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First Energy inks $34m facility with Dutch firmFirst Energy Bank (FEB), a Bahrain-based Islamic investment bank, has signed a 25-million-euro ($34 million) Murabaha facility with the Netherlands-based Kore Coal Finance, a subsidiary of Sapinda Holding. The financing will assis More… |
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Borealis-First Energy JV buys key stake in Bulgarian firmBahrain-based First Energy Bank and Borealis, the second largest producer of polyethylene and polypropylene in Europe have jointly bought 20.3 per cent stake in Neochim AD, Bulgaria's leading producer and distributor of fertilisers. More… |
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MENAdrill signs $130 million finance dealMENAdrill Investment Company (MIC), incorporated in Cayman Islands and principally promoted by First Energy Bank (FEB), has signed a three-year $130 million limited recourse Islamic financing with Gulf International Bank (GIB). The facilit More… |
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First Energy appoints new chairmanBahrain-based First Energy Bank (FEB), a major Islamic investment bank, has appointed Khadem Abdulla Al Qubaisi as the bank’s new chairman, following the recent departure of the bank’s former chairman, Esam Janahi. Al Qubaisi has served as More… |
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First Energy Bank posts $4m net profitFirst Energy Bank (FEB), a leading Bahrain-headquartered Islamic bank, said it has registered a net income of $4 million for the third quarter, a significant improvement over last year's $0.9 million. Announcing the third quarter resul More… |
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First Energy Bank posts $3.9m Q1 profitFirst Energy Bank (FEB), a leading Islamic investment bank headquartered in Bahrain, has registered a net profit of $3.96 million for the first quarter thus giving a solid and positive start to the year. Announcing the results on Sunday, F More… |
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First Energy posts $14m profitBahrain-based First Energy Bank (FEB), a leading Islamic investment bank, posted profits of $14.2 million for 2009 at its third annual general meeting held today (March 30). The bank’s total revenues increased to $47.41 million, and total More… |
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MENAdrill jack up rigs on trackMENAdrill Investment Company, the inaugural venture of Bahrain-based First Energy Bank (FEB), said its jack up rigs - MENAdrill Hercules I & II - are currently under construction and will be ready for operations this year. A Cayman Isl More… |
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First Energy Bank posts $14.2m profitFirst Energy Bank (FEB), an Islamic investment bank based in Bahrain, has announced a net profit of $14.2 million in 2009, its first full year of operations, when compared to $42,000 in 2008. The FEB also reported a gross income of $4 More… |
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First Energy, PMD to set up polysilicon ventureA world class $1 billion polysilicon production facility, the first of its kind and scale in the region, will be established in Saudi Arabia’s Al Jubail Industrial City 2. The project is spearheaded by its strategic partner, the Bahrain-ba More… |
