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Latest Company News Updates - By Country |
Company
Industry (NewsDate) |
News Title |
Bahrain |
Arab Banking Corporation BSC
Banking
(August 5, 2008)
|
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
|
Arab Banking Corporation BSC
Banking
(August 4, 2008)
|
The bank suffered a USD71m loss in the second quarter this year as it was again hit by exposure to the subprime crisis.
Source: Gulf Daily News
|
Bahrain National Holding Company
Diversified Financial Services
(August 4, 2008)
|
The company's subsidiary,Bahrain National Life Assurance (BNL), has signed an exclusive partnership agreement with Assicurazioni Generali for the development of Generali employee benefits (GEB) in Bahrain.
Source: Gulf Daily News
|
Bahrain Telecommunications Company (Batelco)
Telecom
(August 3, 2008)
|
The company announced the launch of Cisco Unified Communication, a unified communications solution designed for small to medium enterprises (SMEs).
Source: Gulf Daily News
|
Central Bank of Bahrain
Banking
(August 5, 2008)
|
The bank highlights it's role.
Source: Gulf Daily News
|
First Leasing Bank
Banking
(August 4, 2008)
|
The bank has signed a USD13.5m agreement to lease construction and transportation equipment to Konstruktor Engineering Qatar.
Source: Gulf Daily News
|
Marina West
Banking
(August 5, 2008)
|
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
|
National Bank of Bahrain
Banking
(August 4, 2008)
|
The bank has promoted seven of its staff members to managerial positions.
Source: Gulf Daily News
|
Shamil Bank of Bahrain
Banking
(August 5, 2008)
|
The bank has announced a corporate restructuring in line with its long-term strategic objectives.
Source: Gulf Daily News
|
Shamil Bank of Bahrain
Banking
(August 4, 2008)
|
The bank has appointed Mr. Ahmed A. Rahim as Deputy Chief Executive.
Source: AME Info
|
Bangladesh |
ICB Islamic Bank Limited
Banking
(August 8, 2008)
|
The bank is one of the 30 banks who have failed to keep their commitment to slash the lending rates by the June deadline, flouting both central bank and bank owners association's advice.
Source: The Daily Star
|
Islami Bank Bangladesh Ltd.
Banking
(August 8, 2008)
|
The bank is one of the 30 banks who have failed to keep their commitment to slash the lending rates by the June deadline, flouting both central bank and bank owners association's advice.
Source: The Daily Star
|
Egypt |
Al Watany Bank Ltd
Banking
(August 7, 2008)
|
The bank posted a record first half profit as loans surged.
Source: Reuters
|
Central Bank of Egypt
Banking
(August 9, 2008)
|
The bank raises interest rates for the fifth time this year to tame inflation running at over 20 per cent, increasing both deposit and lending rates by 50 basis points.
Source: Khaleej Times
|
Commercial International Bank
Banking
(August 4, 2008)
|
The bank announced that a firm owned by Dubai's ruler had bought a 5.24 per cent stake in the bank, the emirate's second major investment in a year in Egypt's financial sector.
Source: Gulf Daily News
|
Germany |
Hannover Re
Insurance
(August 7, 2008)
|
Capital market and exchange rate movements dampen the company's profitability for the first half of 2008.
Source: Yahoo.Finance
|
India |
The Securities and Exchange Board of India (Sebi)
Diversified Financial Services
(August 8, 2008)
|
The company is likely to clear the long pending application of Taurus Parsoli Ethical Fund to launch a Shariah fund by the end of this month.
Source: Business Standard
|
Jordan |
Jordan Investment Trust PLC
Diversified Financial Services
(August 3, 2008)
|
The company announced its mid-year financial results, revealing that its net profit in the first half of 2008 have reached JD3m.
Source: Mena FN
|
Kuwait |
Al Mazaya Holding
Real Estate
(August 4, 2008)
|
The company's subsidiary, Al Mazaya Qatar, , announced its plans to issue 50 million shares in an initial public offering (IPO) at QR10 per share in the last quarter of the current year.
Source: Mena FN
|
Boubyan Bank
Banking
(August 7, 2008)
|
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
Banking
(August 7, 2008)
|
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
|
Central Bank of Kuwait
Banking
(August 5, 2008)
|
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
|
Global Investment House
Diversified Financial Services
(August 9, 2008)
|
The company is assigned with BBB, Outlook stable by Fitch Ratings.
Source: Gulf Base
|
Global Investment House
Diversified Financial Services
(August 5, 2008)
|
The company announced that its Global Islamic Fund of Funds was ranked number one in July 2008 by Zawya.
Source: Global Investment House
|
Gulf Bank
Banking
(August 7, 2008)
|
The bank has secured a central bank approval to buy back up to 10 percent of its stock.
Source: Arabian Business
|
Investment Dar (The)
Diversified Financial Services
(August 5, 2008)
|
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
|
Kuwait Investment Authority
Diversified Financial Services
(August 4, 2008)
|
The company plans to as much as triple investments in Japan to USD48b.
Source: Gulf Daily News
|
Mobile Telecommunications Co.
Diversified Financial Services
(August 7, 2008)
|
The company unveiled in Africa.
Source: Gulf Base
|
Malaysia |
AmBank (M) Berhad
Banking
(August 8, 2008)
|
The bank and Pos Malaysia Bhd announced a strategic tie-up to enable easy purchase of AmBank's popular NexG Prepaid MasterCard.
Source: Bernama
|
Association of Islamic Banking Institutions Malaysia
Business Services
(August 7, 2008)
|
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
|
Axis Real Estate Investment Trust (Axis REIT)
Diversified Financial Services
(August 6, 2008)
|
The company plans to acquire some RM500m worth of properties to boost its portfolio to over RM1b by next year.
Source: The Edge Daily
|
Axis REIT Managers Bhd
Diversified Financial Services
(August 5, 2008)
|
The company is looking to buy properties worth about RM566m.
Source: Bernama
|
Bank Islam Malaysia Berhadá
Banking
(August 8, 2008)
|
The bank launches its first Islamic structured investment product at 18th Flr, Darul Takaful, Jln Sultan Ismail, KL at 10am.
Source: The Edge Daily
|
Bank Muamalat Malaysia Berhad
Banking
(August 8, 2008)
|
The bank offers specially-designed home financing packages to buyers of PKNS properties.
Source: Bernama
|
CIMB Bank Berhad (formerly as Bumiputra Commerce Bank Berhad)
Banking
(August 5, 2008)
|
The bank focuses more on new products to help deposit growth in New products to help deposit growth.
Source: The Star Online
|
EonCap Islamic Bank
Banking
(August 5, 2008)
|
The bank pairs up with MasterCard Worldwide to launch what it bills as the world's first Islamic debit MasterCard.
Source: Finance Asia
|
Malayan Banking Bhd
Banking
(August 9, 2008)
|
The bank's share price fell for the second straight day, on concerns that its Bank Internasional Indonesia deal may actually be completed.
Source: Business Times Online
|
Malayan Banking Bhd
Banking
(August 8, 2008)
|
The bank has bought another 5 per cent of PakistanÆs MCB Bank for about USD213m, raising its stake in the South Asian nationÆs biggest lender to 20 per cent.
Source: Business Times Online
|
Malayan Banking Bhd
Banking
(August 5, 2008)
|
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
|
Nigeria |
Fidelity Bank
Banking
(August 6, 2008)
|
The bank is working on strategies to start Islamic banking in its operations.
Source: All Africa
|
Oman |
Oman Telecommunications (Omantel)
Telecom
(August 5, 2008)
|
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
|
Philippines |
Al Amanah Islamic Investment Bank
Banking
(August 7, 2008)
|
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
|
Development Bank of the Philippines
Banking
(August 7, 2008)
|
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
|
Qatar |
Barwa Real Estate
Real Estate
(August 6, 2008)
|
The companyand Qatar Islamic Bank (QIB) announced a Murabaha Sharia'-compliant financing deal worth 1.1 billion Qatari riyals.
Source: Gulf News
|
HSBC Qatar
Banking
(August 9, 2008)
|
The bank has hired Mr. Raj Sinha as Head of Equity Research.
Source: The Peninsula
|
Masraf Al Rayan
Diversified Financial Services
(August 4, 2008)
|
The company is planning to set up a representative office in the Libyan capital Tripoli before December as part of its expansion strategy.
Source: Gulf Times
|
Qatar Islamic Bank
Banking
(August 6, 2008)
|
The bank and real estate company Barwa announced today a Murabaha ShariaÆ-compliant financing deal worth 1.1bn Qatari riyals.
Source: Gulf News
|
Ras Laffan Industrial City
Diversified Financial Services
(August 5, 2008)
|
The company announces financial close.
Source: Meed
|
Saudi Arabia |
Banque Saudi Fransi
Banking
(August 9, 2008)
|
The bank has launched syndication of a USD300m loan through Calyon, Intesa Sanpaolo, RZB, SMBC and WestLB.
Source: AME Info
|
Maaden
Mining/Petroleum
(August 6, 2008)
|
The company is close to reaching a deal with Sahara Petrochemical Co to set up a caustic soda joint venture in the kingdom.
Source: Saudi Gazette
|
Maaden
Mining/Petroleum
(August 4, 2008)
|
The company will borrow around USD8b in the third quarter of 2009 to finance an aluminium plant.
Source: Mineweb
|
National Commercial Bank
Banking
(August 5, 2008)
|
The bank is affirmed at 'A+'/'F1' Stable outlook by Fitch .
Source: Alacra Store
|
Saudi British Bank
Banking
(August 4, 2008)
|
Fitch Ratings has affirmed bank's ratings at Long-term Issuer Default (IDR) 'A', Short-term IDR 'F1', Individual 'B' and Support '1'.
Source: AME Info
|
Saudi Hollandi Bank
Banking
(August 4, 2008)
|
The bank announced the signing of a USD195m fully Islamic financing for Arabian Amines Company, the new joint venture between Al-Zamil Group and the global petrochemicals manufacturer Huntsman Corporation.
Source: Company Website
|
Saudi Reinsurance Company (Saudi Re)
Insurance
(August 7, 2008)
|
The company, with capital of USD266.7m, will write traditional reinsurance and provide Sharia-compliant products for clients in the region.
Source: Business Insurance
|
Sri Lanka |
CIMA Sri Lanka
Business Services
(August 5, 2008)
|
The company now offers a certificate course in Islamic Finance.
Source: Daily Mirror
|
Switzerland |
Credit Suisse
Diversified Financial Services
(August 8, 2008)
|
The company is sued by Europe's largest computer chip maker, STMicroelectronics NV, for allegedly placing USD450m of its cash into auction-rate securities without authorization.
Source: Reuters
|
UAE |
Abu Dhabi Commercial Bank
Banking
(August 9, 2008)
|
The bank has plans stretching from the Gulf to southeast Asia.
Source: Gulf Base
|
Abu Dhabi National Energy Company (Taqa)
Diversified Financial Services
(August 8, 2008)
|
The comapny's second quarter profit more than doubled, boosted by foreign acquisitions and high oil prices.
Source: Al Watan
|
Amlak Finance
Diversified Financial Services
(August 5, 2008)
|
The company partners with RERA to launch the regionÆs first Escrow Awareness Campaign.
Source: Company Website
|
Central Bank of UAE(The)
Banking
(August 9, 2008)
|
The bank released that mortgage loans up 55pc to Dh65b in March.
Source: Gulf Base
|
Dubai Capital Group
Diversified Financial Services
(August 5, 2008)
|
The company eyes bank stakes in Egypt's Commercial International Bank.
Source: Gulf Daily News
|
Dubai Financial Market
Diversified Financial Services
(August 9, 2008)
|
The company announced that the value of shares bought by foreign investors, or non-UAE nationals, during last week reached AED1.917b comprising 37.49 per cent of the total value of stocks traded during the period.
Source: Gulf In The Media
|
Dubai International Financial Centre Authority(DIFC)
Diversified Financial Services
(August 4, 2008)
|
The company clarified its position on news reports that have recently appeared regarding 'Rashed Investment Bank' an Islamic investment bank proposed to be set up in Dubai.
Source: Company Website
|
Dubai International Financial Exchange Ltd (DIFX)
Diversified Financial Services
(August 5, 2008)
|
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
|
Dubai Islamic Bank
Banking
(August 5, 2008)
|
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
|
Emaar Financial Services
Diversified Financial Services
(August 5, 2008)
|
The company plans financial services unit in Saudi Arabia as part of a regional expansion plan.
Source: Gulf Daily News
|
Emirates NBD Bank
Banking
(August 4, 2008)
|
The company together with Hyatt Regency Galleria had recently launched an exciting new promotion offering Emirates NBD customers a free membership for one child or self at the Hyatt Regency Galleria Ice Rink.
Source: Company Website
|
Etisalat
Diversified Financial Services
(August 9, 2008)
|
The company gauges customer satisfaction with training through a survey.
Source: Gulf Base
|
Landmark Hotel Group
Real Estate
(August 5, 2008)
|
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
|
Praesidium LLP
Business Services
(August 5, 2008)
|
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
|
Standard Chartered Bank
Banking
(August 4, 2008)
|
The bank has been named the Best Project Finance House from Euromoney Islamic Finance Award 2008.
Source: Khaleej Times
|
Takaful House
Insurance
(August 4, 2008)
|
The company debuts on Dubai Financial Market.
Source: Zawya
|
Tamweel Co
Diversified Financial Services
(August 9, 2008)
|
A delegation from the company visited Project of Al Hanoo Group in Sharjah and signed an agreement with Al Hanoo Holding.
Source: Gulf Base
|
Tamweel Co
Diversified Financial Services
(August 5, 2008)
|
The company announced the commencement of its Egypt operations during a special ceremony held in Cairo.
Source: iStock Analyst
|
Uganda |
National Bank of Commerce
Banking
(August 5, 2008)
|
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
|
United Kingdom |
ETF Securities Limited
Diversified Financial Services
(August 5, 2008)
|
The physically backed precious metals exchange traded commodities (ETCs) platform of the company has been found to be Shariah compliant.
Source: Hedge Funds Review
|
Gatehouse Bank
Banking
(August 6, 2008)
|
The bank has strengthened its Capital Markets Origination and Structuring team by appointing Mr.Michael Clarke as a Director.
Source: Company Website
|
HSBC Bank
Banking
(August 6, 2008)
|
The bank sharpening its focus on Islamic lending in Turkey and across the Middle East.
Source: Guardian
|
HSBC Bank
Banking
(August 5, 2008)
|
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
|
HSBC Holdings Plc
Banking
(August 4, 2008)
|
The bank's profit slides 29% as bad debt charges top USD10b.
Source: Mena FN
|
PricewaterhouseCoopers International Limited
Business Services
(August 5, 2008)
|
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
|
Securities & Investment Institute
Business Services
(August 5, 2008)
|
The company and And Praesidium announces Islamic Finance Qualification (IFQ) - First Regional Launch in Singapore.
Source: Mondo Visione
|
United States |
Dow Jones Indexes
Diversified Financial Services
(August 4, 2008)
|
The company will launch 'The Global Dow', an index whose components are selected by the editors of The Wall Street Journal.
Source: Mena FN
|
Fitch Ratings
Business Services
(August 9, 2008)
|
The company affirms BankDhofar at 'BBB+'/'F2', outlook stable.
Source: Gulf In The Media
|
Investcorp
Diversified Financial Services
(August 7, 2008)
|
The company acquires approximately USD210m of debt from major investment and commercial banks.
Source: CPI Financial
|
MasterCard Worldwide
Diversified Financial Services
(August 5, 2008)
|
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
|
