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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 »
Egypt: Saturday, August 16 - 2008 at 08:38

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 »
Bahrain: Thursday, August 14 - 2008 at 09:13

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 »
United Arab Emirates: Wednesday, August 13 - 2008 at 12:53

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 »
United Arab Emirates: Tuesday, August 12 - 2008 at 11:34

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 »
Oman: Tuesday, August 12 - 2008 at 09:47

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 »
Qatar: Monday, August 11 - 2008 at 09:22

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 »
United Arab Emirates: Sunday, August 10 - 2008 at 13:10

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 »
Bahrain: Sunday, August 10 - 2008 at 09:04

Egypt raises rates

Egypt's central bank has raised interest rates for the fifth time this year to tame inflation... Read full article »
Egypt: Saturday, August 09 - 2008 at 10:39

Saudi Fransi seeks $300m in loan

Banque Saudi Fransi has launched syndication of a $300m loan through Calyon, Intesa Sanpaolo,... Read full article »
Saudi Arabia: Saturday, August 09 - 2008 at 08:49

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 »
Kuwait: Thursday, August 07 - 2008 at 09:11

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 »
Wednesday, August 06 - 2008 at 09:42

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 »
United Arab Emirates: Wednesday, August 06 - 2008 at 09:20

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 »
Tuesday, August 05 - 2008 at 09:11

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 »
Bahrain: Monday, August 04 - 2008 at 15:50
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