First Gulf Bank (FGB), the third-largest lender by assets in the United Arab Emirates, has cut close to 100 jobs, three sources aware of the matter said on Monday, in the latest sign of Gulf banks adjusting to deteriorating market conditions.
Bahrain–based United Gulf Bank (UGB), the merchant banking subsidiary of Kuwait’s Kipco Group, has reported a net profit of $6 million for the nine months ended September 30, lower by 62 per cent when compared with net profit of $1
Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported a net profit of $11.4 million for the nine-month period ended September 30, as against a net profit of $4.8 million reported for the same period last year. Net profit attributable
Bahrain's financial regulator plans to establish by the end of this year a central sharia board of scholars that will oversee the kingdom's Islamic finance sector, a central bank official said.
Gulf International Bank (GIB) has reported a profit of $64.7 million for the nine months ended September 30, compared to $72.7 million in the prior year period.
The net profit for the third quarter of the
The Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Bank ABC Islamic at A+(bh) (Single A Plus)/A1(bh) (A One) on the national scale (long term and short term respectively), and A- (Single A Minus)/A2 (A Two) on the int
United Arab Bank chief executive officer Paul Trowbridge has left the Abu Dhabi-listed lender, three sources aware of the matter told Reuters on Friday.
Two of the sources said that Trowbridge, who has held the
Ibdar Bank, a Bahrain-based wholesale Islamic investment bank, has appointed Khalil Al Awadhi as executive director, Investors Relations.
Awadhi joins the bank with more than 30 years of experience in asset man