Business Blog

Dubai Islamic Bank may need to enhance its capital reserves if it is to maintain its levels of loan growth, the bank's chief executive said.

Saudi Arabia's Advanced Petrochemical Co. will begin meeting investors from Sunday ahead of a potential sale of a sukuk denominated in riyals, it said.

Saudi Arabia's Advanced Petrochemical Co. will begin meeting investors from Sunday ahead of a potential sale of a sukuk denominated in riyals, it said.

Saudi Arabia's Advanced Petrochemical Co. will begin meeting investors from Sunday ahead of a potential sale of a sukuk denominated in riyals, it said.

* Sources say ECB considering buying corporate bonds* Earnings results beat expectations in Europe, the U.S.* European shares inch up, euro hits one-week low, yields fallBy Marius ZahariaLONDON, Oct 22 (Reuters) - European shares edged up and the euro hit a one-week low against the dollar on Wednesday, driven by upbeat company earnings results and hopes of corporate bond buying by the European Cen

Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 55.7% increase in third-quarter net profit on Wednesday, beating analysts' forecasts.