QIB posts $363m profit for ‘09
Qatar Islamic Bank announced a QR1.32 billion ($362.5 million) net profit for the 2009 fiscal year, the profit stemming mainly from operating revenues and represents a 23 per cent growth rate from 2008.
Total equity increased to QR9 billion as
DED and DIB sign agreement to ease electronic payment procedures
In line with its keenness to fulfil the needs of customers and investors and enhance economic development in the Emirate, the Dubai Department of Economic Development (DED) and Dubai Islamic Bank (DIB) have signed a co-operation agreement to facilitate el
Salam International disclosed a net profit of QR 128.9 million in 2009
Salam International Company disclosed the financial statements for the year ended December 31, 2009. The financial statements revealed a net profit of QR 128.9 million in 2009 in comparison to QR 153.9 million in 2008.
The company’s Earnings
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QNB approves cash dividend, bonus shares
Qatar National Bank (QNB) announced that its Ordinary General Assembly has approved a cash dividend of 40 per cent of the nominal share value (QR4.0 for each share).
In addition, the board’s recommendation to issue bonus shares comprising 30 pe
Mashreq announces support of 5th Annual ME Retail Banking Forum
Mashreq announces support of 5th Annual Middle East Retail Banking Forum, organized by Fleming Gulf. Mashreq announced to be the Conference Sponsor for the 5th Annual Middle East Retail Banking Forum, which will be held in Dubai on 12th – 14th April 2010,
Tags: 5th, announces, annual, Banking, Forum, Mashreq, ME, of, retail, support
Dar Al-Arkan to issue $500-750m sukuk
Saudi Arabia’s Dar Al-Arkan Real Estate will likely issue a five-year fixed rate Islamic bond worth between $500-750 million by the end of the week, two bankers with knowledge of the deal said on Monday.
The Islamic bond, or sukuk, could be
Qatar Islamic hires 2 banks for sukuk issue
Qatar Islamic Bank SAQ, complying with Islamic banking rules, hired HSBC Holdings plc and Credit Suisse Group AG to sell Islamic bonds, two bankers familiar with the transaction said.
The Islamic bond, or sukuk, offer is in its early stages, s
Wall St gains drive Sensex to snap 2-day losing streak
Stocks snapped a two-day falling streak to close higher on Saturday buoyed by overnight gains on Wall Street, but investors remained cautious about European debt and the global recovery. The benchmark BSE Sensex ended up 0.79 per cent, or 124.72 point
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Hong Kong Shares May Find Traction
The Hong Kong stock market has closed lower now in two straight sessions, plummeting more than 1,100 points or 5.7 percent along the way. The Hang Seng Index fell below support at the 19,700-point plateau, but now investors are hopeful that the market can
Singapore share prices up early Monday
The key Straits Times Index (STI) rose 13.96 points to 2,697.52 within minutes of trading on Monday.
The STI fell 61.42 points on Friday. The fall was “the biggest pullback since the market started recovery from March 2009,” said AmFraser Secu
Financial Reports
- QIB posts $363m profit for ‘09
- DED and DIB sign agreement to ease electronic payment procedures
- Salam International disclosed a net profit of QR 128.9 million in 2009
- QNB approves cash dividend, bonus shares
- Mashreq announces support of 5th Annual ME Retail Banking Forum
- Dar Al-Arkan to issue $500-750m sukuk
- Qatar Islamic hires 2 banks for sukuk issue
- Wall St gains drive Sensex to snap 2-day losing streak
- Hong Kong Shares May Find Traction
- Singapore share prices up early Monday