Register for our free newsletter
Nokia charging back with full force
Saudi government websites targeted
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 Islamic Bank (DIB), Dubai's largest sharia-compliant bank by assets, posted a 25 percent rise in 2011 net profit, the lender said in a statement on Thursday.
February 2, 2012 1:00
Dubai mall developer Majid Al Futtaim (MAF) Holding launched a $400 million five-year Islamic bond, or sukuk, at a profit rate of 5.85 percent, tighter than guidance.
January 31, 2012 3:02Dubai's Tamweel, a sharia-compliant mortgage provider, has launched a $300 million five-year Islamic bond, or sukuk, a document from lead managers said on Tuesday.
January 11, 2012 11:18Dubai Islamic Bank's Chief Executive Officer Abdulla Al Hamli has resigned from the board of Gulf Finance House , the Bahraini investment bank said Sunday.
January 8, 2012 10:43Abu Dhabi Islamic Bank (ADIB) said it had fully paid an $800 million, five-year Islamic bond which matured on Dec. 12, 2011.
December 13, 2011 11:40Bahrain's central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks' capital bases, a senior official said on Sunday.
December 11, 2011 6:28Abu Dhabi Islamic Bank has issued an initial pricing indication for a five-year dollar-denominated benchmark-sized sukuk, or Islamic bond, with pricing set for Tuesday at the earliest, leads said on Monday.
November 22, 2011 2:09
With its economy expecting 5 percent growth in 2011, Oman says it will keep investing in US Treasuries because “no one else is pulling out their investment”.
October 11, 2011 2:14Saudi Arabia's Sheikh Saleh Kamel said the venture is still in discussions with Qatar to obtain a licence.
February 16, 2011 4:03The new bank, started with a capital of $36 million, is fully owned by Abu Dhabi’sAl Hilal Bank.
March 20, 2010 10:45Kuwait is planning to set up a…
September 15, 2009 2:53
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
Yahoo! board unanimously approves the acquisition...
May 19, 2013 3:20
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
