Most of Gulf Drops, with Banks Driving Saudi Shares Lower
Most stock markets in the Gulf fell on Monday, with Saudi Arabia declining for a third day as its banking shares dropped.
Saudi Arabia's index...
Islamic Development Bank Allocates Over $80M for Social Projects in Tajikistan
Islamic Development Bank allocates $80.3 million for the implementation of two social projects in the Khatlon region, as well as provide technical assistance for...
Mideast Stocks: Emirates NBD’s Gains Support Dubai, Egypt Up On Financials
The Dubai stock market rose on Thursday, mainly helped by its largest lender Emirates NBD, while Egypt rebounded on the back of financials. Dubai's...
Fitch Ratings: Saudi Islamic Banking Dominant, Asset Quality Weakened and Profitability...
Fitch Ratings says profitability improved in 2018 at Saudi Islamic banks as these benefited from stronger growth opportunities but asset-quality challenges continued. Saudi Islamic...
Saudi Arabia’s SASCO Signs a SAR 166 Million Financing Deal with...
Saudi Automotive Services Company (SASCO) has signed a SAR 166 million Shari’ah compliant financing facility agreement with National Commercial Bank (NCB).
In a bourse filing,...
Global Banking &Finance Review: KFH-Bahrain Winner for Best Islamic Retail Bank...
Global Banking&Finance Review has awarded Kuwait Finance House-Bahrain B.S.C. in recognition for its dedication to providing leadership, innovation and excellence in Islamic Retail Banking.
”A...