2009
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Standard and Poor's downgrades GIC to 'BBB/A-3'
Standard & Poor's Ratings Services has placed the long and short-term counterparty credit ratings... Read full article »
International Investment Bank posts Q3 results
Bahrain-based Islamic investment lender, International Investment Bank (IIB) has reported a net... Read full article »
Gulf Bank 'expects 2010 profit'
Michel Accad, CEO of Gulf Bank KSC has said that the bank expects to make a profit in 2010 as... Read full article »
Al Hilal inks Anti Money Laundering tech deal
UAE-based government-owned Islamic lender, Al Hilal Bank has signed a contract with Ireland-based... Read full article »
International Bank Qatar launches card programme
International Bank of Qatar (IBQ) has launched its merchant partner programme, offering up to 35%... Read full article »
UAE lenders up loan provisions
According to data by the UAE central bank, an additional Dhs4bn was set aside by lenders in the... Read full article »
BankMuscat to raise OR20m through CD auction
Oman's BankMuscat has said it aims to raise OR20m in the ninth round of Certificates of Deposit (... Read full article »
Qatar Islamic Bank given A rating
Fitch Ratings has affirmed Qatar Islamic Bank's (QIB) ratings at Long-term Issuer Default (IDR) '... Read full article »
CBK posts Q3 net loss
Commercial Bank of Kuwait (CBK), the country's third biggest lender by market value, has reported... Read full article »
Gulf Finance places $100m Murabaha
Bahrain-based Islamic lender Gulf Finance House has agreed the placement of a $100m convertible... Read full article »
Burgan Bank posts 91% fall in Q3 profit
Kuwait-based lender, Burgan Bank has reported a 91% fall in net profit for Q3 2009, Bloomberg has... Read full article »
QNB-Syria to open today
Qatar National Bank (QNB) has announced that its Syrian unit, QNB-Syria will commence operations... Read full article »
Abana completes teller machine installation
Saudi Arabia-based Abana Enterprises Group Co. has said it has completed the installation of... Read full article »
Dubai Islamic Bank launches online system
Dubai Islamic Bank has launched its new online banking system. Features of the new Al Islami... Read full article »
Court ruling freezes Saad assets in UAE
Assets held by the troubled Saudi conglomerate Saad and its partners in banks in the UAE will be... Read full article »
