Takeover deadline extended for Islamic Bank
Deadlines for Masraf, the biggest Islamic bank in Qatar, to announce a firm intention to make an offer for Islamic…
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AUBK posts net profit of KD 23.2
Ahli United Bank Kuwait reported net profits of KD 23.2 million in the first half of 2013, i.e. an…
Dubai Islamic Bank appoints new Managing director, CEO
Dubai Islamic Bank announced the appointment of Abdulla Al Hamli as the Managing Director and board member for the bank.…
UAE Banking Lobby turns a Super-Regulator
From an almost defunct bureaucratic body to virtually a super-regulator — that is how the UAE Banks Federation has transformed…
New Economic Study Reveals Global Built Environment Wealth Tops $193 Trillion
China could outpace USA as world’s wealthiest built asset nation by as early as 2014 UK and Europe lag behind…
National Bank of Abu Dhabi deploys IPC Unigy trading comms tech
"We are excited to implement Unigy within our infrastructure to realize the business advantages provided by the scalable hardware and…
Rakbank report 14.18% gain in net income
For the half year ended 30th June 2013, the Rakbank has announced an AED760.1m net profit, reflecting a 13.7% increase…
NBAD seeks Europe expansion with $1b debt plan
National Bank of Abu Dhabi plans to raise EUR1 billion (1.3 billion) from European investors as the UAE's largest…
Oman’s Bank Dhofar Q2 net profit slips 21 percent
Bank Dhofar, Oman's second-largest bank by market value, posted a 20.8 percent drop in second-quarter net profit, according to Reuters…
Kuwait Finance House consolidates all its Direct Investment Activities to One Investment Arm
General Manager of International Banking and Acting Chief Investment Officer at Kuwait Finance House KFH Shaheen Al-Ghanim highlighted KFH's investment…
Assets under management in ME and S Africa jump 13%
Total assets under management (AuM) and profits have nearly regained the levels both had reached before the financial crisis, according…
Boubyan Bank profits rise to KWD 6.3m in H1
Boubyan Bank reported a net profit of KD 6.3 million for the first half of 2013 growing by 20…