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Millenium Finance Corp launches funds

The Dubai-based Millennium Finance Corporation — a Shariah-compliant investment bank — plans to... Read full article »
United Arab Emirates: Sunday, December 14 - 2008 at 10:08

Lebanese banks on positive outlook

Moody's Investors Service has changed the outlook of four Lebanese banks -- BLOM Bank, Byblos... Read full article »
Lebanon: Saturday, December 13 - 2008 at 11:39

Rating agency revises Arcapita's outlook

Standard & Poor's has revised its outlook on Bahrain-based Arcapita Bank to negative from stable,... Read full article »
Bahrain: Thursday, December 11 - 2008 at 08:59

Global Investment House sells stake in BBK

Global Investment House has announced that it has sold its 14.7% share in the Bank of Bahrain and... Read full article »
Bahrain: Wednesday, December 10 - 2008 at 14:04

Jordan Islamic Bank net profit up 67%

Jordan Islamic Bank has reported that it achieved 67% growth in net profit for the first nine... Read full article »
Jordan: Wednesday, December 10 - 2008 at 07:58

Islamic banks not crisis-immune

Islamic banking is no longer immune from the global financial crisis as it hits the industry's... Read full article »
Bahrain: Saturday, December 06 - 2008 at 10:30

GIB chief resigns

The chief executive officer of Saudi-based Gulf International Bank, Khaled al-Fayez, has resigned... Read full article »
Saudi Arabia: Thursday, December 04 - 2008 at 08:51

Gulf Bank says time is not right for merger

The chairman of Kuwait's Gulf Bank said he has received 'numerous' merger offers but believes the... Read full article »
Kuwait: Wednesday, December 03 - 2008 at 15:11

Iris scans for UAE bank customers

Customers at UAE banks will soon be required to have their irises scanned in order to improve... Read full article »
United Arab Emirates: Wednesday, December 03 - 2008 at 11:16

CBI opens new branch in Fujairah

Commercial Bank International (CBI) has launched a branch in Fujairah, taking its distribution... Read full article »
United Arab Emirates: Wednesday, December 03 - 2008 at 07:55

Morgan Stanley cuts Dubai jobs

International finance house Morgan Stanley has announced that it has cut approximately 10% of the... Read full article »
United Arab Emirates: Monday, December 01 - 2008 at 10:14

Mashreq 2008 profits up

Mashreq Bank's net profits are set to be over Dhs2bn in 2008, a Gulf investment bank said... Read full article »
United Arab Emirates: Sunday, November 30 - 2008 at 12:27

Qatar Islamic Bank ups IT centre

Sheikh Abdullah Bin Saoud Al Thani, Qatar Central Bank (QCB) Governor has inaugurated a state-of-... Read full article »
Qatar: Sunday, November 30 - 2008 at 12:25

Emirates NBD 'Best' UAE bank

Emirates NBD has received the accolade of 'Best Bank in the United Arab Emirates' from London-... Read full article »
United Arab Emirates: Sunday, November 30 - 2008 at 09:45

UAE bank backs nuclear energy talks

The three-day conference looking at prospects for nuclear energy in the Gulf has received support... Read full article »
United Arab Emirates: Saturday, November 29 - 2008 at 06:47
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