CBB's governor: Islamic financial institutions to adopt good risk managment
The Central Bank of Bahrain’s (CBB’s) governor Rasheed Al-Mi’raj called on Islamic financial institutions to learn from the experience of…
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‘Conference on aims at developing standards in global Islamic banking industry’
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) – World Bank Annual Conference on Islamic Banking and Finance…
Doha Bank expands into Abu Dhabi
Doha Bank Branch in the Emirate of Abu Dhabi will be the second branch after Dubai branch in the UAE.…
HSBC UAE to post rise in profits next year, says CEO
HSBC’s UAE arm expects to post an increase in profits next year and is optimistic about its outlook for the…
Tamweel Third-Quarter Profit Doubles as Provisions Decline
Tamweel PJSC, the mortgage company majority owned by Dubai Islamic Bank PJSC, said third-quarter profit doubled as bad-loan provisions fell.…
ForEx buoys Mideast bank's 3Q results
National Bank of Abu Dhabi PJSC (NBAD), the United Arab Emirates’ second-biggest bank by assets, posted a 12 percent increase…
Bahrain-based bank announces y-on-y profit increase
Bahrain-based Gulf International Bank (GIB) has registered a consolidated net income of $84.6 million after tax for the first nine…
Global lender mulls more regional exits in the Middle East
HSBC Middle East continues to explore the possibility of exiting of some of its regional operations, following the closure of…
Qatar PM urges Europe to tackle sovereign debt woes
Energy-rich Qatar urged European governments to resolve their sovereign debt woes on Saturday and voiced caution on whether to help…
Mashreq appoints new Head of Mashreq Gold
Mashreq, one of the UAE's leading financial institutions announced the appointment of Pamir Karagoz as the new Head of Mashreq…
Mashreq interested in Dexia’s Denizbank if price is right, says CEO
Mashreq, one of the largest lenders in the UAE by assets, may consider making an offer for the Turkish retail…
Top US firm's Mideast wealth unit gets boost from Saudi opportunities
Merrill Lynch's Middle Eastern wealth management division is set to outperform the regional market's growth rate of around ten per…