Kuwaiti bank changes name

The Kuwaiti cabinet has approved a bill to change the name of the Bank of Kuwait of the Middle... Read full article »
Kuwait: Tuesday, March 16 - 2010 at 09:38

Mashreq shareholders approve hiking euro note size

UAE-based Mashreqbank has announced that its shareholders have approved a plan to raise the size... Read full article »
United Arab Emirates: Monday, March 15 - 2010 at 10:00

NBAD may sell benchmark bond

The UAE's second-biggest bank by assets, National Bank of Abu Dhabi, is set to meet with... Read full article »
United Arab Emirates: Monday, March 15 - 2010 at 09:50

Emirates NBD launches Mena fund

Emirates NBD has announced the launch of the Emirates Mena Fixed Income Fund, which aims to... Read full article »
United Arab Emirates: Sunday, March 14 - 2010 at 11:43

Mashreq launches Islamic banking division

UAE-based lender, Mashreq Group has announced the launch of its Islamic Banking Division, '... Read full article »
United Arab Emirates: Sunday, March 14 - 2010 at 11:25

CBK posts 2009 results

Commercial Bank of Kuwait has reported KD130.9m in profits before provisions for 2009, compared... Read full article »
Kuwait: Sunday, March 14 - 2010 at 10:21

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 »
Bahrain: Saturday, March 13 - 2010 at 09:34

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 »
United Arab Emirates: Saturday, March 13 - 2010 at 09:17

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 »
Middle East: Thursday, March 11 - 2010 at 11:20

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 »
Saudi Arabia: Thursday, March 11 - 2010 at 10:50

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 »
United Arab Emirates: Thursday, March 11 - 2010 at 10:48

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 »
United Arab Emirates: Wednesday, March 10 - 2010 at 09:49

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 »
Bahrain: Wednesday, March 10 - 2010 at 09:37

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 »
Middle East: Tuesday, March 09 - 2010 at 09:50

Sharjah Islamic Bank to split dividend

The chief executive of Sharjah Islamic Bank, Mohammed Abdullah, has said the lender will split... Read full article »
United Arab Emirates: Tuesday, March 09 - 2010 at 09:41