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Oman's Ahlibank to launch Islamic MENA fund
Omani lender Ahlibank is to launch on May 22 an open-ended fund based on Mudaraba structure,... Read full article »
Arig's quarterly net profit down 49%
Bahrain-based Arab Insurance Group (ARIG) has said its first-quarter net profit fell 49% to $2.... Read full article »
Qatar First Bank to open first branch in Q3
Qatar First Bank (QFB) has announced its first branch in the country is expected to be open in... Read full article »
Bank Muscat completes IFC private placement
Bank Muscat has announce the completion of a OR75m private-placement transaction with... Read full article »
Qatar Insurance raises capital base to QR1.28bn
Qatar Insurance Co (QIC) has said its capital base has reached QR1.28bn following... Read full article »
Amlak to propose loan extension, 30% debt cut
Amlak Finance, the Dubai-based Islamic mortgage lender restructuring more than $2bn of loans, has... Read full article »
Bank Muscat mulling options to recover card fraud funds
Oman's Bank Muscat, the main victim of the $45m global cyber heist, has said it is looking at all... Read full article »
Omani lenders told to boost SME lending
Oman's central bank has said commercial banks' loans to small and medium-sized firms must account... Read full article »
KFH-Turkey posts $28.3m in Q1 profit
Kuwait Finance House (KFH) has said its Turkish unit has reported TL51m ($28.34m) in net profits... Read full article »
KIB's IDR affirmed by Fitch
Kuwait International Bank's (KIB) Long-term Issuer Default Rating (IDR) and Viability Rating (VR)... Read full article »
GFH posts 50% jump in Q1 net profit
Bahrain-based Gulf Finance House (GFH) has posted a 50% jump in its net profit for the first... Read full article »
UAE, Omani banks among global fraud victims
UAE lender Rakbank and Oman's Bank of Muscat have been victims of an orchestrated complex global... Read full article »
Deposits with UAE lenders grew 2% in March
The UAE central bank has said that total bank deposits rose 2% in March to Dhs1.238trn, as a... Read full article »
ADIB posts 8.1% rise in Q1 net income
Abu Dhabi Islamic Bank (ADIB) has reported an 8.1% rise in first quarter net profit to Dhs389.6m... Read full article »
Fitch gives seven Qatari lenders stable outlook
Global rating agency Fitch Ratings has affirmed seven Qatari banks, both conventional and... Read full article »
