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Money
50-60 U.S. Banks Expected To Fall This Year
The number of U.S. bank failures is expected to drop this year to about 50 to 60 institutions as the industry…
UAE Banks Use New Fund Transfer System
UAE banks have fully adopted the UAE Fund Transfer System (UAEFTS) that enables them to conduct all interbank local…
Dubai’s Tamweel Q1 Net Profit Drops 33%
Dubai-based sharia-compliant mortgage lender Tamweel posted a 33% fall in first quarter net profit, hit by…
Fitch Affirms National Bank of Bahrain At ‘BBB’; Outlook Stable
Fitch Ratings has affirmed National Bank of Bahrain's (NBB) Long-term Issuer Default Rating (LT IDR) at 'BBB' and…
KFH Bahrain Receives JP Morgan Quality Award
Kuwait Finance House - Bahrain (KFH-Bahrain) was awarded the J.P. Morgan 'Outstanding Payments Quality Certificate…
Aman CEO: Raising Awareness On Takaful Benefits A Must To Flourish
The increased level of awareness on the significant benefits and advantages of using Takaful products and services…
Swiss Re Expects Rising Prices
Swiss Re said on Tuesday it expected reinsurance prices to rise further and to boost its margins, with sound…
Japan Pledges $60 Bln To IMF
Japan vowed it will provide $60 billion in loans to the International Monetary Fund, the first non-European nation…
Kuwait’s Boubyan Bank Posts KD 2.48 Mln Net Profit For Q1 2012
Kuwaiti lender Boubyan Bank announced that its net profit reached KD 2.48 million, a growth of 17% for the first…
Turkey’s Bank Asya Receives US$325 Mln Islamic loan
Turkish lender Asya Katilim Bankasi (Bank Asya) has secured a $325 million dual-currency syndicated Islamic loan, a…