Bahrain-based Seera Investment Bank has reported a total income of $34 million for 2013, an increase of 170 per cent over the previous year.
The Sharia-compliant investment bank's net profit for the year was $4.1 million compared to a net profit of $6.6 million in 2012, repor
The National Bank of Abu Dhabi (NBAD) said its board has approved the distribution of 40 per cent cash dividends and 10 per cent stock dividends for 2013 to its shareholders.
Announcing this at the annual general meeting, chairman Nasser Ahmed Alsowaidi said: “NBAD performe
National Bank of Abu Dhabi, the largest lender by market value in the United Arab Emirates, expects growth in its loans of 8 to 10 percent in 2014, chief executive Alex Thursby said on Tuesday.
"Loan growth will be good this year but there are also other drivers of growth -
The Al Basel Group of Companies has launched Amani Investments, an investment arm which is the conglomerate’s latest addition to its diverse portfolio of business interests.
Amani Investments will offer financial and investment solutions for companies an
Union Insurance Company, a leading provider of insurance products to individuals and organisations in the region, has posted a Dh66.7 million ($18.2 million) profit last year.
The company’s profit increased by a staggering 562 per cent from its net loss
Oman's central bank has told commercial lenders to avoid conflicts of interest when appointing board members and senior management, in a fresh effort to improve corporate governance in the sultanate.
The move coincides with a wide-ranging government crackdown on corruption, w
Japan has agreed to lend Tunisia 750 million dinars ($480 million) to support the transition to democracy in the North African country where the Arab Spring began, the deputy foreign minister said on Tuesday.
The money, which will be split into two loans, will be allocated to fin
More than 400 governance, risk and compliance professionals and 35 high-profile regional and international speakers will take part in a major compliance and anti-laundering seminar next week in Saudi Arabia.
Thomson Reuters, the world’s leading source of information for bus
The Berne Union Prague Club, an information exchange network for new and maturing insurers of export credit and investment, has elected Karim Nasrallah, who is the general manager of the Lebanese Credit Insurer (LCI), as its chairman to serve for the coming two
The United Arab Emirates' first real estate investment trust, Emirates REIT, said on Tuesday that it planned to raise at least 500 million dirhams ($135 million) through an initial public offer of its shares on the Nasdaq Dubai bourse.
The company will use the proceeds for po