Thursday, September 19, 2019

Sohar Islamic’s Offices Shift to Ghala

Sohar Islamic, the Islamic Banking window of Sohar International, has relocated its offices from MBD to Ghala stated a media release. The new location also...
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Islamic finance to expand rapidly in CIS countries in next five...

Islamic finance is set to expand rapidly in Commonwealth of Independent States (CIS) countries in the next five years from a very low base,...
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Bank of Sharjah Is Said to Plan Dollar Bond Sale to...

(Bloomberg) -- Bank of Sharjah PJSC plans to issue dollar-denominated bonds later this year to help the United Arab Emirates lender repay existing debt, people...
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Mobile Phones Are Replacing Bank Accounts in Africa

(Bloomberg) -- It doesn’t look like the hub of an online bank. But that’s what the yellow and blue metal kiosk becomes when Albert Agane...
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Egyptian E-Payment Firm Fawry Surges in Trading Debut in Cairo

(Bloomberg) -- The first company to make its trading debut on Egypt’s bourse this year, electronic-payments firm Fawry for Banking & Payment Technology Services S.A.E.,...
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Ex-Barclays Executives Face New Charges in 2008 Qatar Fraud Case

(Bloomberg) -- U.K. prosecutors added to the fraud indictment of three former Barclays executives who are to go on trial in connection with the bank’s...
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ahlibank’s total assets up by 11.8% in Q2; net profit for...

In its financial statements for the second quarter (ending June. 30, 2019) ahlibank has recorded a noteworthy growth surge of 11.8% in its total...
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StanChart Private Equity Spinoff Plans Middle East Investment

(Bloomberg) -- Affirma Capital, the private equity spinoff of Standard Chartered, plans to complete at least one acquisition in the Middle East and Africa over...
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Sohar International rights issue oversubscribed; Tier 1 capital raised by OMR40m

Sohar International recently announced the successful closure of its rights issue with an oversubscription. This raises its Tier 1 capital by OMR 40m.In spite...
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OAB becomes the first bank in Oman to be an ICAEW...

Oman Arab Bank (OAB) has added yet another feather to its cap by becoming the first bank in Oman to be recognised as an...
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