GCC Islamic banks eye M&A to boost competitive position

London/Manama, Aug. 19 -- Islamic bank mergers and acquisitions in the GCC region are likely to increase as many Islamic banks still lack the market position needed to compete with large established p... Read More

Ithmaar Bank offers training to Bahraini future leaders

MANAMA, Aug. 19 -- Ithmaar Bank, a Bahrain-based Islamic retail bank, welcomed twenty-eight undergraduate students from various local and international universities to its annual summer internship pro... Read More

iGA, Municipal Councils and Capital Secretariat join forces for provision of eServices

Manama, Aug. 19 -- Information and eGovernment Authority (iGA) Chief Executive, Mohammed Ali AlQaed received in his office at Isa Town the Chairman of the Capital Municipal Council, Saleh Tarradah, th... Read More

Over 33per cent decrease in dud cheques during 1H

MANAMA, Aug. 19 -- The Central Bank of Bahrain (CBB) has confirmed that the value of bounced cheques decreased by 33.6% to BD 61 million during the first half of this year. This is a clear indication... Read More

KFH-B embarks on a state-of-the-art open banking infrastructure

Manama, Aug. 19 -- Kuwait Finance House - Bahrain (KFH-Bahrain), has gone live with its advanced open banking infrastructure, which will allow it to partner with innovative fintech's from around the w... Read More

CBB issues rules on Insurance Aggregators

Manama, Aug. 19 -- The Central Bank of Bahrain ("CBB") issued the final rules on "insurance aggregators." "The introduction of insurance aggregator rules is a first step for the CBB towards "Insurete... Read More

Ithmaar Holding net profit up 24 percent to $13.03m for 1H

MANAMA, Aug. 7 -- Ithmaar Holding reported a net profit of US$13.03 million for the six-month period ended 30 June 2019, a 20.4 percent increase compared to the net profit of US$10.82 million reported... Read More

ABG net income reaches $56m in 1H

Manama, Aug. 7 -- Al Baraka Banking Group BSC (ABG), a leading Global Islamic Banking Group with its headquarters in the Kingdom of Bahrain, achieved a net income attributable to shareholders of US$ 5... Read More

Ithmaar Bank upgrading, relocating Muharraq branch

MANAMA, Aug. 7 -- Ithmaar Bank, a Bahrain-based Islamic retail bank, announced that it is upgrading and relocating its Muharraq branch to a new, better and more accessible location with ample parking ... Read More

Alba to focus on safety, people and community

MANAMA, Aug. 7 -- Aluminium Bahrain B.S.C (Alba) has welcomed Ali Al Baqali, a Bahraini-national, as its Acting Chief Executive Officer. Al Baqali has been a part of the Alba family for more than two ... Read More

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