Clifford Chance advises on $5bn of new sukuk issuances in January 2012
The Dubai office of Clifford Chance LLP has advised Emirates Islamic Bank P.J.S.C. (EIB) and Emirates NBD P.J.S.C. (ENBD) on…
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Infosys to strengthen presence in Sultanate
Global information technology giant Infosys, which has its popular universal banking solution product Finacle, will be investing in Oman to…
UAE's largest bank sees 1% fall in Q4 profit
National Bank of Abu Dhabi (NBAD) on Tuesday posted a one percent decline in fourth quarter net profit, missing analysts'…
Gulf Bank inks partnership with Teshkeel Media Group
Gulf Bank today announced that it has agreed on a strategic partnership with Teshkeel Media Group (TMG), creators of 'THE…
Islamic banking draft moots five-member Sharia board
A five-member Sharia board, exclusive branches for window operation, clear cut segregation of conventional and Islamic banking with separate teams…
BankMuscat hails CBO model on Islamic banking
BankMuscat, the flagship financial institution in the Sultanate, has commended the draft Central Bank of Oman (CBO) model of Islamic…
DIB reports 2011 net profit rose y-on-y
Dubai Islamic Bank (DIB) announced its financial results for the year ending December 31, 2011, demonstrating sustained growth across the…
Commercial Bank makes KD 0.81 mln net profit in ''11
Commercial Bank of Kuwait announced a net profit attributable to shareholders of the parent bank for the year 2011 of…
Qatar's banking sector grows 22.3% to US $190.6 billion in 2011
During a speech addressing delegates at the Qatar Projects 2012 conference in Doha, Qatar, today (Monday 6 February), H.E. Abdulla…
Bankdhofar announces partnership with Boston Consulting Group to develop strategic plan
BankDhofar has partnered with a leading global management consulting firm, the Boston Consulting Group (BCG), to develop its strategy for…
London banker held in Cairo over alleged link to deadly riots
The chief executive of London-listed Arab investment bank EFG-Hermes has been prevented from leaving Egypt after he tried to fly…
Emirates NBD Deputy CEO said to leave
Emirates NBD's deputy chief executive officer Abdul Wahed Al Fahim is leaving the United Arab Emirates biggest bank as part…