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BankMuscat has over $1bn in assets under management
BankMuscat has said its asset management division (AMD) has marked a milestone achievement on... Read full article »
NSGB reports 10% rise in Q3 net profit
Egyptian lender National Societe Generale Bank has said its third quarter net income rose 10%,... Read full article »
NBAD set to enhance region's first ETF
The National Bank of Abu Dhabi (NBAD) has announced plans to implement enhancements to the... Read full article »
ADIB launches $1b Tier 1 Islamic bond
Abu Dhabi Islamic Bank (ADIB), the emirate's largest Shari'ah-compliant lender, has launched a $... Read full article »
CBK posts 5.4% decline in Q3 net profit
Kuwait's seventh largest listed bank by market value, Commercial Bank of Kuwait (CBK) has... Read full article »
BankDhofar nine-month income surges to OR28.73m
Omani lender BankDhofar has recorded a surge in nine-month net profit to OR28.73m, compared with... Read full article »
Bank Muscat inks deal with IFC to expand SME financing
Bank Muscat has signed an agreement with the International Finance Corp (IFC), a member of the... Read full article »
QNB raised $1bn to boost lending, expansion
Qatar National Bank (QNB) has raised $1bn from a bond sale, as the lender seeks to buy Societe... Read full article »
BSI SA Bahrain office upgraded to branch
The central bank of Bahrain has upgraded the representative office licence of BSI SA, one of... Read full article »
BKIC posts 86% surge in Q3 income
Bahrain Kuwait Insurance Co (BKIC) has reported an 86% surge in net profit for the third quarter... Read full article »
Dar al Sharia to help Bank Sohar develop Islamic window
Omani lender Bank Sohar has signed an agreement with Dubai-based Dar al Sharia, a subsidiary of... Read full article »
HSBC may face charges in US for money laundering
HSBC has acknowledged that it could face criminal charges in the United States for money... Read full article »
UAE banks 'quite immune' from fallout in the West
Sailesh Dash, CEO of Dubai-based Al Masah Capital, has said banks in the UAE are "quite immune"... Read full article »
GIB posts 15% rise in net income
Bahrain's Gulf International Bank (GIB) has posted a 15% increase in net profit for the nine... Read full article »
Basel III non-compliant countries may be penalised
Juan Manuel Valle, head of banking supervision at the Mexican Treasury, has said countries may... Read full article »
