Ahlibank EGM approves increase in bank capital
Ahlibank’s extraordinary general meeting yesterday approved the increase of its capital by issuing 5% free shares amounting to 9,540,156 shares,…
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UAE is now one of the top 20 billionnaire capitals in the world
The UAE has for the first time broken into the world’s top 20 list of countries with the highest concentration…
Bahrain Islamic Bank launches The Signature credit card
Bahrain Islamic Bank (BisB), the leading Islamic Retail Bank in Bahrain, is proud to announce the launch of its new…
Bahrain buys Korea health system
South Korea signed a contract Monday to export its health insurance information management system to Bahrain. It was Korea’s first…
Al Baraka Bank Egypt net income increases 93% in 2016
Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG) and its investment arm in…
UAE banks fully prepared for stricter capital regime
The UAE banks’ minimum common equity tier 1 capital (CET 1) ratio could increase to 12 per cent and capital…
Bank Nizwa continues to be hub for Islamic finance in Oman with conclusion of IFN Forum
Bank Nizwa, in partnership with Islamic Finance News successfully concluded the second ‘Islamic Finance News Forum’. Attracting an array…
Sukuk issuance to spur Oman’s Islamic capital market
The Capital Market Authority has recently given initial approvals for two sukuk programmes worth RO300mn to be issued in Oman…
Path Solutions celebrates its 25th anniversary
Kuwaiti tech pioneer honors its past as it charts its future Path Solutions turns 25 years old, thus celebrating…
ICAEW: GCC financial organisations must speed up their efforts and get ready for IFRS 9
GCC banks and financial institutions must speed up their efforts in preparing for International Financial Reporting Standards (IFRS) 9 or…
Credit Agricole Said to Weigh $2.4 Billion Saudi Stake Sale
Credit Agricole SA, France’s third-largest bank by market value, is considering a sale of its 31 percent stake in Saudi…
Jordan's foreign reserves up to around $13bln in 2016
The Central Bank of Jordan's (CBJ) foreign reserves stood at $12.883 billion at the end of 2016, sufficient to cover…