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Union National to distribute 10% stock dividend
Abu Dhabi-based Union National Bank (UNB) has said that its shareholders have approved the... Read full article »
Sama: Saudi bank lending up 1.6% y-o-y
The Saudi Arabian Monetary Agency (Sama) has said that lending by Saudi Arabian banks to... Read full article »
Trade Bank of Iraq to double credit letter value
The maximum value of Letters of Credit allocated by the Trade Bank of Iraq (TBI) to the country's... Read full article »
First Energy posts 2009 profits
Bahrain-based Islamic investment lender, First Energy Bank, has said that it has recorded $14.2m... Read full article »
Emirates NBD eyes RBS' UAE retail assets, says CFO
Emirates NBD is considering plans to buy the retail banking assets of Royal Bank of Scotland... Read full article »
United Gulf Bank appoints new CEO
Bahrain-based United Gulf Bank has appointed David Rhodes as chief executive officer, Bloomberg... Read full article »
Ithmaar Bank says rights issue 51% covered
Mohamed Hussain, chief executive of Bahrain-based lender, Ithmaar has said the bank has raised... Read full article »
Gulf Finance to sell stake in Khaleeji
Esam Janahi, chairman of Bahrain-based Gulf Finance House, has said the firm expects to sell its... Read full article »
Arab Bank to pay cash dividend
The board of directors of Jordan-headquartered Arab Bank has approved the distribution of 200... Read full article »
National Bank of Kuwait gets OK to raise Boubyan stake
The Central Bank of Kuwait has given its approval to the National Bank of Kuwait to increase its... Read full article »
Qatar Islamic inks French bank MoU
Qatar Islamic Bank has announced the signing of a memorandum of understanding with Banque... Read full article »
UAE banking assets total $414bn
A recent report by research firm Prime Holdings has said that the banking sector in the UAE still... Read full article »
GIB plans SR3bn bond issue
Saudi-owned Gulf International Bank (GIB) plans a SR3bn ($800m) bond issue in April to fund its... Read full article »
Noor Islamic Bank inks escrow services with Rera
UAE-based Noor Islamic Bank has signed an agreement with Dubai's Real Estate Regulatory Agency (... Read full article »
Egypt's NBD to offer $45m rights issue in April
Egypt's National Bank for Development (NBD) is launching its $45.45m rights issue in April,... Read full article »
