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Barwa gets approval for $2bn sukuk programme

Shareholders of Qatar's Barwa Bank approved plans for a $2 billion senior unsecured sukuk programme that could be issued in various currencies, the lender said in a statement on Tuesday. The Islamic bank did not specify a time

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Agility gets shareholder nod to issue long term bonds

Kuwait-listed logistics company Agility has said shareholders approved all items on its agenda at its annual general meeting, including plans for issuing long term bonds. Under the agenda, shareholders were asked to approve issuin

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World's first malaria vaccine moves closer to use in Africa

The world's first malaria vaccine, made by GlaxoSmithKline, could be approved by international regulators for use in Africa from October after final trial data showed it offered partial protection for up to four years. The sho

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IFSB admits 6 organisations into its membership

The Council of the Islamic Financial Services Board (IFSB) has approved the admission of six organisations into the its membership. It includes one supervisory authority as a full member, another supervisory authority as an associ

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Ahli United plans to raise $4bn in financial instruments

Bahrain-based Ahli United Bank (AUB) Group may raise $4 billion in bonds, loans or any other similar subordinated financial instruments, following shareholder approval for the proposal, it has emerged. The election of Hamad Al Hum

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Al Baraka shareholders approve 3pc cash dividend

The shareholders of Al Baraka Banking Group have approved cash dividend of three per cent or three cents per share and one bonus share for every 50 fully paid up shares. This follows a joint annual and extraordinary general meetin

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Arab Banking Corporation approves 5pc cash dividend

The shareholders of the Arab Banking Corporation (ABC) have approved a cash dividend distribution of five per cent of the issued share capital ($0.05 per share), amounting to $155.5 million. The dividend was recommended by the ban

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CBQ shareholders approve up to $1bn capital raising

Shareholders of Commercial Bank of Qatar (CBQ) have approved the issue of up to $1 billion in capital-raising instruments, the bank said on Thursday. The annual shareholders' meeting of the Gulf Arab state's second-largest

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Bahrain council approves major Penal Code changes

Major amendments to Bahrain's 40-year-old Penal Code, including harsher punishments for manslaughter and defaming government employees, have been approved by the Shura Council. The amendments, originally suggested by parliamen

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DME approves Mizuho Bank LCs from Singapore

Dubai Mercantile Exchange (DME) has approved Tokyo-headquartered Mizuho Bank to issue letters of credit (LCs) for trading on DME directly from Singapore. Mizuho Bank is the first Japanese banking entity to be authorised to issue D

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