2008
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EFG-Hermes profit rise 34%
EFG-Hermes' net profit after tax and minority interest has surged 34.2% in H1 2008, reaching... Read full article »
Ithmaar H1 profit up 115%
Bahrain-based Ithmaar Bank has posted H1 net profits of $149.1m, up 115% on the same period last... Read full article »
Tamweel Sukuk given 'A' rating
Tamweel Sukuk Ltd (TSL) has been given a long term debt rating of 'A' by Fitch. Dubai-based TSL... Read full article »
AD Financial nets 70% Al Salam stake
Abu Dhabi Financial Services (ADFS) has acquired a 70% stake in Egypt's Al Salam Borkerage. ADFS... Read full article »
Bank Dhofar given BBB+ rating
Oman-based Bank Dhofar has been given a rating of BBB+ with a Stable Outlook by Fitch Ratings.... Read full article »
QNB to build tallest HQ
Qatar National Bank is planning to build one of the world's tallest towers in Doha to house its... Read full article »
Emirates NBD to fix BSTDB loan
Emirates NBD has been mandated by Black Sea Trade & Development Bank (BSTDB) to arrange for a $... Read full article »
Ithmaar Bank buys 25% BBK stake
Ithmaar Bank has acquired 25.38% stake in the Bank of Bahrain and Kuwait (BBK), and became a... Read full article »
Egypt raises rates
Egypt's central bank has raised interest rates for the fifth time this year to tame inflation... Read full article »
Saudi Fransi seeks $300m in loan
Banque Saudi Fransi has launched syndication of a $300m loan through Calyon, Intesa Sanpaolo,... Read full article »
Burgan Bank gets buy-back extension
Kuwait-based Burgan Bank has received a six month extension for a plan to buy back 10% of its... Read full article »
Standard Chartered profits up 31%
Standard Chartered bank has announced pre-tax H1 profits of $2.59bn, up 31% on the same period... Read full article »
Shuaa profits fall 10%
UAE-based investment bank Shuaa Capital has reported a 10% drop in profits on its Q1 results for... Read full article »
Global fund pays out 5%
Global Investment House's Global Opportunistic Fund I has declared a pay out of 5%. The pay out... Read full article »
ABC Islamic posts $15.7m in H1
ABC Islamic Bank announced its net profit soared to $15.7m, an increase of 72.8% for the first... Read full article »
