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Ahli United Bank launches mobile app for customers’ feedback
(Biz Bahrain - 28/06/2018)

Ahli United Bank has launched ‘AUB MyVoice’, a new mobile application designed to make it easier for customers to communicate with the Bank and report any concerns, complaints or suggestions they might have relating to their banking experience with

A wide range of investment plans to KFH customers
(Arab Times - 28/06/2018)

Kuwait Finance House (KFH) rolls out a wide range of long-term investment plans specifically designed to fulfil all customers’ needs and meet their aspirations, yet reinforce the culture of planning for the future and reiterate the Bank’s pioneering

Doha Bank showcases Qatar’s economic resilience in Geneva
(The Peninsula - 27/06/2018)

Doha Bank CEO, Dr R Seetharaman (pictured), participated in the commencement ceremonies of EU Business School in Geneva, Switzerland and Munich, Germany, recently and showcased Qatar’s sustainability one year after the blockade, and also highlighted

KHCB sponsors the activities of the Bahrain Sports Federation for Disabilities
(Biz Bahrain - 25/06/2018)

Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, has announced its sponsorship of the events and activities of the Bahrain Sports Federation for Disabilities, as part of its firm commitment to its social

RakBank, Xpress Money partner for payment service
(Trade Arabia - 25/06/2018)

RakBank, a leading bank in the UAE, has partnered with Xpress Money, a major money transfer brand, to offer convenient money transfer services to RakBank customers through the bank’s remittance service RAKMoneyTransfer (RMT).<br/><br/> The bank’s money

KFH-Bahrain inks financing deal with Ibn Khuldoon
(Trade Arabia - 25/06/2018)

Kuwait Finance House – Bahrain (KFH-Bahrain), a top Islamic banking services provider, will finance the construction of new buildings at Ibn Khuldoon National School, following the recent agreement signed between the two parties.<br/><br/> The signing

Fitch upgrades outlook of Doha Bank to stable
(Gulf Times - 24/06/2018)

Fitch Ratings has upgraded the outlook of Doha Bank from negative to stable and affirmed the long-term Issuer Default Ratings (IDR) at ‘A’, it was announced in a statement. <br/><br/> “The upgrade to stable follows the revision of the Qatari sovereign’s

Bahrain Islamic relaunches premium banking services
(Trade Arabia - 24/06/2018)

Bahrain Islamic Bank (BisB) has announced the relaunch of its Al Thuraya Premium Banking Services with a selection of new unique features tailored to cater to the needs of High Net Worth Individuals (HNWIs) as part of its ongoing commitment to the

Barwa Bank and International Bank of Qatar in advanced merger talks
(The Peninsula - 21/06/2018)

Qatari lenders Barwa Bank and International Bank of Qatar are in advanced talks to merge after discussions for a three-way merger with another bank collapsed last week, sources told Reuters on Wednesday.<br/><br/> The proposed merger between the two

Bank Muscat wins Best Trade Finance Provider in Oman award
(Oman Daily Observer - 20/06/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, has won the ‘Best Trade Finance Provider in Oman’ award by Deutsche Bank. The bank won two awards for its Global Trade Services and Global Financial Institutions departments in

Bank ABC wins CBB nod for share price liquidity
(Trade Arabia - 20/06/2018)

Bank ABC, a leading player in the region’s banking industry, said it has obtained approval from the Central Bank of Bahrain (CBB) to appoint a market maker for enhancing the liquidity of its share trading on the Bahrain Bourse.<br/><br/> This arrangement

Emirates NBD signs Amwal for clearing services
(Trade Arabia - 20/06/2018)

Emirates NBD, a leading bank in the region, has announced that UAE-based Amwal Brokerage has signed up as trading member to avail the bank’s settlement and clearing services.<br/><br/> Following approval by the Securities and Commodities Authority (SCA)

UAE's NBF looks to set up debt programme to fund growth plans
(The National - 14/06/2018)

The National Bank of Fujairah, which counts the emirate's government and Investment Corporation of Dubai among its shareholders, plans to set up a debt programme and regularly tap international capital markets from next year to fund future

QIB to open all mall branches from second day of Eid
(The Peninsula - 14/06/2018)

Qatar Islamic Bank (QIB) has announced that all its mall branches will open their doors starting from the evening of the second day of Eid Al Fitr, to serve customers.<br/><br/> The branches include Al Gharafa (Q-Mall), City Centre, Dar Al Salam Mall,

KIB successfully closes $250mn syndicated Murabaha facility
(Arab Times - 14/06/2018)

KIB has successfully closed a US$ 250 million 3-year Syndicated Murabaha Financing Facility with a consortium of international and local banks, which was oversubscribed. Standard Chartered Bank was the sole Coordinating Bank, while First Abu Dhabi Bank

Alinma Bank announces branches open during Eid Holiday
(Saudi Gazette - 13/06/2018)

Alinma Bank has announced that a number of its branches will remain open during the upcoming Eid Al-Fitr holiday to serve its customers. From Wednesday (June 13) through Thursday (June 21) the bank’s Takhassusi, Aziziyah, and Nahdha branches in Riyadh;

QINVEST records $858m of completed exits
(The Peninsula - 13/06/2018)

QINVEST, Qatar’s leading private investment group and one of the region’s most prominent Islamic financial institutions, yesterday announced the successful exit of a real estate mezzanine murabaha transaction in the US.<br/><br/> The transaction, backed

Rakbank, Sage partner to offer VAT-compliant cloud accounting
(Gulf News - 13/06/2018)

Rakbank and cloud computing firm Sage on Tuesday announced a partnership that will see Sage’s VAT-accredited accounting software offered to the bank’s business customers across industries.<br/><br/> Dhiraj Kunwar, Rakbank’s managing director of Business

CBK directs banks to provide investment data on qtrly basis
(Arab Times - 13/06/2018)

The Central Bank of Kuwait (CBK) has issued a circular for banks operating in accordance with Islamic Shari’a, requesting them to provide direct investment data on a quarterly basis in a collective manner (bank and subsidiary companies), reports Al-Rai

Prince Mohammed honors Saudi Fransi Bank
(Saudi Gazette - 12/06/2018)

Prince Mohammed Bin Abdul Rahman Bin Abdulaziz, deputy governor of Riyadh, honored Saudi Fransi Bank for sponsoring the graduation ceremony, which was organized by Dar Al Uloom University in Riyadh.<br/><br/> The accolade, which took place during the

ADIB finances Dh118.2m acquisition in UK
(Gulf News - 12/06/2018)

Abu Dhabi Islamic Bank (ADIB) UK has arranged and structured a Sharia-compliant transaction to finance the acquisition of the UK based Lateral House for Dh118.2 million on behalf of an Abu Dhabi-based private banking client.<br/><br/> Lateral House is a

NBK Capital, IHC announce closing of private placement of 35% of capital
(Arab Times - 12/06/2018)

Watani Investment Company (NBK Capital) and Integrated Holding Company (IHC), the largest crane operator in the Middle East focused on the oil, gas and energy sectors, announced the successful closing of the private placement of 35% of the company’s

Alizz Islamic Bank promotes Omanis
(Times of Oman - 07/06/2018)

Reaffirming its position of developing local talent in the banking sector, Alizz Islamic Bank’s human resources division has announced the promotion of several of its employees to senior management positions. <br/><br/> Chief Operating Officer Moosa

QIB wins The Banker’s ‘Islamic Bank of the Year — Qatar’ award for 6th consecutive year
(Gulf Times - 07/06/2018)

Qatar Islamic Bank (QIB) has received the ‘Islamic Bank of the Year – Qatar’ award by The Banker for the year 2017, marking the sixth consecutive year that QIB secures this prestigious award.<br/><br/> The award reflects QIB’s continuous efforts to

Bahrain Islamic Bank launches innovation lab
(Trade Arabia - 07/06/2018)

Bahrain Islamic Bank (BisB) has recently announced the launch of its in-house innovation lab, a dedicated creative space that will allow the bank to perform exploratory test runs, in an effort to continually improve new banking products and services

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