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Banking and Finance

Banking and Finance latest

International Islamic Trade Finance Corporation (ITFC) Strengthens Comoros’ Energy Security and Food Resilience with Innovative Trade Finance Solutions
November 14th, 2025 - 03:55 GMT

International Islamic Trade Finance Corporation (ITFC) Strengthens Comoros’ Energy Security and Food Resilience with Innovative Trade Finance Solutions

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, continues to make significant progress in its partnership with the Union of Comoros, delivering impactful trade finance solutions to bolster the country’s energy security, food supply, and economic diversification. With no domestic oil production and modest agricultural output, Comoros depends heavily on imports to power its economy and sustain its population of approximately 850,000. Since 2008, ITFC has emerged as a critical partner, approving over US$799.3 million in trade finance to support the ...
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Emirates NBD arranges DAMAC’s USD 200 million  2.25-year senior unsecured sukuk
February 14th, 2023 - 09:17 GMT

Emirates NBD arranges DAMAC’s USD 200 million 2.25-year senior unsecured sukuk

Mastercard and Network International launch new Artificial Intelligence fraud-prevention solution
February 14th, 2023 - 08:15 GMT

Mastercard and Network International launch new Artificial Intelligence fraud-prevention solution

Laila Abdullatif Wins The $1,200,000 Tejoori Al Islami Grand Prize for 2022
February 14th, 2023 - 07:53 GMT

Laila Abdullatif Wins The $1,200,000 Tejoori Al Islami Grand Prize for 2022

RAKBANK delivers the highest annual profit growth in over a decade with a Net Profit of AED 1,163.4M and a growth of 53.4% YoY
February 13th, 2023 - 04:21 GMT

RAKBANK delivers the highest annual profit growth in over a decade with a Net Profit of AED 1,163.4M and a growth of 53.4% YoY

 KPMG in Kuwait conducts annual tax event 'Talking Tax'; aims to update business on the local and regional tax landscapes
February 13th, 2023 - 03:21 GMT

KPMG in Kuwait conducts annual tax event 'Talking Tax'; aims to update business on the local and regional tax landscapes

 Boursa Kuwait increases its net profit by 13.3% to reach KD 18 million for 2022
February 13th, 2023 - 08:20 GMT

Boursa Kuwait increases its net profit by 13.3% to reach KD 18 million for 2022

Bank ABC announces 2022 results Net profit of $154 million attributable to the shareholders of the parent, a 54% surge over last year
February 13th, 2023 - 07:08 GMT

Bank ABC announces 2022 results Net profit of $154 million attributable to the shareholders of the parent, a 54% surge over last year

Al Salam Bank’s Mobile App Brings a New Era of Payday with Salary Advance Launch
February 13th, 2023 - 06:39 GMT

Al Salam Bank’s Mobile App Brings a New Era of Payday with Salary Advance Launch

Bank ABC Islamic announces 2022 year-end net profit of $38.8 million
February 12th, 2023 - 08:04 GMT

Bank ABC Islamic announces 2022 year-end net profit of $38.8 million

Burgan Bank Concludes Another Successful Sponsorship of the Kuwait Crown Prince Cup Final Match
February 12th, 2023 - 07:44 GMT

Burgan Bank Concludes Another Successful Sponsorship of the Kuwait Crown Prince Cup Final Match

Waha Capital reports 2022 net profit of AED 449 million following strong fourth quarter performance
February 10th, 2023 - 07:03 GMT

Waha Capital reports 2022 net profit of AED 449 million following strong fourth quarter performance

Ajman Bank Reports Net Profit of AED 162.1 Million  in 2022 compared to AED 116.2 in 2021 (up by 40% YoY)
February 9th, 2023 - 07:58 GMT

Ajman Bank Reports Net Profit of AED 162.1 Million in 2022 compared to AED 116.2 in 2021 (up by 40% YoY)

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