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Majid Al Futtaim Group reports increase in its revenues in H1 2019

Dubai, Sept. 2 -- Majid Al Futtaim, said its overall group revenue increased by 1% to AED17.9 billion, despite challenging market conditions and more cost-conscious consumer behaviour across the regio... Read More


Al Baraka Egypt reports robust financials for H1, 2019

MANAMA, Sept. 2 -- Al Baraka Bank Egypt, the investment arm of Al Baraka Banking Group in Egypt, continued its growth and progress in all its activities and continued to achieve outstanding financial ... Read More


Ithmaar Holding shareholders say yes to voluntarily delisting from Boursa Kuwait

MANAMA, Sept. 2 -- Shareholders of Ithmaar Holding, a Bahrain-based holding company that is licenced and regulated as a Category 1 Investment Firm by the Central Bank of Bahrain (CBB) and listed on th... Read More


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