 |
Noor Islamic posts $20.5m net profit for 2012Dubai-based Noor Islamic Bank delivered a strong performance in 2012 that has translated into a rise in profits of Dh26.4 million ($7.18 million) to Dh75.5 million ($20.54 million), year-on-year. Based on the significant progress More… |
 |
SABB net profit surges 11pc in Q1Saudi British Bank (SABB), an associated company of the HSBC Group, has registered a net profit of SR948 million ($252.7 million) for the first quarter, up 11 per cent compared to SR854 million last year. The Saudi bank posted an More… |
 |
KFH wins approval for 20pc capital hikeShareholders in Kuwait Finance House (KFH), the country's largest Islamic lender, have agreed to a 20 per cent capital hike, the company said on Monday. KFH had said last year that the bank plans to increase its capital to boo More… |
 |
Al Meera eyes capital boost through rights issueQatar-based consumer goods company Al Meera, the franchise for French retailer Casino's Geant hypermarkets in Qatar and Oman, aims to double its capital base from QR100 million to QR200 million ($27.4 million to 54.8 million) through i More… |
 |
ME 'attractive destination for capital'The Middle East region's demographics continue to make it an attractive destination for capital, according to a leading independent specialist investor in global private markets. In an exclusive interview with the Gulf Daily N More… |
 |
Bank Muscat gets $195m equity investment from IFCBank Muscat agreed on an equity investment worth 75.1 million rials ($195.1 million) from the International Finance Corp, it said on Wednesday, a move which will bolster the capital base of Oman's largest lender. More… |
 |
Saudi project capex to hit $71bnThe capital expenditure for the upcoming projects in Saudi Arabia is poised to hit SR269.7 billion ($71.6 billion) in 2013, registering a modest two per cent increase over SR264 billion last year, said a report. The government&rsq More… |
 |
Saudi Mobily announces $2bn capital increaseShareholders of Saudi Arabia's second largest telecoms company Etihad Etisalat (Mobily) have approved its decision to raise the firm's capital by 10 per cent to SR More… |
 |
Sanctions hurting Iran's access to capitalWestern sanctions on Iran contributed to a drop in Iran's access to global sources of capital last year, the US Treasury department said in a report to Congress. Foreign banks cut their lending exposure to Iran by the equivale More… |
 |
Saudi urges 50pc capital boost for Arab lenderSaudi Arabia called for a minimum 50 per cent increase in the capital of the Arab Fund for Economic and Social Development (AFESD), a leading Arab soft-loan development institution, and urged more commerce between Arab countries. More… |
