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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 $1bn from a bond sale, as the lender seeks to buy Societe... Read full article »
BSI SA Bahrain office upgraded to branch
The central bank of Bahrain has upgraded the representative office licence of BSI SA, one of... Read full article »
BKIC posts 86% surge in Q3 income
Bahrain Kuwait Insurance Co (BKIC) has reported an 86% surge in net profit for the third quarter... Read full article »
Dar al Sharia to help Bank Sohar develop Islamic window
Omani lender Bank Sohar has signed an agreement with Dubai-based Dar al Sharia, a subsidiary of... Read full article »
HSBC may face charges in US for money laundering
HSBC has acknowledged that it could face criminal charges in the United States for money... Read full article »
UAE banks 'quite immune' from fallout in the West
Sailesh Dash, CEO of Dubai-based Al Masah Capital, has said banks in the UAE are "quite immune"... Read full article »
GIB posts 15% rise in net income
Bahrain's Gulf International Bank (GIB) has posted a 15% increase in net profit for the nine... Read full article »
Basel III non-compliant countries may be penalised
Juan Manuel Valle, head of banking supervision at the Mexican Treasury, has said countries may... Read full article »
UAE lenders to see loan growth despite central bank restrictions
Financial experts have said an improved liquidity in the UAE's financial system will see loan... Read full article »
Lebanese lenders confident can weather downturn
Bankers in Lebanon have said high levels of liquidity, steady growth in customer deposits and... Read full article »
ADCB posts 3% decline in Q3 profit
Abu Dhabi Commercial Bank (ADCB) has reported a 3% fall in its third-quarter net profit, as non-... Read full article »
Al Izz IPO covered 1.15 times
Oman's second Shari'ah-compliant lender, Al Izz Islamic Bank, has attracted bids worth OR46m ($... Read full article »
StanChart expands UAE, Bahrain operations as HSBC exits
Standard Chartered is expanding its retail Islamic banking business in two markets HSBC is... Read full article »
