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Kuwait lender to book provisions over most of the coming year
Elham Mahfouz, the acting chief executive of Commercial Bank of Kuwait (CBK) has said lender... Read full article »
Arab Bank Group posts $306m net income, 13% growth
Jordan-based Arab Bank Group has posted a 13% increase in net income after tax to $305.9m at the... Read full article »
Bank of Beirut 2011 profits up 2.6% from previous year
Lebanese lender, The Bank of Beirut has said its consolidated net profits rose 2.6% $103.4m in... Read full article »
Abu Dhabi bank UNB Q4 net profit down 19.2%
Abu Dhabi's fifth-largest lender by market capitalisation, Union National Bank (UNB) has said its... Read full article »
Abu Dhabi lender closes $75m facility for India-based manufacturer
Abu Dhabi Islamic Bank (Adib) has closed a Dhs275m ($75m) syndicated Islamic financing facility... Read full article »
Saudi lending expected to grow 12% in 2012
Saudi American Bank Group (SAMBA) has said banks operating in the kingdom are seen to net higher... Read full article »
International Finance Corp announces $124m Medgulf investment
The International Finance Corp (IFC), the private sector arm of the World Bank, has announced a $... Read full article »
Compulsory third party liability service hits Jordan insurers hard
Jordan Insurance Federation (JIF) has said the kingdom's insurance sector is expected to incur... Read full article »
Kuwait bank reports sharp profit decrease in 2011
Commercial Bank of Kuwait (CBK) has reported a sharp fall in full-year net profit to KD810,000 ($... Read full article »
Egypt bank boss banned from travel
Yasser el-Mallawany, the chief executive of Egypt-based investment bank EFG Hermes has been... Read full article »
Salary collateral for personal loans unacceptable, say Saudi experts
Saudi financial and legal experts have said the current practice of local lenders receiving... Read full article »
Jordan central bank to raise interest rates
The Jordanian central bank has decided to raise its key interest rate by 50 basis points as of... Read full article »
Jordan bank sees profits up 13% to JD100m
Jordanian lender, Housing Bank for Trade and Finance (HBTF) has announced its 2011 full-year net... Read full article »
International Bank of Qatar's net profit rises 25%
The International Bank of Qatar (IBQ) has posted a 25% increase in full-year net profit to QR573m... Read full article »
Joyalukkas opens three money exchange centres
Joyalukkas Money Exchange has announced the opening of three of its Money Exchange Centres in Abu... Read full article »
