International Islamic posts 5.6% profits increase
Capitalising on the opportunities for Shariah-based financing in the local market, International Islamic posted a net profit of QR185.3mn in…
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Warba Bank promotes new Investment Department Manager
In his new role as an Investment Department Manager, Hosam will be responsible for supervising the department and overseeing its…
Middle East banking M&A deals touch $7b in 2012
This was a result of six transactions in the period, even as the total number and value of global banking…
Mumtalakat Wins Sovereign Wealth Fund Award
Bahrain Mumtalakat Holding Company was presented with the first Foreign Sovereign Wealth Fund award by RAM Rating Services Berhad during…
UK-based Arabs top $17.5 billion in combined wealth
The combined wealth of the ten richest Arabs in the UK now exceeds $17.5 billion, according to an annual ranking…
Abu Dhabi's NBAD inks deal on Paris hotel revamp
The owners of the Prince de Galles, the luxury five-star Hotel in Paris, said they have finalised a refinancing deal…
Tax Law to be Adjusted for Islamic Banks:KPMG
The tax law, regulations on taxation and protocols within the tax agreement will be adjusted to reflect Islamic banking transactions…
Emirates NBD Wholesale Bank underlines significance of investments in green energy for GCC economies
Investments in green energy are crucial for GCC states to continue being positioned as the leading energy bloc particularly in…
Gold's Plunge Is Cause For Optimism
In January 1980, the price of gold hit what was then an all-time high, $850 per ounce. Ten years earlier,…
Emirates NBD CEO quits
Rick Pudner, the CEO of Emirates NBD has tendered his resignation after seven years in the job, Dubai's biggest bank…
Squire Sanders hires female lawyer as banking regulatory specialist
Al-Anani is a specialist in banking and regulatory issues, with broad experience in corporate, capital markets, and general commercial law…
Bank Sohar income grew 9.3 per cent in Q1
According to a press release issued by the bank on Saturday, operating income grew 9.3 per cent to RO13.7mn in…