Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic bank, has reported an increase of 177 per cent in net profit for the first half at BD4.4 million ($11.67 million), compared with BD1.6 million for the same period last year. The profit fig
Ibdar Bank, a Bahrain-based Islamic wholesale investment bank, has earned returns of 15.95 per cent from the sale of a $30 million construction project, it announced yesterday.
The bank said its exit from Sakan Development Company
Lebanon's Bank Audi said first-half net profit rose seven per cent to $202 million compared with the same period last year, mostly due to higher revenue and it recorded healthy growth in its Egypt and Turkey operations.
Al Hilal Bank has appointed a new board of directors under the chairmanship of Mohamed Abdullah Al Rumaithi.
Mohamed Ali Al Dhaheri has been elected as the vice chairman to the board, said a statement.
Greeks queued outside banks on Monday (July 20) as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package of
Bahrain-based Bank ABC said it has closed a $250 million syndicated term loan facility for Bank Sohar.
The three-year facility was signed on July 14 and will be used by Bank Sohar for general funding purposes, said a report in the
Emirates NBD (ENBD), Dubai's largest lender, posted a 26 per cent rise in second-quarter net profit on Wednesday, slightly missing analysts' forecasts.
The lender, 55.6-per cent owned by state fund Investment Corp of Dubai
Ithmaar Bank, a Bahrain-based Islamic retail bank, has launched a new sharia-compliant prepaid e-Card.
A statement said the card is ‘designed to provide customers a faster, safer and more convenient online shopping experienc
Oman Arab Bank, a leading bank in the Sultanate, has selected NCR Aptra Activate software to deliver next generation omni-channel banking experience to its customers.
The software from the leader in consumer transaction technologi
The first Bahrain Bourse-listed real estate investment trust (REIT) has been announced by Eskan Bank with Securities & Investment Company (Sico) acting as lead arranger.
A listed REIT is an investment vehicle that invests dire