| News by Country |
| News by Industry |
| News by NewsType |
August 5, 2008 |
| Latest Company News Updates |
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| Company (Industry) |
News Title |
Amlak Finance
UAE
(Diversified Financial Services)
|
The company partners with RERA to launch the regionĘs first Escrow Awareness Campaign.
Source: Company Website
|
Arab Banking Corporation BSC
Bahrain
(Banking)
|
The bank posted a net profit of USD15.7m for the first half of the year, an increase of 72.8 per cent over the same period last year.
Source: Gulf Daily News
|
Axis REIT Managers Bhd
Malaysia
(Diversified Financial Services)
|
The company is looking to buy properties worth about RM566m.
Source: Bernama
|
Central Bank of Bahrain
Bahrain
(Banking)
|
The bank highlights it's role.
Source: Gulf Daily News
|
Central Bank of Kuwait
Kuwait
(Banking)
|
The bank no longer allows local banks to buy US dollars from it and sell them to it for currency trades, bankers, a move that has blocked offshore banks from betting on the dinar.
Source: Gulf Daily News
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CIMA Sri Lanka
Sri Lanka
(Business Services)
|
The company now offers a certificate course in Islamic Finance.
Source: Daily Mirror
|
CIMB Bank Berhad (formerly as Bumiputra Commerce Bank Berhad)
Malaysia
(Banking)
|
The bank focuses more on new products to help deposit growth in New products to help deposit growth.
Source: The Star Online
|
Dubai Capital Group
UAE
(Diversified Financial Services)
|
The company eyes bank stakes in Egypt's Commercial International Bank.
Source: Gulf Daily News
|
Dubai International Financial Exchange Ltd (DIFX)
UAE
(Diversified Financial Services)
|
The company is planning reforms to boost liquidity in a move that could edge it closer to a merger with rival bourse the Dubai Financial Market (DFM).
Source: Gulf Daily News
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Dubai Islamic Bank
UAE
(Banking)
|
The bank is awarded Cedar Management Consulting for its support in effectively program managing the implementation of DIB's new core banking system, Flexcube from i-flex solutions.
Source: AME Info
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Emaar Financial Services
UAE
(Diversified Financial Services)
|
The company plans financial services unit in Saudi Arabia as part of a regional expansion plan.
Source: Gulf Daily News
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EonCap Islamic Bank
Malaysia
(Banking)
|
The bank pairs up with MasterCard Worldwide to launch what it bills as the world's first Islamic debit MasterCard.
Source: Finance Asia
|
ETF Securities Limited
United Kingdom
(Diversified Financial Services)
|
The physically backed precious metals exchange traded commodities (ETCs) platform of the company has been found to be Shariah compliant.
Source: Hedge Funds Review
|
Global Investment House
Kuwait
(Diversified Financial Services)
|
The company announced that its Global Islamic Fund of Funds was ranked number one in July 2008 by Zawya.
Source: Global Investment House
|
HSBC Bank
United Kingdom
(Banking)
|
The bank met analysts' forecasts with a 28 per cent fall in its first-half profit, as a USD14b hit from bad debts on US home loans and asset writedowns offset strong Asian growth.
Source: Gulf Daily News
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Investment Dar (The)
Kuwait
(Diversified Financial Services)
|
The company expects a profit rise in 2008 despite a slight second-quarter decline as the Islamic bank expands by setting up units in London and Dubai.
Source: Reuters
|
Landmark Hotel Group
UAE
(Real Estate)
|
The company will launch ten Shariah-compliant hotel and serviced apartment projects in the UAE and KSA by the end of 2010.
Source: Arabian Business
|
Malayan Banking Bhd
Malaysia
(Banking)
|
The bank could suffer total losses of up to RM3.5b if it is forced to sell down the 20% block in PT Bank Internasional Indonesia Tbk (BII) within two years.
Source: The Edge Daily
|
Marina West
Bahrain
(Banking)
|
The bank has signed an agreement with the Bahrain Society of Engineers (BSE) to be a platinum sponsor and exhibitor at a top property expo.
Source: Gulf Daily News
|
MasterCard Worldwide
United States
(Diversified Financial Services)
|
The company and EonCap Islamic Bank have jointly launched what they are billing as the world's first Islamic debit MasterCard, the EonCap Islamic Debit MasterCard.
Source: Finance Asia
|
National Bank of Commerce
Uganda
(Banking)
|
The Islamic Development Banking has teamed up with the bank and they are in the process of opening up the Islamic bank.
Source: The New Vision
|
National Commercial Bank
Saudi Arabia
(Banking)
|
The bank is affirmed at 'A+'/'F1' Stable outlook by Fitch .
Source: Alacra Store
|
Oman Telecommunications (Omantel)
Oman
(Telecom)
|
The company posted net profit of USD194.5m in the six months ended June 30, up 54.3pc from the year-earlier period.
Source: Gulf Daily News
|
Praesidium LLP
UAE
(Business Services)
|
Praesidium PTE, a subsidiary of the company has been appointed as the first SII Accredited Training Provider offering the Islamic Finance Qualification (IFQ) in Singapore.
Source: Mondo Visione
|
PricewaterhouseCoopers International Limited
United Kingdom
(Business Services)
|
The company won the Best Takaful Advisory Firm category at the recent 2008 International Takaful Awards, which celebrated the Islamic insurance sector.
Source: UK Trade & Investment
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Ras Laffan Industrial City
Qatar
(Diversified Financial Services)
|
The company announces financial close.
Source: Meed
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Securities & Investment Institute
United Kingdom
(Business Services)
|
The company and And Praesidium announces Islamic Finance Qualification (IFQ) - First Regional Launch in Singapore.
Source: Mondo Visione
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Shamil Bank of Bahrain
Bahrain
(Banking)
|
The bank has announced a corporate restructuring in line with its long-term strategic objectives.
Source: Gulf Daily News
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Tamweel Co
UAE
(Diversified Financial Services)
|
The company announced the commencement of its Egypt operations during a special ceremony held in Cairo.
Source: iStock Analyst
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