Ithmaar Bank reports stable, consistent growth
Ithmaar Bank has announced its financial results for the year ended 31 December 2019. The announcement, by Ithmaar Bank…
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Why so few green sukuk? Sector still faces longstanding challenges, say practitioners
Green sukuk have gained popularity over the last few years among issuers and investors but they remain a small part…
Dubai Economy and six banks launch KYC consortium
Dubai Economy, along with Emirates NBD, Emirates Islamic, HSBC, RAKBank , Abu Dhabi Commercial Bank and Commercial Bank of Dubai,…
Banque du Caire posts 60% rise in net profit in 2019
Banque du Caire reported a 60% year-on-year hike in its net profits after taxes during 2019. The lender’s net…
Egypt plans to resume IPOs of parastatals
Egypt’s Minister of Public Enterprise said that the government plans to resume its programme to offer stakes in state-run firms…
Debt-ridden Lebanon to invite 8 firms to bid to be financial adviser
Lebanon will invite eight firms to bid to be its financial adviser as it studies all options on its sovereign…
UAE regulator to investigate Pakistan bank for money laundering
The United Arab Emirates’ central bank is investigating Pakistan’s largest bank to ascertain if it violated anti-money- laundering and terrorism-financing…
Bank ABC Islamic announces 16.5% increase in 2019 year-end net profit to US$37.3 million
Bank ABC Islamic has announced its financial results for the year ending 31 December 2019, which recorded net profit of…
Commercial Bank of Kuwait incurred loss in Q4
The Commercial Bank of Kuwait (CBK) did not register any profits during fiscal year 2019 when compared to profits of…
Experts to take part in 6th Doha Islamic Finance Conference
Islamic finance experts will assemble in Doha next week to discuss innovation and artificial intelligence, the new sectors of finance…
Winners of the 2020 Middle East Stevie® Awards Announced
The 2020 Middle East Stevie Awards have recognized organizations in 12 markets including Bahrain, Egypt, India, Iraq, Jordan, Kuwait, Oman,…
Financial Secrecy Index 2020 reports progress on global transparency – but backsliding from US, Cayman and UK prompts call for sanctions
US overtakes Switzerland in global ranking of financial secrecy hotbeds, Cayman leaps over both to top of the index …