Monday 21 April 2014
 
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Warba Bank to list on stock market Sept 3

Warba Bank, a Kuwait-based Islamic lender set up three years ago, will be listed on the country's stock exchange on September 3 after a restriction on public trading of the stock ended, an analyst and an industry source familiar with the mat

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KFH net profit up 21pc in Q2

Kuwait Finance House (KFH) , the Gulf state's biggest Islamic lender, reported a 21 per cent rise in second-quarter net profit on Tuesday, missing analysts' estimates. Net profit rose to 26.8 million Kuwaiti dinars ($94.2

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CEO-elect of fraud-hit Rakbank quits

The proposed new chief executive of National Bank of Ras al-Khaimah (Rakbank), one of two banks which earlier this month were named as victims of a massive global bank card fraud, has quit, two sources within the bank said. Ian La

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Rakbank says no money lost in cyber fraud

A Middle Eastern bank that fell victim to a major cyber fraud said on Friday that none of its customers had lost any money in a scam which it believed had also caught up lenders in the US and beyond. National Bank of Ras Al Khaima

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Moody's rating boost for Qatari banks

Qatari lenders will maintain strong financial metrics, including low levels of non-performing loans (NPLs), robust earnings and sound capitalisation, according to a report by Moody's Investors Service. However these positive f

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Rakbank launches Titanium credit card

UAE-based National Bank of Ras Al-Khaimah (Rakbank) has launched its Titanium Business credit card as part of its efforts to deliver competitive financial solutions to small-to-medium enterprises (SMEs).   Just like the Titani

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Omani lender hit by $39m prepaid card fraud

  Bank Muscat, Oman's largest lender, will take an impairment charge of up to RO15 million ($39 million) after a small number of prepaid travel cards were hit by fraud, the bank said on Tuesday.  

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Qatar National Bank full year profit up 11pc

  Qatar National Bank (QNB), the acquisitive Gulf lender, on Sunday posted fourth-quarter net profits which were essentially flat compared with the previous year, meeting analysts' forecasts.  

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Bank Muscat Q1 net profit up 20pc

Bank Muscat, Oman's largest lender by market value, rode increased lending growth and a drop in impairments to post a 20-percent rise in first-quarter net profit, beating analysts' forecasts. First-quarter net profit rose to 33.4 million r

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ENBD seeks approval for Islamic units' merger

Emirates NBD, Dubai's largest lender, is seeking approval from three government bodies to merge its two Islamic banking units, sources told Reuters on Monday. The bank is aiming to combine its Emirates Islamic Bank arm with Dubai Bank,

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