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NBK receives Iraq's nod to offer custody services
The National Bank of Kuwait (NBK) has started offering custody services for Iraq Stock Exchange-... Read full article »
Qatari public sector drives bank deposits up 4.2% in January
QNB Financial Services has said that liquidity conditions in the Qatari banking sector have "... Read full article »
Barwa Bank seeking credit rating
Qatari Islamic lender Barwa Bank plans to seek a credit rating in the second half of this year... Read full article »
QIIB to launch $2bn Islamic bonds
Qatar International Islamic Bank (QIIB) has said it has submitted a recommendation to the general... Read full article »
Doha Bank to launch QR1.55bn rights issue
Qatar's Doha Bank has announced plans to launch the first phase of a two-part capital increase, a... Read full article »
Oman United Insurance to launch takaful firm
Oman United Insurance Co has unveiled plans to launch takaful operations, after the board gave... Read full article »
Egypt's CIB reports record revenues
Egypt's biggest listed bank, Commercial International Bank (CIB) has reported a 7% year-on-year... Read full article »
World Bank unit buys 5.28% stake in Bank Muscat
Oman's Bank Muscat has agreed on an equity investment worth OR75.1m ($195.1m) from the... Read full article »
Bahrain's AUB posts $78.6m in Q4 profit
Bahrain's largest lender by market value, Ahli United Bank (AUB) has said its fourth-quarter net... Read full article »
UAE banks seek to expand real estate loans
The Emirates Banks Association (EBA) asked the central bank for permission to free up more money... Read full article »
QIC to expand into Switzerland, Bermuda
Qatar Insurance Co (QIC) has announced its re-insurance subsidiary, Q-Re, is set to establish... Read full article »
Al-Rajhi, NCB account for 41% of KSA banking sector's profitability
According to a report by Saudi Arabian Monetary Agency (Sama), Saudi banks have opened 44... Read full article »
Ahlibank looking to acquire leasing firm
Oman's Ahlibank is considering the acquisition of a local leasing firm, as the lender seeks to... Read full article »
KFH posts 24% growth in Q4 net income
Kuwait Finance House (KFH) has said its fourth-quarter net profit jumped 24%, thanks to its... Read full article »
Arig returns to black
Bahrain-headquartered Arab Insurance Group (Arig) has reported a full-year net profit of $15.3m... Read full article »
