Arcapita appoints scholar to its Shari'ah Supervisory Board
Arcapita has appointed prominent academic and industry professional Sheikh Dr. Yousuf Abdullah Al Shubaily as a member of its Shari’ah…
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Alvarez & Marsal appoints Head Healthcare Practice in the Middle East
Alvarez & Marsal (A&M) further expands its Middle East senior advisory team with the appointment of Ray Berry as Director…
First Abu Dhabi Bank partners with MoneyGram to launch services on payit mobile app
First Abu Dhabi Bank has partnered with MoneyGram to launch the latter’s services through the bank’s payit mobile wallet in…
Decision to establish Fin Tech Bay "a very smart move"
Bahrain’s competitive advantages in the financial services industry and the key role earmarked for Fin Tech Bay as a driver…
Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, both report first quarter profits
Ithmaar Holding has announced their financial results for the first quarter of 2019 with both entities reporting profits for the…
Dubai Banks Are Said to Hire HSBC and Barclays for Merger Talks
Dubai Islamic Bank PJSC hired HSBC Holdings Plc to advise on its possible acquisition of smaller rival Noor Bank PJSC,…
Bank ABC Islamic announces 16.8% increase in first quarter net profit
Bank ABC Islamic has announced its results for the first quarter of 2019: Business Performance Net profit for…
Bank Nizwa appoints new Chief Financial Officer and Head of Compliance
As part of Bank Nizwa’s strategy to nurture and promote Omani talent, the Board of Directors of Oman’s first Islamic…
Oman establishes credit rating agency
A new Royal Decree will see Oman establish an independent authority, Oman Credit bureau, which will be responsible for rating…
UAE's Amanat says Q1 net profit rises by 43%
Amanat Holdings, the GCC’s largest healthcare and education investment company, has announced a first quarter net profit of AED20.7 million,…
Bahrain's Al Baraka Group Q1 profit falls as income from units drop
Al Baraka Banking Group has reported a 28 per cent fall in the first-quarter net profit as income from some…
Turkey presses banks to agree high-stakes bailout of bad energy loans
Turkey's plan to clean up some $13 billion in bad energy loans, one of the worst hangovers from last year's…