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Mashreq launches Islamic banking division
UAE-based lender, Mashreq Group has announced the launch of its Islamic Banking Division, '... Read full article »
CBK posts 2009 results
Commercial Bank of Kuwait has reported KD130.9m in profits before provisions for 2009, compared... Read full article »
Bahrain's Ithmaar Bank plans $400m capital hike
Bahrain-based bank Ithmaar has announced plans to raise its capital by $400m to fund expansion,... Read full article »
Rakbank offers online savings account
A new online-only savings account facility has been launched by Rakbank for both existing as well... Read full article »
Arab bank assets hit $2.26trillion
Adnan Yousef, Chairman of the Union of Arab Banks has said that the total assets of banks in the... Read full article »
Banque Saudi Fransi to moot debt issuance
Banque Saudi Fransi plans to meet investors in Europe, Asia and the Middle East next week to test... Read full article »
UAE injected Dhs50bn into local banks
The UAE's finance ministry has said that it injected Dhs50bn into the country's banks, Bloomberg... Read full article »
ADIB provides finance facility to Al Dharfa Society
Abu Dhabi Islamic Bank has announced that it will provide a $81.6m Islamic finance facility to Al... Read full article »
Bahrain's AUB buys 40% of Libyan bank
Bahrain-based Ahli United Bank has invested $53.8m to acquire a 40% stake in Libya's United Bank... Read full article »
Gulf banks may see rise in bad loans
Standard & Poor's has said that banks in the Gulf region could see further increases in non-... Read full article »
Sharjah Islamic Bank to split dividend
The chief executive of Sharjah Islamic Bank, Mohammed Abdullah, has said the lender will split... Read full article »
Kuwait Finance House eyes US, China markets
Bader al-Mukhaizeem, Chairman of Kuwait Finance House, has said the lender plans to expand in... Read full article »
NBK shareholders approve 10% capital hike
Shareholders of National Bank of Kuwait, the country's biggest lender, approved raising the bank'... Read full article »
Saudi British Bank's rating cut at Nomura
Saudi British Bank (Sabb), which is 40%-owned by HSBC Holding, was downgraded to "reduce' from '... Read full article »
Bank Sharjah eyes JV with BNP Paribas
Varouj Nerguizian, general manager of the Bank of Sharjah, has unveiled plans to form a joint... Read full article »
