Business Blog

Dubai Islamic Bank's DISB.DU (DIB) net profit for the first quarter doubled, it said on Thursday, as the booming local economy boosted revenue and cut bad debts.

Fund for Development of Youth Projects, also known as Sharakah, plans to support 14 projects in different fields in Oman with an investment of around OMR720,000 this year, according to Abdullah Al Jufaili, the company's general manager.

DUBAI, May 1 (Reuters) - Dubai Islamic Bank DISB.DU (DIB) is in talks with a publicly-listed Islamic bank in Indonesia to take a 40 percent stake, DIB's chief executive said on Thursday. Adnan Chilwan told reporters that DIB hoped to conclude a...

Michel Accad has been appointed chief executive of Kuwait's Al Ahli Bank ABKK.KW , a stock market statement said on Thursday, the latest in a series of senior management changes at Kuwaiti lenders.

International law firm Simmons & Simmons and the Kyrgyz Republic have signed a ground-breaking agreement to provide consultancy services for the development of laws and regulations, supporting the introduction of Takaful (Islamic insurance) and Sukuk (Islamic securities) in the Kyrgyz Republic.

International law firm Simmons & Simmons and the Kyrgyz Republic have signed a ground-breaking agreement to provide consultancy services for the development of laws and regulations, supporting the introduction of Takaful (Islamic insurance) and Sukuk (Islamic securities) in the Kyrgyz Republic.