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Dubai Islamic Bank posts Dhs1.2bn net profits
Dubai Islamic Bank (DIB) has said its net profit for the full year of 2009 had dropped to Dhs1.... Read full article »
Commercial Bank Qatar raises capital
The Commercial Bank of Qatar has raised its capital by 4.8% to QR2.3bn from QR2.2bn and said it... Read full article »
Boubyan share issue attracts 85% subscriptions
Kuwaiti Islamic lender Boubyan Bank has said that it has received subscriptions of more than 85%... Read full article »
Shuaa board member resigns
Shuaa Capital, the largest investment bank in the UAE, has announced that Abdul Rahman Al Saleh... Read full article »
ADIB may allow 25% foreign ownership
Abu Dhabi Islamic Bank has said it may allow non-UAE nationals to hold up to 25% of the company's... Read full article »
UAE's bank debt to rise in 2010
Non-performing loans are expected to swell almost 50% to nearly Dh65bn ($17.69bn) in the UAE this... Read full article »
Emirates NBD launches Jersey Offshore Deposits
Emirates NBD, has announced the launch of Jersey Offshore Deposits, a multi-currency fixed-... Read full article »
Tamweel posts Dhs11m profit in Q4
Dubai-based Islamic mortgage lender Tamweel has reported a net profit of Dhs11m in the fourth-... Read full article »
Kuwait cuts discount rate by 50 bps
The Central Bank of Kuwait has cut its key discount rate for the sixth time since October 8,... Read full article »
Saudi bank to open 90 new branches
Saudi Arabia's Al-Rajhi Bank has announced plans to open 90 new branches within the next three... Read full article »
Dubai Islamic Bank inks deal with UAE ministry
An agreement has been signed between Dubai Islamic Bank and the UAE's ministry of finance to... Read full article »
Saudi Fransi booked highest loan loss impairment in Q4
Banque Saudi Fransi made the highest quarterly net impairment charge in 2009 for credit losses... Read full article »
RAK Bank '09 profit rises 14%
National Bank of Ras al-Khaimah (Rakbank) has reported a 14.2% rise in full-year profit to... Read full article »
EFG Hermes moots RBS Pakistan offer
Egypt's investment bank, EFG Hermes has asked for a permission to carry out due diligence on the... Read full article »
Emirates NBD to fine late salary payments
Jamal bin Ghalatia, Group Deputy CEO of Emirates NBD has said that customers who delay salary... Read full article »
