Ithmaar Development Company (IDC) has won the 2013 Arabian Property Award for its Dilmunia at Bahrain website at the International Property Award gala in Dubai.
Dilmunia at Bahrain is a mixed-use project built on a man-made island
Ithmaar Bank, a Bahrain-based licensed Islamic retail lender, has announced three key appointments in its management structure.
As part of the revamp, Abdul Hakeem Al-Mutawa is the new general manager and head of retail and
Ithmaar Bank, a Bahrain-based Islamic retail bank, said it has signed an agreement to allow holders of globally-issued MasterCard credit and debit cards to use the bank's ATMs.
The Islamic retail bank said this allows all Mast
Dar Al Maal Al Islami (DMI) Trust, Ithmaar Bank's largest shareholder, hosted a reception for members of the group's senior management at the Ritz-Carlton Bahrain Hotel and Spa to honour Mohammed Bucheerei, who retired last month.
Bahrain's Ithmaar Bank said chief executive Mohammed Bucheerei will retire at the end of August and be replaced by Ahmed Abdul Rahim, currently general manager, as acting head.
Bucheerei led the bank's
Bahrain-based Islamic retail bank Ithmaar has named its general manager Ahmed Abdul Rahim as the acting chief executive officer effective September 1 in place of Mohammed Bucheerei who retires on August 31.
Lauding his services, I
Ithmaar Bank, a Bahrain-based Islamic retail bank, will support the Bahrain Association of Banks (BAB) in hosting a major event in the US to promote the kingdom as a key financial hub in the Middle East.
BAB is set to host the upc
Bahrain-based Ithmaar Bank said it has returned to the black with a net profit of BD540,000 ($1.4 million) for the first quarter compared to a loss of BD170,000 in the same period last year.
The Islamic lender pointed out that its
The international regulations demanding that banks increase their reserves over the next few years could see smaller institutions in the Middle East and across the developing world killed off, said Ithmaar Bank chairman Prince Amr Mohammed Al Fa