Jordan Islamic Bank pre-tax profits up 17 per cent
Jordan Islamic Bank achieved pre-tax profits of $ 105.4 million for 2015, up almost `17 per cent on year ago…
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UAE, India ties get new boost with seven agreements signed
Strategic ties between the UAE and India got a boost on Thursday following the signing of a number of bilateral…
Debt write-offs lead to loss at CBI
The Dubai-based lender Commercial Bank International said it booked a loss last year after it more than halved its non-performing…
Dubai’s luxury Palazzo Versace hotel worth at least $300 million
Dubai’s latest luxury branded hotel Palazzo Versace could fetch anywhere upwards US$300 million, according to its developer, who plans to…
Bank Nizwa achieves operational break-even
Bank Nizwa, Oman’s first dedicated Islamic bank, achieved operational break-even point between revenue and expenses, reporting a total revenue growth…
Local investors lead major ME bourses up but banks dampen Abu Dhabi
Several major stock markets in the Middle East rose on Monday as local investors bought back shares, though bluechip banks…
Gulf sukuk body stresses debt capital market opportunities
The Gulf Bond and Sukuk Association, in partnership with Dentons and Standard Chartered Bank, has held its inaugural debt capital…
KFH-Turkey issues capital boosting $350m sukuk
Kuwait Finance House Turkey has issued Tier 2 capital-boosting sukuk worth USD 350 million to support its capital situation. …
Islamic finance to override oil price woes, prospects remain strong
The prospects for Islamic finance remains strong given the growing interest towards Shariah-compliant investment asset class, despite the inevitable correlation…
Bahrain's Investcorp H1 net profit rises 12 pct
Bahrain-based alternative investment fund Investcorp posted a 12 percent rise in first-half net profit on Wednesday. Net profit grew…
Dispute resolution developments in Abu Dhabi
Leading global law firm Dentons hosted a gathering of construction and energy practitioners last week to consider the growing trend…
Leader in ethics, leader in managing wealth
Absolute discretion; the strength of character that engenders trust; the emotional intelligence that enables one to gauge a client’s needs,…