Al Meera Consumer Goods Co , which recently struck a deal to franchise French retailer Casino's Geant hypermarkets in the parts of the Gulf, will explore financing options to fund its expansion plans.
February 21, 2012 4:49
Belgium-based SWIFT, which provides banks with a system for moving funds around the world, bowed to international pressure on Friday and said it was ready to block Iranian banks from using its network to transfer money.
February 19, 2012 10:09
Kuwait Finance House (KFH) , the country's largest Islamic bank, said on Wednesday its profit fell by 24 percent in 2011, as the lender put aside money to meet investment losses.
February 15, 2012 2:35
Dubai's Emirates airline has hired three local banks to arrange a 1.9-billion dirhams ($517.3 million) Islamic loan facility to finance three aircraft, the chief executive of one of the banks confirmed on Tuesday.
February 7, 2012 3:12