Saturday 31 January 2015

Bank Dhofar mulls options for up to $300m capital raising

Bank Dhofar, Oman's third-largest lender by assets, plans to raise its capital by up to $300 million at the earliest opportunity, with a Tier 1 capital-boosting bond its preferred method, the bank said in a statement. It is the latest Gulf lender to consider capital instrumen


Mumtalakat rules out asset sale

Bahraini sovereign fund Mumtalakat will not sell any assets or change its investment strategy in response to a likely oil price-driven shortfall in the state budget, it said on Thursday. The fund holds stakes in Bahraini companies including Aluminium Bahrain, Gulf Air and Batelco


Emirates Islamic Bank selects Finacle solutions

Emirates Islamic Bank (EI), a leading Sharia-compliant banking institution in the Middle East, has selected the Infosys Finacle Islamic Banking solution to run its operations.   With Finacle, EI can leverage a world-class platform that will enable the bank to serve its custom

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