Islamic Funds and Investments Industry Witnesses Rapid Global Expansion
More than 400 key players, regulators and thought leaders in the global Islamic funds and investments industry are…
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Banks
NBAD Appoints Regional Manager in Kuwait
Abu Dhabi/Kuwait City (May 13, 2013) – The National Bank of Abu Dhabi (NBAD) has appointed May Al Mudhafas NBAD’s…
U.S. Probes Barclays Over Ties To Saudi Prince
Barclays and a Saudi prince are at the center of a U.S. Department of Justice probe into whether the U.K. bank made…
Visa Inc. Reports Fiscal Second Quarter 2013 Net Income of $1.3 billion or $1.92 per…
Visa Inc. (NYSE: V) today announced financial results for the Company's fiscal second quarter 2013 ended March 31,…
Net Income of Al Baraka Banking Group Jumped by 15% to US$66 Million
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that its net income…
Bank Muscat Says Mulling Options To Recover Card Fraud Money
Bank Muscat, the main victim of a $45 million global cyber heist, is examining all options to recover the money it…
QNB Says Free Trade Agreement Likely Boost Inter-Arab Trade
THE trade of the 18 countries in the Greater Arab Free Trade Area (GAFTA) grew 11 percent in 2012 to $2.1 trillion,…
Abu Dhabi Islamic Bank – Egypt Announces Q1 2013 Financial Results
The Q1 financial results for Abu Dhabi Islamic Bank – Egypt (ADIB – Egypt- Previously the National Bank for…
HSBC Says Q1 Profits Jump To $8.4 Bln As Bad Debts Drop
HSBC said its first quarter profits almost doubled from a year ago to more than $8 billion as bad debts and costs…
Bank Nizwa May Be Included In MSM30 Index
Bank Nizwa is likely to be included in the MSM 30 Index — the barometer of the market movement, as the liquidity in…