More customers use EFTS
Bahrain’s Electronic Fund Transfer System that was launched on November 5 has shown remarkable results, in terms of the availability…
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UAE's RAKBANK arranges $15 million long term financing solution to Seylan Bank in Sri Lanka
RAKBANK has announced the arrangement of a five-year US$15 million long term loan facility to Seylan Bank, a financial institution…
Global Banks Rein in Turkey Loans as Erdogan Roils Markets
Global lenders are staying away from Turkish syndicated loans. The number of lenders participating in syndicated-loan offerings has dropped…
Commercial Bank of Dubai to Target Tech-Savvy Citizens with Digital-Only Bank
The Commercial Bank of Dubai is getting ready to launch a mobile app-based digital bank for its clients in a…
Islamic Development Bank sets final guidance for 5-yr sukuk
The Islamic Development Bank has set at 45 basis points over mid-swaps the final spread of its planned five-year sukuk,…
Accounting meets religion in challenge for Islamic banks
Reconciling accounting standards and religious principles is challenging Islamic banks and regulators as they adapt to new international book-keeping rules…
Gulf Bank appoints new CEO
Gulf Bank has announced the appointment of Mr. Antoine Daher as Chief Executive Officer, effective 1 December 2016, following the…
Fitch says Saudi Islamic lenders face tougher market
Saudi Arabia’s Islamic lenders are likely to face economic headwinds and lower profitability because of the prolonged low oil prices…
Cambridge IF Analytica chooses QIIB ‘Best Islamic Bank in Qatar’
QIIB has been chosen as the “Best Islamic Bank in Qatar” in retail services for 2016 by Cambridge IF Analytica,…
QFB division wins award for customer service excellence, product innovation
Culminating its seventh-year consecutive growth and the excellence it has continuously demonstrated while serving its clients, Qatar First Bank (Public)…
Al Salam Bank, Eskan Bank sign deal to offer property financing to projects in Bahrain
Murad said, “As a socially responsible bank, we are pleased to sign this partnership with Eskan Bank that continues to…
Bahrain's prime minister vows to expand finance sector
Bahrain’s government is committed to introducing economic measures to help finance and banking firms expand their operations in the kingdom,…