Bank Dhofar Wins Global Award for Excellence in BPM and Workflow
Newgen Software has announced that its client Bank Dhofar has been recognized for its exemplary implementation of Newgen's BPM platform…
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Bahrain eyes external sharia audits for Islamic banks
Bahrain's Waqf Fund, a non-profit body set up by the central bank, has proposed mandatory external sharia audits for Islamic…
Ithmaar Bank reports loss after provisions, but core business continues to grow
Bahrain-based Ithmaar Bank reported a net loss of BHD 29.9 million in 2013, compared to a net loss of BHD…
Demand boosts Bahrain’s financial sector
Growing demand for more sophisticated financial products and services helped drive growth in Bahrain’s financial sector during 2013, According…
Bank of London and the Middle East’s Chairman retires
With effect from 31 March 2014, Yacob Al Muzaini, will retire as Independent Non-Executive Chairman of BLME Holdings plc and…
UAE bank assets cross Dh2 trillion mark
The combined assets of the UAE banks crossed Dh2 trillion mark for the first time at the end of 2013…
Middle East leads 2013 luxury shopping with EUR 1,400 per capita spending, says Bain & Company
The number of luxury consumers worldwide has more than tripled over the past 20 years, from roughly 90 million in…
Kuwait fines Ahli Bank chairman $5.3 mln over insider trade
A Kuwaiti court has fined the chairman of Al Ahli Bank, the country's eighth largest bank by market capitalisation, 1.5…
BLME reports £56m operating income in 2013
BLME Holdings plc, the Nasdaq Dubai-listed Islamic banking group on Monday reported an operating profit before tax of £6.1 million…
Barwa Bank named Qatar's "Best Islamic Bank"
Barwa Bank , Qatar's fastest growing Shari'ah compliant banking service provider, has been named "Best Islamic Bank in Qatar" at…
EM monetary tightening worries Middle East advisers
A poll has revealed that emerging market monetary tightening is the biggest concern of intermediaries in the Middle East for…
Kuwait Al Ahli Bank chairman fined $5.3m
A Kuwaiti court has fined the chairman of Al Ahli Bank, the country's eighth largest bank by market capitalisation, 1.5…