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Volume dips only slightly despite there being a third fewer transactions
◆ Europe's corporate bond market braces for US tech issuance surge ◆ Canada makes move for EU regs equivalence but to what end? ◆ Middle East private placements here to stay... but will take up less room
Private placements may have hung around much longer than first expected but their dominance may be at an end
Sukuk volumes much slimmer this year
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QIB’s 2011 net profit up 22.5% to QR1.11bn at end of Q3
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Source: Islamic Development Bank
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Manama, Bahrain: Arab Banking Corporation today announced that its consolidated Group net profit for the first nine months of 2011 was US$157 million, 40% higher than last year. Net profit for the third quarter was US$41 million compared to US$68 million in the second quarter, due to net impairment provision charge of US$20 million compared to net recovery of US$8 million during the previous quarter.