Bank Muscat, Oman's largest lender, plans to establish a 500 million rial ($1.3 billion) Islamic bond programme this year, and expects to conduct the first sukuk issue by an Omani bank in September, a bank official was quoted as saying.
The bank will seek shareholder approval
Citadel Capital, a leading investment company in Africa and the Middle East, has reported a standalone net profit of EGP10.5 million ($1.48 million) in 2013 when compared to a net loss of EGP66.4 million the previous year.
Announcing the financial results, the Egypt-based company
More than half of the customers (53 per cent) in Saudi Arabia have a high degree of trust in their primary financial service providers (PFSP) compared to the global average of 44 per cent, said a report.
Also the confidence in the Saudi banking industry is on the rise, with
A working group comprising representatives of "Big Four" professional services firms and other Sharia reviewers will be set up in Bahrain to develop an external auditor's framework, in collaboration with Accounting and Auditing Organisation for Islamic Financial Institutions (AAOI
Bahrain-based Ithmaar Bank has reported a net loss of BD29.9 million ($79.3 million) for 2013 as against a net loss of BD10.1 million the year before.
The results include a loss, for the quarter ended December 31 last year of BD25.4 million, against a loss of BD4.2 million for th
Bahrain Chamber of Commerce and Industry (BCCI) elected Khalid Almoayyed unopposed as chairman at its first meeting yesterday (March 2).
Othman Al Rayes and Isa Al Rafaie were elected first deputy chairman and treasurer respectively, said a report in the Gulf Daily News (GDN), ou
More than 400 delegates, including industry experts and professionals, will be in Bahrain this week for the 'Euromoney GCC Financial Forum.'
The event, being co-hosted by Bahrain's Economic Development Board, kicks off on Tuesday (March 4) at the Ritz-Carlton Bahrain
Former chairman of the US Federal Reserve Dr Ben S Bernanke will speak at the 2014 Global Financial Markets Forum (GFMF), organised by the National Bank of Abu Dhabi (NBAD).
Dr Bernanke, who left his post as the chairman of the Board of Governors of the Federal Reserve System on Februa
Citibank Bahrain and Kempinski Grand & Ixir Hotel at Bahrain City Centre have signed a deal to provide multiple privileges and seasonal offerings from the hotel to the bank’s customers.
As part of the partnership, which is valid throughout the year, an exclusive offer f
Dubai's Emirates airline today denied any immediate plans to list on the stock market, an Al Arabiya News report said.
Reacting to a report in The Telegraph that the airline that Dubai is considering selling off part of the lucrative state-owned airline, Emirates president Si