NextCare wins new Bahrain licenceThe Central Bank of Bahrain (CBB) has granted a licence to NextCare Holding to establish NextCare Bahrain. NextCare Holding, which was incorporated in Bahrain with a paid up capital of $8 millio More… |
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Bahraini banks ‘unaffected by cyber attacks’No Bahraini bank has been affected by cyber attacks, the Central Bank of Bahrain (CBB) said yesterday, referring to $45 million stolen recently from two banks in the Middle East. CBB was highlighting the fraud at the UAE-based Nat More… |
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Bahrain Islamic banking assets up 13pcThe total assets of Islamic banks in Bahrain have increased 13 per cent at the end of last year – up from 4 per cent in 2003, said Islamic Banks and Financial Institutions general council secretary general Dr Omar Al Hafiz. More… |
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Experts discuss Islamic banking issuesThe governance of special purpose vehicles (SPVs) in the Islamic banking industry has been occupying the minds of key stakeholders, said leading experts at a major meeting held in Bahrain. The roundtable discussion themed, "S More… |
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Bahrain cenbank to demand strict rules from banksBahrain's central bank will require local lenders it sees as key to the stability of the Gulf country's banking system to take more steps to ensure their soundness, its Governor Rasheed al-Maraj said on Tuesday. The kingdo More… |
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Global crisis 'an opportunity to address weaknesses'The global financial crisis has provided an opportunity to address the weaknesses in the financial system and to build a platform for development and growth of the insurance industry, said a top banker. "Regulators all over t More… |
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S&P ratings boost for Bahrain economyCredit rating agency Standard & Poor’s (S&P) has revised Bahrain's outlook from negative to stable after the Kingdom successfully emerged from its 2011 crisis. The ratings agency also affirmed its long- and short-term More… |
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Bahrain banks' balance sheet soars to $201bnThe consolidated balance sheet of the banking system in Bahrain, comprising retail and wholesale banks, stood at $201.1 billion at the end of September this year, up 1.3 per cent over the same time last year, said a report. This w More… |
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Mini Islamic banks 'face big challenges'The small to medium sized Islamic financial institutions will find it really difficult to combine the increased capital requirements with the ability to participate in the market, said a top banking expert. "The larger and of More… |
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Risk management 'a big challenge'Risk management is a big challenge for all financial institutions today and they must adopt stricter auditing systems with more constraints on activities and practices to cope in the coming period, said a top banking official. &qu More… |
