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Bank Muscat's '09 profit drops 21%
Oman's largest bank, Bank Muscat, has said its full-year profit had dropped 21% after provisions... Read full article »
Boubyan Bank starts rights issue
Kuwait's Boubyan Bank has launched a major rights issue aimed at raising its capital by 50% to... Read full article »
Qatar Islamic unit plans $150m funds in Asia
Asian Finance Bank, the Malaysian unit of Qatar Islamic Bank, plans to start funds worth at least... Read full article »
UAE Central Bank sets cheque security deadline
Banks in the UAE have started asking their customers to mention "PDC deposit" clearly when... Read full article »
Commercial Bank Qatar posts 2009 profit
Commercial Bank of Qatar has posted a net profit of QR1.52bn in 2009 and increased Q4 profits by... Read full article »
Commercial Bank Kuwait placed on 'Rating Watch Negative'
Commercial Bank of Kuwait's (CB) individual rating of 'C/D' has been placed by Fitch Ratings at... Read full article »
National Bank of Bahrain net profits up 23.3%
The National Bank of Bahrain (NBB) has reported an increase of 23.3% in net profit, reaching... Read full article »
United Arab Bank posts 2009 results
United Arab Bank has said that it has maintained its earnings momentum and recorded net profit... Read full article »
Mashreq launches Egypt CoDs
UAE-based lender Mashreqbank has announced the launch of its Certificate of Deposit in Egypt.... Read full article »
Qatar banks' provisions up 12.5%
Provisions made by Qatari banks rose 12.5% to QR5.9bn in December, up from QR5.2bn in the month... Read full article »
Dubai Group mulls sale of Bank Islam Malaysia stake
Dubai Group may sell its stake in Bank Islam Malaysia for around $300m, Malaysian Reserve... Read full article »
Qatar Commercial Bank Q4 net rises 33%
Andrew Stevens, CEO of Commercial Bank of Qatar, has said its net income had climbed to QR186m ($... Read full article »
Corporate credit still 'tight' in Saudi
A new report by Samba Financial Group, Saudi Arabia's second largest bank, has said that... Read full article »
NBK plans capital hike
National Bank of Kuwait has announced plans to raise its capital by 10% through a rights issue by... Read full article »
National Bank of Oman profit drops 43%
Full-year profit of National Bank of Oman fell 43%, as expenses rose and operating income... Read full article »
