Bahraini Capivest, Elaf Bank, Capital Management House Announced Merge
Three Bahrain-based Islamic investment banks Capivest, Elaf Bank and Capital Management House announced their…
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Banks
UAE’s Banks Violate Blank Check Rules
Some banks in UAE are flagrantly violating rules that prohibit them from taking blank checks from customers who…
Islamic Development Bank Signs US$ 2 Bln Co-Financing Agreement With KDB
Islamic Development Bank (IDB) signed a Framework Co-financing Agreement (FCA) with Korea Development Bank (KDB) at…
Barclays Lowers Lebanon’s GDP Forecast On Political Tensions
Barclays Capital revised downward its projection for real GDP growth in Lebanon to 3.1 percent in 2012 from an…
Lebanon’s Bank Audi Sells Stake In LIA To Saham
Lebanon-based Bank Audi finalized its sale Wednesday of a majority stake in its LIA unit – an estimated over-$100…
Bahrain Issues 10-Yr Dollar Bonds
The Central Bank of Bahrain (CBB) announces the successful launch of the latest development bond issuance of the…
Tunisian President Dismisses Central Bank Governor
Tunisian President Moncef Marzouki sacked on Wednesday the country's central bank governor, Mustapha Nabli,…
Islamic Development Bank’s USD800 Mln Sukuk Issuance Rated At ‘AAA’
Fitch Ratings has rated Islamic Development Bank's (IDB) issuance of USD800m Trust Certificates due 26 June 2017…
Barclays’ Absa Profit Drops Most In Four Years On Bad Debts
Absa Group Ltd. (ASA), the South African bank controlled by Barclays Plc (BARC), dropped the most in almost four…
Barclays Bank Egypt Holds Exclusive Economic Forum For Its Customers
Barclays Bank Egypt hosts an insightful event featuring Alia Moubayed, Barclays Capital Senior Economist – Middle…