The federal government has cut struggling Islamic lender Amlak's debt burden by $1.1 billion, the UAE economy minister said on Tuesday, in the latest effort to revive the Dubai mortgage provider whose stock has been halted since 2008.
March 20, 2012 10:59
Bahraini Islamic lender Al Baraka Banking Group aims for 15-percent growth in net profit this year and plans to buy a 75-percent stake in an unlisted Indonesian bank as part of its global expansion plan.
March 4, 2012 11:17
Bahraini Islamic lender Al Baraka Banking Group aims for 15-percent growth in net profit this year and plans to buy a 75-percent stake in an unlisted Indonesian bank as part of its global expansion plan.
March 4, 2012 11:17
Bahraini Islamic lender Al Baraka Banking Group made a fourth-quarter net profit of $46 million, unchanged on the same period in 2010, the bank said in a statement on Thursday.
February 25, 2012 1:26