Gulf Bank’s Excellent Retail Financial Services Awarded
Gulf Bank, the second largest bank in Kuwait, has been awarded the 'International Excellence in Retail Financial Services Award' for…
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Policy of caution : Uncertain time for banking in Egypt
Banks may have to adopt a over the coming months, waiting to see how the dust settles from Egypt’s long-running…
Investcorp planning expansion in region
Investcorp, the Bahrain-based alternative investment specialist, is planning regional expansion after yesterday reporting a third consecutive year of positive income…
Europe crisis may hit ADIB earnings
Abu Dhabi Islamic Bank (ADIB) said euro zone uncertainty and new financial regulations in the UAE would weigh on earnings…
Court backs payment to AHAB
The Grand Court of the Cayman Islands issued an order in favour of Ahmad Hamad Algosaibi & Brothers (AHAB) directing…
Turkey's Denizbank Q2 net profit down 4.4 pct
Denizbank has announced a net profit of 131.2 million lira for the second quarter, down 4.4 percent from a year…
Turkish banks' capital ratios will drop because of the country's switch to Basel II
Turkish banks' capital ratios will drop because of the country's switch to Basel II today, says Fitch Ratings. They will…
AK Takaful reports 4% rise in gains
Al Khaleej Takaful has reported a 4% gain in its first half net profit to QR59.02mn. Under shareholders’ account, total…
Israel’s Bank Chief Fischer Warns of European Collapse and Lehman 2.0
In a bleak overview of the global economy, Stanley Fischer of the Bank of Israel, told his country’s parliament on…
Albaraka Bank of Algeria implements iMAL Islamic banking solution
Albaraka Bank of Algeria, a subsidiary of Albaraka Banking Group (ABG), and Path Solutions announced the successful implementation of…
Evolution of Family-Owned Businesses in the Arab Region
The Arab region is enriched with countless family-owned businesses that slowly transformed from small trading firms in the early 60s…
Euro banking giant eyes MidEast opportunities
Santander, one of the world's biggest banking groups, is in talks to bring its financial services to the Middle East.…