Sunday 20 April 2014
 
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Al Rajhi Bank earnings slip again on provisions

Al Rajhi Bank reported a slump in net profit for the first three months of 2014, marking the second quarter in a row that Saudi Arabia's largest listed lender has posted a big decline in earnings. The bank made 1.71 billion ri

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CBQ foreign ownership limit raised to 25pc

Foreign investors can own from Sunday 25 percent of Commercial Bank of Qatar's shares, a statement from the stock exchange said, as the lender becomes the latest firm to loosen ownership restrictions prior to the country's MSCI upgrade.

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Bahrain urged to protect financial information

Bahrain has been urged to introduce strict conditions to ensure classified financial information is not leaked to public.   The Bankers Union says the findings of a government inquiry that confidential documents

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Collapsed Bahraini banks seek debt deal

A multi-billion dollar financial dispute that followed the collapse of two Bahraini banks continues to make ripples around the world.    Now, more than four years later, some creditors are being offered a fi

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Al Hilal Bank kicks off auto fest

Abu Dhabi-based Al Hilal Bank kicked off an auto festival offering its famous 60-minute 'walk in, drive out' auto finance scheme via Al Hilal Takaful.   The financing option starts at a rate of 1.99 per c

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Al Hilal Bank kicks off auto fest

Abu Dhabi-based Al Hilal Bank kicked off an auto festival offering its famous 60-minute 'walk in, drive out' auto finance scheme via Al Hilal Takaful.   The financing option starts at a rate of 1.99 per c

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Bank Albilad implements FIS payment hub

FIS, a leading provider of banking and payments technology, said Saudi Arabia’s Bank Albilad has deployed its payments hub to support the bank’s rapid expansion and diversification of customer services.  

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Bahrain Premier urges banks to back projects

Bahrain's Premier has called upon banks and financial institutions to support and fund development projects in the kingdom.   His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa chaired a w

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Riyad Bank to arrange SAIB sukuk

Saudi Investment Bank (SAIB) has picked the investment banking arm of Riyad Bank to arrange a subordinated Islamic bond issue, banking sources said on Thursday, the latest lender in the kingdom to eye a capital-boosting sukuk offering.

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Dubai plans to set up world's first Islamic exim bank

Dubai's government will consider establishing the world's first fully sharia-compliant export-import bank to promote the emirate's foreign trade, the Department of Economic Development said on Wednesday.  

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