Noor Bank announces record first quarter profit
Noor Bank, the Dubai-based Sharia-compliant lender formerly known as Noor Islamic Bank, said its first quarter profit rose to a…
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Can Dubai make it?
With the Halal & Islamic finance industries seeing double-digit growth in recent years’, Islamic economy has come into the…
Bahrain Hedge Fund Investor To Buy US Designer Company
The Bahrain-based hedge fund investor Investcorp and private equity firm Freeman Spogli & Co, are teaming up to buy the…
Co-Operative Bank of Kenya Tops International Banker Awards 2014
International Banker held its annual awards for acknowledging the top banking institutions across the Middle East and Africa The…
National Bank of Fujairah Q1 profit jumps 27%
The National Bank of Fujairah has earned a net profit of Dh 115.3 million in Q1, 2014 compared to Dh90.7…
Dubai SME sign MoU with Taylor Wessing
Intellectual property management and fund-raising are complex subjects, which the Dubai SME100 companies have indicated they would like to be…
Dubai Investments Expects Q1 Net Profit To Rise 26%
Dubai Investments expects its first-quarter net profit to rise 26 per cent, the conglomerate said in a bourse filing on…
Roadmap is ready for sukuk standardisation
Bahrain-based international standard-setting body, International Islamic Financial Market has announced it now has a roadmap on standardisation of "sukuk al…
Adib Q1 profit up 20.4% on higher lending
Pots net profit of Dh409.5m, driven by 18.1% lending growth. Abu Dhabi Islamic Bank, the largest Shariah-compliant lender in…
Ernst & Young raises UAE's medium-term growth forecast
Projects 4.3% average growth over the next 4 years. Multinational professional services firm Ernst & Young has raised UAE’s…
Arab banks see Middle East opportunities as some global banks scale back
Big Arab banks with money to spend are expanding across the Middle East in markets such as Egypt and Iraq,…
Kuwait's Central Banker calls for legislation on Government Sukuk
The Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Al-Hashel has called on the Kuwaiti Government to establish…