Oman Development Bank (ODB), a state-owned specialised bank for funding small and medium enterprises in Oman, is planning to extend its funding to more sectors including logistics, according to a report.
Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Jordan Islamic Bank (JIB) on the national scale at A+/A1 (jo) (Single A plus/A One). Ratings of JIB on the international scale have also been reaffirmed with the foreign
Bahrain-based Seera Investment Bank has sold an investment asset to a Saudi Arabian construction company for 424 million Danish Krone ($63.8 million). The sharia-compliant investment bank said in a statement yesterday that it sold Kosan Crispl
Bahrain-based International Investment Bank (IIB) has appointed Subhi F Benkhadra as its new chief executive officer.
Benkhadra, previously the chief executive officer of Abu Dhabi based Baniyas Investment and
More than 450 GCC bankers will come together next month at a leading banking technology and innovation event in Dubai this month.
The fifth Annual Middle East Banking Innovation Summit will take place on Septem
Seera Investment Bank, a sharia-compliant investment bank headquartered in Bahrain, reported consolidated net income of $2.3 million for the six months ended June 30, compared with a loss of $29.5 million for the same period last year. The pro
Kuwait International Bank (KIB) has successfully closed a debut syndicated murabaha financing facility. A statement said Bahrain-based Bank ABC and Bank ABC Islamic acted as the initial mandated lead arrangers and co-ordinating banks for the f
Investors were caught completely off-guard this week after Burgan Bank announced that it could redeem subordinated bonds ahead of time, raising concerns that bondholders have grown complacent about regulatory risk across the Middle East.
United Arab Bank has mandated Arab Banking Corporation (Bank ABC) as initial mandated lead arranger and bookrunner to arrange on its behalf a $125 million syndicated term loan facility.
The facility, which will