Tuesday 28 July 2015
 
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Islamic

IS launches rocket attack on Egypt navy vessel

CAIRO Egypt's Islamic State affiliate said on Thursday (July 16) it fired a rocket at an Egyptian naval vessel in the Mediterranean Sea near the coast of Israel and the Gaza Strip. The militant group Sin

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Bank ABC in $250m million loan facility deal

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

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Emirates Islamic post $121m net profit, up 97pc

Emirates Islamic, a leading Islamic financial institutions in the UAE, has posted a net profit of Dh447 million ($121.6 million) for the first half of the year, a 97 per cent increase over the same period last year. Its total oper

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CIBAFI-World Bank pact to boost Islamic finance

Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, and the World Bank yesterday signed a memorandum of understanding (MoU) aimed at helping foster the devel

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Council strengthens role in Islamic financial services

A new strategy will see Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) strengthen its role as an advocate for the Islamic financial services industry with international standard-setting organisations and regu

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Islamic State commits major massacre in Syria's Kobani

Islamic State has committed its second-biggest civilian massacre in Syria with an attack on the town of Kobani and a nearby village, killing at least 146 civilians so far, a conflict monitor said on Friday. Fighting between the Ku

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Emirates Islamic launches mobile banking app

Emirates Islamic, a leading Islamic financial institution in the UAE, has launched EI World, a fun and easy way to bank on iPhones. EI World is a first-of-its-kind mobile banking app that allows Emirates Islamic customers to condu

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Qadeem launches ceramic pieces collection for Ramadan

‘Qadeem’, a Jordanian company that specialises producing handmade and hand-painted ceramics, has launched a wide range of ceramic pieces, with Islamic decoration, graphics and calligraphy in many different forms for Ramadan.

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Mobily launches range of Islamic applications, services

Etihad Etisalat Mobily has launched a distinguished range of Islamic applications and services, which convoy with the spirituality of Ramadan. The offer includes ten days free access when one subscribes to the Islamic content serv

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ICD in deal to open ‘Islamic window’ in Chad

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), has signed an agreement with a Chadian-Libyan bank The Banque Commerciale du Chari (BCC) for the establi

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