Friday 11 July 2014
 
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Bahrain bank

Alkhair wins key ruling against ex-CEO

The Bahrain Chamber of Dispute Resolution (BCDR) has issued a verdict in favour of Bank Alkahir against its former chief executive officer  Majed Al-Refai and has also asked him to repay a $2 million loan he had taken during his tenure in

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Cluttons advises Seera on UK project deal

Cluttons Capital Partners (CCP) has successfully advised Bahrain-based Seera Investment Bank in a structured financing transaction for a high-quality student accommodation scheme located in Aldgate, UK, and within Zone 1, a report said.

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BMI offers fresh range of loans

BMI Bank, a leading Bahraini retail and commercial banking institution, has announced the launch of a new range of loans. The bank is offering eligible customers the opportunity to receive the highest loan amount in the market at

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Elaf completes Malaysia funding facility

Bahrain's Elaf Bank said it has concluded an funding facility for Malaysian company Serba Dinamik to help finance a five-year contract awarded by Petronas Carigali. Serba is a major provider of integrated and specialised engineering a

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BBK in talks over workers' development

BBK chief executive Abdul Karim Bucheery met Bankers Union chairman Khalil Zainal in the first of a series of meetings to develop employees in the industry and enhance their rights. The meetings are being convened between BBK and the union

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Taib Bank narrows Q3 net loss

Bahrain-based Taib bank has reported a significant improvement in its core business with a narrower third-quarter net loss of $2.7 million compared to $8.5 million last year. Announcing the results for the nine month period, Taib said its

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Tamkeen, BMI extend finance scheme

Tamkeen and Bahrain retail banking institution BMI Bank have announced the extension of its successful Sharia-compliant financing scheme for enterprises within the local private sector to fulfil their financial needs at a competitive cost.

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BBK starts new Cashlink service

BBK, Bahrain's pioneer in retail and commercial banking, has launched its BBKCashlink service, an online development that has been designed to meet the needs of its corporate customers. First envisaged in 2006, the system was created a

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GIB nine-month profit hits $84.6m

Bahrain-based Gulf International Bank (GIB) has registered a consolidated net income of $84.6 million after tax for the first nine months  ended September 30. The net income after tax in the third quarter was $22.2 million. Announcing

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BMI, Eskan seal partnership deal

Bahraini retail bank BMI and Eskan Bank, a leader in housing finance in the Kingdom, have entered into a partnership agreement to offer flexible financial solutions to Bahrainis. As per the deal, customers of Eskan Bank’s Housing Loan sche

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