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  • Source: Center for Aviation Industry
  • The Mediterranean is a both a border which divides and a bridge that unites three worlds - Europe, Asia, and Africa. Its history is a story of interaction of cultures and people of the lands surrounding the Mediterranean basin. The Mediterranean Sea has over the past centuries served as a central superhighway of transport, trade and cultural exchange between diverse people.
  • Manama, Bahrain: ABC Islamic Bank today announced that its net profit for the first half of 2012 was US$4 million compared to US$5.1 million for the same period in 2011 which included a non-recurring one-off revenue item of US$1.3 million. Net profit for the second quarter was US$2.4 million compared to US$1.6 million in the first quarter of 2012 representing a 50 % quarter on quarter increase, compared to US$2.1 million for the second quarter 2011 representing a 14.3 % increase over the same period last year. Total operating income amounted to US$4 million compared to US$ 3.4 million for the first quarter of 2012. Operating expenses were US$1.4 million compared to US$1.3 million.
  • Manama, Bahrain –14th August 2012 – The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been fully subscribed by 145%.
  • NCB has been supporting Tibah consortium for Madina International Airport. Besides providing bulk of financing, NCB is the Islamic Structuring Bank in this landmark deal. This is the first Islamically structured International Airport financing in the world. Shari’ah compliant financing is primarily asset-based. However critical infrastructure such as airports are essentially owned by governments. The private entities only receive development and operating rights for a finite period. This made the Islamic structuring all the more challenging. Despite these constraints, an unprecedented structure is designed to ensure its compliance with shariah and maintaining the project’s bankability for the sponsors at the same time