| News by Country |
| News by Industry |
| News by NewsType |
August 7, 2008 |
| Latest Company News Updates |
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| Company (Industry) |
News Title |
Al Amanah Islamic Investment Bank
Philippines
(Banking)
|
Development Bank of the Philippines (DBP) has acquired the entire stake of the Government Service Insurance System (GSIS) in the bank, bringing to 90% its holdings in the countryÆs lone Islamic bank.
Source: Business World
|
Al Watany Bank Ltd
Egypt
(Banking)
|
The bank posted a record first half profit as loans surged.
Source: Reuters
|
Association of Islamic Banking Institutions Malaysia
Malaysia
(Business Services)
|
EÆtemad Islamic Finance the first advisory aimed at the globalization of Sharia compliant finance and banking, has been launched in the Dubai International Finance Centre, UAE.
Source: Company Website
|
Boubyan Bank
Kuwait
(Banking)
|
The bank could appoint Former deputy governor of KuwaitÆs Central Bank, Mr. Nabeel Al-Mannae, as the Executive Chairman.
Source: Arab Times Online
|
Central Bank of Kuwait
Kuwait
(Banking)
|
The bank's former Deputy Governor, Mr. Nabeel Al-Mannae, could be appointed the Executive Chairman of local Islamic lender Boubyan Bank.
Source: Arab Times Online
|
Development Bank of the Philippines
Philippines
(Banking)
|
The bank has acquired the entire stake of the Government Service Insurance System (GSIS) in Al- Amanah Islamic Investment Bank of the Philippines, bringing to 90% its holdings in the countryÆs lone Islamic bank.
Source: Business World
|
Gulf Bank
Kuwait
(Banking)
|
The bank has secured a central bank approval to buy back up to 10 percent of its stock.
Source: Arabian Business
|
Hannover Re
Germany
(Insurance)
|
Capital market and exchange rate movements dampen the company's profitability for the first half of 2008.
Source: Yahoo.Finance
|
Investcorp
United States
(Diversified Financial Services)
|
The company acquires approximately USD210m of debt from major investment and commercial banks.
Source: CPI Financial
|
Mobile Telecommunications Co.
Kuwait
(Diversified Financial Services)
|
The company unveiled in Africa.
Source: Gulf Base
|
Saudi Reinsurance Company (Saudi Re)
Saudi Arabia
(Insurance)
|
The company, with capital of USD266.7m, will write traditional reinsurance and provide Sharia-compliant products for clients in the region.
Source: Business Insurance
|
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