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…
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Banks
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…
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…
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…
CBE Sells T-bills For EGP 2 Bln
Ministry of Finance said the yield on treasury bills rose and the Central Bank of Egypt sold only EGP 2 billion…
Ahli United Bank To Launch Alpha Fund In Q3
Ahli United Bank-Egypt delayed launching its second mutual fund “Alpha Fund” to the third quarter of the current…
Albaraka Turk Opens Branch In Iraq
Albaraka Turk Katilim Bankasi AS (ALBRK), a Turkish Islamic bank, opened a branch in Erbil, northern Iraq and plans…
