Arcapita in bankruptcy filing over $1.1bn debt
Arcapita, an investment bank based in Bahrain, filed for bankruptcy protection in the United States yesterday after the failure of…
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SNR Denton Islamic finance head resigns
Sheikh Muddassir Siddiqui, a prominent Islamic scholar and partner at international law firm SNR Denton's Dubai office, has resigned from…
Temasek hires Rothschild's top M.East energy banker
Singapore state investor Temasek Holdings has hired Rothschild's top Middle East energy banker, Khodor Mattar, as it aims to beef…
BankMuscat to prop up profits of overseas entities
BankMuscat is trying its best to make its international entities into profit centres. “We have a good presence in the…
Ex-Deutsche banker tipped for top Bahrain SWF job
Salman al-Khalifa, a former top regional banker at Deutsche Bank in the Middle East, is the prime contender to run…
Incoming SJ Berwin senior partner eyes international expansion
SJ Berwin’s senior partner-elect is putting international expansion at the centre of his strategy, with a US merger a “work…
NBAD enhances mobile phone application
The National Bank of Abu Dhabi (NBAD has re-launched its Mobile Phone Application. The one-touch banking is available for Android,…
Bank Nizwa’s CEO appointed
Following Central Bank of Oman (CBO) formal approval to his appointment Bank Nizwa, Oman’s first Islamic bank, announced Dr Jamil…
Al-Rajhi MENA Dividend Growth Fund launched
Al-Rajhi Capital, the investment-banking subsidiary of Al-Rajhi Bank, announced yesterday the launch of the Al-Rajhi MENA Dividend Growth Fund. The…
Egypt lays sukuk foundations
Egypt is solidifying rules and regulations that will allow companies to issue Islamic bonds, or sukuk, in an early sign…
Gulf Bank reports net profit KD 30.6m in 2011
Gulf Bank has announced a net profit of KD 30.6 million in 2011, compared to KD 19.1 million in 2010.…
QIB wins top award again
Qatar Islamic Bank (QIB) has been named for the second consecutive year as the 'Best Islamic Bank in Qatar' for…