GFH finalising WestLB facility restructuring
Gulf Finance House (GFH), a Bahrain-based Islamic investment bank, yesterday announced it has secured approvals from 32 syndicates for the…
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EFG Hermes reports 8% year-on-year rise revenues
EFG Hermes, the leading investment bank in the Arab world, released its consolidated financial results for the full year 2012,…
Jordan Islamic Bank net profits up 28.7 per cent to $51.48 million
JIB’s Board of Directors is recommending the Ordinary General Assembly to distribute cash dividends to shareholders at 15 per cent…
Prince Alwaleed urges opening Saudi market to foreigners
Saudi Arabian billionaire Prince Alwaleed bin Talal called on the kingdom's regulators to open up the stock market to foreigners…
Global ETP flows pass $70bn in record Q1
Inflows in the global exchange traded product industry increased to $70.1bn in the first quarter of 2013 due to renewed…
Abu Dhabi's Mubadala signs $2 bln refinancing
Abu Dhabi state investment fund Mubadala has signed a $2 billion loan refinancing, two banking sources said on Wednesday. The…
UAE lender Sharjah Islamic plans dollar sukuk sale
Sharjah Islamic Bank, a lender part-owned by the UAE emirate of Sharjah, plans to sell a dollar-denominated Islamic bond, or…
Turkey's Kuveyt Turk plans 100 mln lira sukuk in Sept-Oct
Kuwait Finance House's Turkish unit Kuveyt Turk plans to issue a lira sukuk worth 100 million lira ($55.40 million) in…
Oman's Islamic banks get extension on overseas holdings
Oman's central bank has granted Islamic banks a one-year relaxation of rules on the amount of foreign assets which they…
Standard Chartered UAE continues steady growth in consumer banking
Standard Chartered, the British lender with a major presence in the UAE, continues to witness growth in both deposit and…
Deloitte in Islamic finance research tieup
Bahrain-based Deloitte Middle East Islamic Finance Knowledge Center has launched a collaborative research initiative with INCEIF - The Global University…
Bank Hapoalim Announces 2012 Financial Results
Bank Hapoalim has announced financial results for the fourth quarter and full year ended December 31, 2012. Highlights of the…