Sheikh Salem Abdul Aziz Al-Sabah, governor of the Central Bank of Kuwait, chairman of the board of directors of the Kuwait Institute of Banking Studies (IBS), noted that the Kuwait IBS will work with Harvard Business School for the third year in a row …
Bank of London and the Middle East plc whose main shareholders are Boubyan Bank, National Bank of Kuwait, the Securities House and the Public Institution for Social Security, announced today the launch of its Premier Deposit Account (PDA) in Pound Ster…
In order to strengthen its relations with the Middle East and India, Jersey Finance wants to open a new overseas office.
The plan is to succeed this in the first quarter of 2011.
The organisation has two other overseas offices, in London and Hong Kong….
National Bank of Kuwait (NBK) announced the launch of the “Thahabi Ijara Fund VI”, an Islamic Sharia-compliant investment fund in US Dollars, designed specifically to meet the needs of its Thahabi customers for low risk investments that generate a cons…
National Bank of Kuwait (NBK), the country’s largest lender and the biggest shareholder in Islamic lender Boubyan Bank, has raised its has received the Kuwaiti central bank’s approval last month to raise its 40 percent stake in Boubyan to a maximum of 60 percent. The approval is valid for three months, starting March 22.
Boubyan bank, which complies with Islam’s ban on interest, competes with larger rival Kuwait Finance House and Kuwait International Bank.
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