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Dubai Islamic Bank posts 34% jump in Q4 profit

Dubai Islamic Bank (DIB) has reported a 33.9% increase in its fourth-quarter net profit to... Read full article »
United Arab Emirates: Tuesday, February 05 - 2013 at 05:59

Bahrain's Ahli United seeking regional 'attractive opportunities'

Bahrain's largest lender Ahli United Bank has said it is seeking regional acquisition targets... Read full article »
Bahrain: Tuesday, February 05 - 2013 at 05:58

National Bank of Egypt chairman steps down

The Egyptian cabinet has said the chairman of the state-owned National Bank of Egypt (NBE), the... Read full article »
Egypt: Monday, February 04 - 2013 at 05:16

S&P says GCC lenders using spare cash for Mena acquisitions

S&P has said that banks in the six-member GCC are taking the place of European banks that are... Read full article »
Middle East: Monday, February 04 - 2013 at 05:16

Lebanese lenders' balance sheets grew 11.6%

According to data by the Lebanese central bank, the balance sheet of financial institutions... Read full article »
Lebanon: Monday, February 04 - 2013 at 05:16

Egypt approves QNB's acquisition of NSGB

Qatar National Bank (QNB) has been granted the Egyptian central bank's approval to acquire a... Read full article »
Qatar: Sunday, February 03 - 2013 at 02:04

Bank of Beirut increases capital by $25m

Lebanese lender Bank of Beirut (BoB) has raised by $25m its core capital by issuing a new series... Read full article »
Lebanon: Sunday, February 03 - 2013 at 02:04

HSBC Oman reports 63% drop in 2012 profit

HSBC Bank Oman has reported a 62.7% drop in 2012 net profit to OR5.8m from OR15.5m in the... Read full article »
Oman: Sunday, February 03 - 2013 at 02:03

Syrian lender says $10m in cash stolen

Jordanian lender Housing Bank for Trade and Finance has said $10m in a mixture of currencies has... Read full article »
Syria: Saturday, February 02 - 2013 at 05:24

Bahrain's Al Salam Bank in merger talks

Bahrain-based Al Salam Bank has announced it is in merger talks with an unnamed regional bank,... Read full article »
Bahrain: Thursday, January 31 - 2013 at 01:23

Ahlibank may switch to Islamic banking

Oman's Ahlibank, which launched its Al Hilal Islamic banking services in the sultanate, is... Read full article »
Oman: Thursday, January 31 - 2013 at 01:23

Tamweel repaid $300m sukuk

Dubai-based mortgage lender Tamweel has said it has repaid a $300m Islamic bond that matured in... Read full article »
United Arab Emirates: Thursday, January 31 - 2013 at 01:22

NBAD mulling $500m bond issuance

The National Bank of Abu Dhabi is considering issuing a convertible bond of up to $500m, as it... Read full article »
United Arab Emirates: Thursday, January 31 - 2013 at 01:22

NBAD's Q4 profit beats estimates

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, posted a 55% rise in... Read full article »
United Arab Emirates: Wednesday, January 30 - 2013 at 10:02

Oman's Al Hilal Islamic opens five branches

The Shari'ah-compliant unit of Oman's Ahlibank, Al Hilal Islamic Banking Services has announced... Read full article »
Oman: Wednesday, January 30 - 2013 at 07:02
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