Bank of Bahrain and Kuwait (BBK) is open to acquisitions of Islamic banks provided they offered a feasible business proposition, the bank's chairman Murad Ali Murad has said.
Speaking on the sidelines of a combined annual and
Chinese conglomerate Fosun International said it bought a five per cent stake in British travel group Thomas Cook Group, deepening its foray into Europe's tourism sector after buying French holiday maker Club Med last month.
Qatar Airways has bought a 9.99 per cent stake in International Airlines Group, worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Spain's Iberia in the one world alliance
Saudi Arabia's National Industrialisation Co (Tasnee) signed a SR1.2 billion ($319.4 million) Islamic loan it will use to part-fund buying a further stake in its subsidiary Cristal, the industrial manufacturer said.
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said it had bought 60,000 tonnes of wheat from France in a tender for shipment on December 21 to 31.
Egypt, the world's biggest state importer
Kuwait Airways has agreed to buy 10 widebody 777-300ER passenger aircraft from manufacturer Boeing to upgrade its fleet, the airline's chairwoman said on Thursday.
The deal has a value of $3.3 billion at list price, although a
Kuwait's Aviation Lease & Finance Co (Alafco), a unit of Kuwait Finance House (KFH), plans to spend about $600 million buying 15 new aircraft over the next two years to cover a gap before it receives already-ordered planes in 2017, the c
Private importers in Iran bought 95,000 to 120,000 tonnes of corn in the past few weeks, adding to other recent large grain purchases as the country builds up strategic stocks, trade sources said on Friday.
The sources said the co
Gulf Air and Citi Bahrain have launched a promotional campaign that will allow Citi credit cardholders to purchase Gulf Air tickets/services with zero interest instalment plans.
Under the agreement, Gulf Air will offer all Citi cr
Middle Eastern banks bought the vast majority of a debut $500 million sukuk issue by Goldman Sachs, a positive sign for other conventional banks hoping to tap the region's liquidity by issuing Islamic debt, according to data from lead manage