Sharjah Islamic Bank opens new branch in Dubai
(AME Info
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30/04/2012)
HE Sami Al Qamzi, Director General of Dubai Department of Economic Development (DED), officially opened the new branch of Sharjah Islamic Bank on Sheikh Zayed Road, in the presence of HE Mohammed Abdullah, CEO of Sharjah Islamic Bank, HE Ahmed Saad,
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Bank of Sharjah announces its financial results for Q1 2012
(AME Info
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30/04/2012)
Bank of Sharjah announced its financial results for the three months ending March 31, 2012, revealing the strength of its balance sheet, soundness of its assets quality, and continued growth with total income and operating profit before impairment
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NBF net profit in first three months of 2012 grows 27.3%
(Press Release
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30/04/2012)
National Bank of Fujairah PSC (NBF) is pleased to announce its results for the three month period ended 31 March 2012. Highlights: • NBF recorded a net profit of AED 64.5 million compared to AED 50.6 million in the corresponding period of 2011 • Results
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Commercial Bank announces 2011 profits before provision at KD 101.2mln
(Al Watan
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30/04/2012)
The Commercial Bank of Kuwait at their Ordinary General Meeting held Sunday announced the bank's profit before provision at 101.2 million Kuwaiti dinars and after provision against the loan and investment portfolios, the net profit attributable to
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DIB sustains growth in Q1
(Khaleej Times
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30/04/2012)
Dubai Islamic Bank, DIB, the oldest Islamic bank in the region, on Sunday reported an 11 per cent surge in net profit to Dh245 million for the first quarter of 2012 from Dh222 million in the same 2011 period. The bank said the result demonstrated its
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Great response shown to QIB's blood donation campaign
(AME Info
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29/04/2012)
QIB, the benchmark Islamic Bank in Qatar, recently organized a successful blood donation campaign in association with Hamad Medical Corporation, which took place on the morning of April 25. The goal of the campaign was to increase stocks of blood within
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QIBK financial strength rating affirmed on negative outlook
(AME Info
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29/04/2012)
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Qatar Islamic Bank's (QIB's) Financial Strength Rating (FSR) of 'A', which reflects the Bank's overall strong credit metrics, a robust operating environment
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37pc of top Dubai SMEs pick Emirates NBD
(Trade Arabia
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29/04/2012)
Emirates NBD, a leading bank in the region, has announced that it was the preferred banking partner for 37 of the 100 top performing SME organisations in Dubai (Dubai SME 100). This includes three of the top ten Dubai SME 100 companies - Mepco Gulf co,
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DIB posts Q1 profit of AED 245 million
(CPI Financial
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29/04/2012)
For the first quarter of 2012, Dubai Islamic Bank (DIB) reported a net profit of AED 245 million, an increase of 11 per cent compared to AED 222 million in the corresponding period of 2011. Total revenue earned during this quarter was AED 1.23 billion
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Bahrain Islamic Bank reports slump in Q1 profits on provisions
(CPI Financial
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29/04/2012)
Bahrain Islamic Bank reported net profit of BHD 543,000 ($1.4 million) for Q1 2012, compared with BHD 1.5 million a year ago. Operating profit dropped from BHD 2.5 million to BHD 2 million. The bank says it took provisions of BHD 1.5 million as a
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United Arab Bank to open new branch in Abu Dhabi
(AME Info
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29/04/2012)
The Captain of the 2006 World Cup Winning Team, Fabio Cannavaro, will be signing free t-shirts and footballs at the grand opening of United Arab Bank's Airport Road Branch in Abu Dhabi on Monday 30th of April. Cannavaro is the "Brand Ambassador" for
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Masraf Al Rayan Q1 profits up 7.8 per cent
(CPI Financial
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29/04/2012)
Qatar-based Islamic bank Masraf Al Rayan has reported Q1 2012 profits of QAR 353.5 million, up 7.8 per cent from QAR 328 million a year ago. Earnings per share were QAR 0.47, up from QAR 0.44. Total operating income rose from QAR 587 million to QAR 615.6
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BankMuscat ranked 300 among top global banking brands
(Oman Daily Observer
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29/04/2012)
BankMuscat, the flagship financial institution in the Sultanate, has moved up again to reinforce its ranking at 300 among the top 500 global banking brands compared to 331 in 2011. The 2012 Brand Finance Banking®500 report, published in association with
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Qatar-based Al Rayan GCC Fund is ‘top performer’
(Gulf Times
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28/04/2012)
Masraf Al Rayan has said its flagship investment fund ‘Al Rayan GCC Fund’ has been offering “consistently strong” returns with investors enjoying 10% appreciation in the last four months, making it the best performing fund based in Qatar. Al Rayan GCC
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NBO’s Q1 net jumps 24 per cent
(Oman Daily Observer
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28/04/2012)
National Bank of Oman (NBO) achieved a net profit of RO 9.6 million for the three months ended March 31, 2012, a 24 per cent increase over the comparative period in 2011. Net interest income grew by 21 per cent to RO 16.2 million in the first quarter of
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CBI on a talent hunt
(Khaleej Times
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28/04/2012)
Commercial Bank International (CBI) took an active part in the Ras Al Khaimah Career Fair. The bank showcased its career opportunities and summer training programme at the annual career fair which concluded on Thursday. The CBI used this important
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KFH achieves KD 182.8 million total revenue in Q1
(Al Watan
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27/04/2012)
Kuwait Finance House (KFH), the country's biggest Islamic lender, reported on Thursday an 11.5 percent decrease in first-quarter (Q1) net profit, missing analysts estimates. Chairman Sameer Al-Nafisi announced that KFH has achieved total revenues of
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KFH gains top $72 million
(Gulf Daily News
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27/04/2012)
Kuwait Finance House (KFH), the country's biggest Islamic lender, yesterday reported an 11.5 per cent decrease in first-quarter net profit, missing analysts' estimates. Net profit fell to 20 million dinars ($72m) in the quarter to end-March from 22.6m
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Al Khaleej Takaful Q1 net profits slump compared to 2011
(CPI Financial
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26/04/2012)
Al Khaleej Takaful Group’s financial statements revealed a net profit of QAR 20.5 million in comparison to QAR 44 million for the corresponding period in 2011. The Earnings per Share (EPS) amounted to QAR 1.44 as of 31 March 2012, versus QAR 3.09 of the
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NBAD joins environmetal movements to protect planet
(AME Info
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26/04/2012)
The National Bank of Abu Dhabi (NBAD) has joined Emirates Wildlife Society in cooperation with the World Wide Fund for Nature (EWS-WWF) in celebrating Earth Day on April 22nd and World Turle Day on 23rd 2012. NBAD's support for these important events is
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Dubai lender ENBD posts $174.51 million Q1 net profit
(Reuters
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26/04/2012)
Emirates National Bank of Dubai (ENBD) is wary of new regulations limiting loan exposures to state-linked entities, Dubai's largest lender said on Wednesday, after posting first-quarter earnings that beat analysts' forecasts. The United Arab Emirates'
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No pay increase for ADCB directors
(The National
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26/04/2012)
Shareholders in Abu Dhabi Commercial Bank (ADCB) have voted down a proposal to increase directors' pay. At the annual meeting, held this week, an individual shareholder called for the board's pay to be doubled because of the bank's improved performance.
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Burgan Bank Group reports KD 17.5mn Q1 net profit, reflects 48% growth
(Al Watan
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26/04/2012)
Burgan Bank Group reported Wednesday 17.5 million Kuwaiti dinars net profits for the first quarter of 2012 (growth of 48 percent), compared to KD 11.8 million for the same period in 2011. Earnings per share increased to 11.9 Kuwaiti fils compared to 7.8
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ENBD wary of new loan regulations
(Gulf Daily News
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26/04/2012)
Emirates NBD (ENBD) is wary of new regulations limiting loan exposures to state-linked entities, Dubai's largest lender said yesterday, after posting first-quarter earnings that beat analysts' forecasts. The UAE central bank this month proposed
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Bahrain Islamic Bank posts $1.4m net profit
(Gulf Daily News
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26/04/2012)
Bahrain Islamic Bank registered at net profit of BD543,000 ($1.4 million) in first quarter of this year compared with BD1.5m for the same period last year. Operating profit was BD2m compared with BD2.5m last time and the bank has taken provisions of
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