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Malaysia’s Zeti Emphasizes Economic Well-being Challenge of Islamic Finance
The advancements the Islamic finance industry has made in the last decade have resulted in wide-ranging new…
Egypt – Saudi Arabia Tension Affects Egyptian CDs In Arab Countries
Sources expected Egyptian dollar certificates of deposit to be affected after Saudi Arabia shut its embassy in…
Piraeus Bank Launches Credit Cards Next Week
Piraeus Bank-Egypt will launch a variety of credit cards next week, official sources told Amwal Al Ghad. Sources…
United Bank To Offer EGP 90 Mln Islamic Loan To Tawfeek Financial Lease
United Bank approves offering Islamic sharia-compliant finance with value of EGP 90 million to Al Tawfeek Co. for…
UAE’s National Bank Of Fujairah Q1 Profit Records Dhs64.5 Mln
National Bank of Fujairah PSC (NBF) recorded a net profit of Dhs64.5m for the three month period ended 31 March…
CIB Markets US$ 175 Mln Ethylene Loan By Mid May
Commercial International Bank plans to market its share in the loan offered to Egyptian Company for Ethylene which…
Saudi Arabia’s Banks Q1 Profit Reports SR9.6 Bln
Saudi Arabia’s 12 major banks reported a total profit of SR9.6 billion in Q1, 2012, reflecting a year-on-year…
Dubai Islamic Bank Q1 Net Profit Registers Dhs245 Mln
Dubai Islamic Bank (DIB) announced its financial results for the three months ending March 31, 2012, demonstrating…
Kuwait’s Warba Bank Signs USD 20 Mln Property Finance Deal
Kuwait lender Warba Bank (WB) has concluded a financing deal to purchase a USD-20-mln property and develop it into…
Al-Moussa To Head Kuwait Commercial Bank
Commercial Bank of Kuwait plans to appoint Ali al-Moussa as chairman and managing director.Al-Moussa will resign…