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Oman’s Bank Muscat $251 Mln Rights Issue 128 Pct Covered
Bank Muscat, Oman's largest lender by market value, saw its 96.7 million rials ($251.2 million) rights issue 127.5…
Abu Dhabi Islamic Bank First UAE Islamic Bank To Offer Instant Finance
ADIB is the first UAE Islamic bank – and among the first in the world - to offer such a quick instalment based…
UAE Bank Assets Increased 0.4 Per Cent To AED 1,732.7 Billion By End Of June
Figures released by the Central Bank of the UAE show that money supply M0 (currency in circulation + currency at…
HSBC Bank Oman Links Atms To Omannet Switch
HSBC Bank Oman has successfully linked its newly expanded ATM network to OmanNet Switch, giving customers broader…
UAE Exchange Houses May Charge For Remittances To Pakistan
The Foreign Exchange & Remittance Group (FERG) has announced that exchange companies in the UAE may have to…
Yields On Egyptian 91-Day T-Bills Edge Down
The average yield on 91-day Egyptian treasury bills eased slightly at an auction on Sunday while those on 273-day…
China Central Bank To Step Up Monetary Policy Fine-Tuning In Second Half
China's central bank pledged on Sunday to intensify its monetary policy fine-tuning in the second half of this year…
Banque Misr to Finance Suez Power Plant with EGP 400 mln
Banque Misr approved to contribute EGP 400 million to the long-term fund which is organized by the National Bank of…
EU Council De-Lists Bank Mellat Ex-Chairman To Avoid Court
The Council of the European Union reversed its decision to place sanctions against Dr Ali Divandari, the former…
KIB Organizes Second Islamic Seminar During Ramadan
Kuwait International Bank (KIB) has recently organized an Islamic seminar for its employees by Dr. Khaled Al…