) announced a net profit of KD4.02 million for 2014, a net profit of 8 fils per…
Ahli United Bank Q4 net profit jumps 37.6 pct
Ahli United Bank (AUB), Bahrain's largest lender, posted a 37.6 percent increase in its fourth-quarter net attributable profit, the bank…