Kuwait Finance House replaces CEO
Kuwait Finance House said on Monday that its board of directors unanimously decided to remove Mazin Saad Al-Nahedh as CEO effective immediately.
In a bourse...
ITFC Provides $100mln Covid-19 Emergency Fund to Egypt
The International Islamic Trade Finance Corporation (ITFC) has signed a $100m financing agreement with Egypt’s General Authority for Supply Commodities (GASC) to cover the...
Iran to Issue Sukuk Securities to Fund Oil, Gas Projects
Iran plans to issue sukuk securities worth up to $217 million to fund oil and natural gas projects, state-run energy news service SHANA reported.
Vice...
GCC Markets in Red as Saudi Arabia Warns of ‘Painful’ Times...
Gulf stock markets were trading deep in the red on Sunday, with the region’s largest bourse – Saudi Arabia’s Tadawul – leading declines, after...
Virus May Force Kuwait Finance and AUB to Reassess Merger
One of the Middle East’s rare cross-border bank mergers may need to be reassessed after the coronavirus delayed the formation of an entity with...
The Dubai Islamic Bank Achieved a Net Profit of Dh 1.1...
The Dubai Islamic Bank (DIB), the largest Islamic bank in the United Arab Emirates, announced on Thursday a net profit of Dh 1.1 billion...