Bahrain Islamic Bank H1 net profit up 67%
Bahrain Islamic Bank posted a net profit of BHD7.8m in the first half after deducting BHD3.7m in net provisions.
Batelco Group announces half year 2014 profit of BD24.9m
For the first six months of the year, the Batelco Group reported net profit of BD24.9M (US$66.0M) versus BD25.3M (USD67.1M) for the corresponding period in 2013, a slight decrease of 1% year over year and a 28% decrease since last quarter.
UAE central bank says StanChart liable to legal action
Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.