12/01/2013
Bahrain's Ibdar Bank eyes larger deals after three-way merger
The Islamic lender now has $300 million of paid up capital, $329 million in equity and assets of $360 million, which it hopes can help it win deals in its focus areas of capital markets, private equity and real estate.
12/01/2013
HSBC Bank Oman has bagged Euromoney’s ‘Best Domestic Cash Management Bank’ in Oman award for the second year running.
11/30/2013
Arab Bank Wins Major Recognition
Arab Bank was awarded the title of "Regional Bank of the Year" for 2013 from Arabian Business during a ceremony held at the JW Marriott Marquis in Dubai.
11/30/2013
The award, which was conferred in recognition of the Bank’s outstanding achievements over the past year, was presented to CB Ganesh, Dy CEO and Murtadha al Lawati
11/26/2013
Standard Chartered first British bank to open Iraq branch
Branch in Baghdad will allow Standard Chartered to offer full client banking in Iraq
11/25/2013
Bank Muscat has been closely associated with the progressive march of the nation.
11/20/2013
Emirates NBD Enhances Presence in Asia Pacific with Inauguration of Representative Office in Jakarta
New Representative office to help Emirates NBD tap potential opportunities in syndications and corporate financing in Indonesia
11/19/2013
This award is an indication that investors appreciate the significant progress NBAD has made from an investor relations perspective.
11/16/2013
Barwa Bank has earned a net income of QR442mn for the nine-month period up to September, up 60% on QR279mn in the same period last year.
11/16/2013
Net loss attributable to the shareholders of the parent for the quarter stood at US$ 7.4 million compared to a loss of $ 11.5 million in 3Q12
11/15/2013
BMI shareholders approve Salam bank merger
Bahraini retail and commercial lender BMI Bank said it has won approval from the shareholders for its merger with the kingdom's leading Al Salam Bank Bahrain (
11/14/2013
Operating income surged to KD 187.3 million registering 35% growth
11/14/2013
Lebanon’s banking sector still enjoys a level of economic growth despite difficulties spurred by regional crises
11/11/2013
ADIB posted remarkable net profit of EGP 34.9 million for Q3 and EGP 68.8million for first nine months of 2013
11/11/2013
Sources familiar with the matter were quoted by media reports as saying that the bidding process for the sale of the lender's retail banking business is likely to start by the end of 2013.
11/05/2013
Result hit by higher impairment charges and a drop in investment income
11/05/2013
This, the bank said in a statement, is in line with FGB’s expansion strategy of developing existing businesses and offering more value to an expanding UAE customer base.
11/04/2013
Through its local office in Istanbul, Wells Fargo provides trade, payments, deposits, credit, and other financial solutions to financial institution customers across the region.
11/03/2013
The representative office was declared open by Miss Au King-chi, Permanent Secretary for Financial Services and the Treasury (Financial Services), Hong Kong.
11/03/2013
The rules were suspended after some banks said they could not meet a September 30 deadline to comply with the new caps.