Al Salam Bank Bahrain launches 'Mobile' banking service
Al Salam Bank-Bahrain has announced the launch of its new mobile banking service "mobile", adding another unique feature to its…
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Credit Agricole Egypt reports full year net profits up 54 per cent
Net interest income for FY2012 in line with our forecast. Net interest income for FY2012 increased 17 per cent and…
Kuwait International Bank net profit up 22pc
Kuwait International Bank, one of the leading Islamic banks in the country, has registered a net profit of KD13.2 million…
Gulf's mixed takaful rules hurting margins
Inconsistent regulation across the Gulf's takaful industry is hurting profit margins and credit ratings, while leaving the door open to…
ADIB profit rises 5% to Dh1.2 billion
Profits at Abu Dhabi Islamic Bank topped Dh1.2 billion (US$207.9 million) last year as it targeted growing its expatriate customer…
UAE 'has what it takes' to be Islamic finance hub
The UAE has what it takes to become a hub for Islamic finance, according to Sheikh Mohammed bin Rashid Al…
NRG to start $500m Shariah fund for women in Middle East
UK-based Gujarati businessman, Deepak Kuntawala, is establishing a Shariah-compliant investment fund targeted at women in the Middle East. Kuntawala's DVK,…
Troubled Bahraini bank Arcapita files reorganisation plan
Bahrain-based Arcapita Bank, the first Gulf company to file for bankruptcy in the United States under Chapter 11 rules, said…
DFSA Signs Agreement With European Securities and Markets Authority
The Dubai Financial Services Authority has entered into an important agreement with Europe's Securities and Markets Authority. The signing took…
Middle East named among key growth markets for Swiss private banking group
Julius Baer, the Swiss private banking group, announced its full year results, and cited the Middle East region among its…
HSBC Says Gulf Surge to Drive 2013 Sukuk Record: Islamic Finance
Global Islamic bond sales are set to surpass the 2012 record as Persian Gulf issuers take the lead to tap…
Dubai sovereign wealth fund in $2 billion refinancing talks
Talks are at an early stage and more detail is expected to emerge in the coming weeks about how the…