MENAdrill Investment Company (MIC), incorporated in Cayman Islands and principally promoted by First Energy Bank (FEB), has signed a three-year $130 million limited recourse Islamic financing with Gulf International Bank (GIB).
Bahrain-based First Energy Bank (FEB), a major Islamic investment bank, has appointed Khadem Abdulla Al Qubaisi as the bank’s new chairman, following the recent departure of the bank’s former chairman, Esam Janahi.
Al Qubaisi has served as
First Energy Bank (FEB), a leading Bahrain-headquartered Islamic bank, said it has registered a net income of $4 million for the third quarter, a significant improvement over last year's $0.9 million.
Announcing the third quarter resul
First Energy Bank (FEB), a leading Islamic investment bank headquartered in Bahrain, has registered a net profit of $3.96 million for the first quarter thus giving a solid and positive start to the year.
Announcing the results on Sunday, F
Bahrain-based First Energy Bank (FEB), a leading Islamic investment bank, posted profits of $14.2 million for 2009 at its third annual general meeting held today (March 30).
The bank’s total revenues increased to $47.41 million, and total
MENAdrill Investment Company, the inaugural venture of Bahrain-based First Energy Bank (FEB), said its jack up rigs - MENAdrill Hercules I & II - are currently under construction and will be ready for operations this year.
A Cayman Isl
First Energy Bank (FEB), an Islamic investment bank based in Bahrain, has announced a net profit of $14.2 million in 2009, its first full year of operations, when compared to $42,000 in 2008.
The FEB also reported a gross income of $4
A world class $1 billion polysilicon production facility, the first of its kind and scale in the region, will be established in Saudi Arabia’s Al Jubail Industrial City 2.
The project is spearheaded by its strategic partner, the Bahrain-ba
First Energy Bank (FEB), the first Islamic investment bank focused exclusively on energy sector, has acquired a nine per cent stake in the Al Dur Independent Water and Power Production (IWPP) project, the largest of its kind in the Kingdom.
Bahrain-based First Energy Bank (FEB), the world’s first Islamic investment bank focused exclusively on the energy sector, has announced a profit of $5.6 million for the first half of 2009.
The bank reported a gross income of $16.6 million