2008
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Ithmaar Bank posts 60% profit increase
Bahrain-based Ithmaar Bank announced $125.6m in consolidated profits for the 9-month period... Read full article »
DIB launches new business service
Dubai Islamic Bank has announced the launch of Al Islami Business Accounts, a new product in DIB'... Read full article »
Challenges ahead for Islamic banking
Bahrain is set to host top experts, government officials, regulators, shariah experts at the... Read full article »
Borse Dubai resumes loan talks
Government-run Borse Dubai has resumed talks with banks over a syndicated loan in order to... Read full article »
Ithmaar Bank post Q3 $20m loss
Ithmaar Bank, a Bahrain-based Islamic investment bank, has reported a net loss of $20.5m for the... Read full article »
NBF reports net loss in Q3
National Bank of Fujairah has reported a net loss of Dhs86.5m ($23.5m) in the third quarter,... Read full article »
HSBC, Visa launch payWave in Middle East
HSBC and Visa have teamed up to launch the first debit Visa payWave contactless payment programs... Read full article »
Al Khaliji buys French bank
Doha-based Al Khaliji has acquired French bank BLC for $250m. Al Khaliji was in discussions to... Read full article »
Shuaa posts net H1 loss
Shuaa Capital has announced net losses of Dhs371.1m for the first half of 2008. This is compared... Read full article »
QNB gives social support
Qatar National Bank has extended its continued encouragement of initiatives by the Social... Read full article »
Al Salam to open second Bahrain branch
Al Salam Bank-Bahrain is set to open its second branch in the Kingdom. 'The branch will have a... Read full article »
Outlook on six banks downgraded
Ratings agency Standard & Poor's has revised the outlook for six GCC banks from 'Positive' to '... Read full article »
Sharjah Islamic Bank unveils ATM concept
Sharjah Islamic Bank has launched an ATM service for pedestrians and drivers. Located on Lake... Read full article »
Gulf funds save Barclays
Investors from the Middle East which include Qatar, Abu Dhabi and elsewhere are putting in... Read full article »
EIB Q3 profit nearly doubles
Emirates Islamic Bank has reported that its third-quarter profit almost doubled, Bloomberg... Read full article »
