12/17/2012
Emirates NBD ENBD.DU, Dubai's largest bank, has emerged as the frontrunner to buy BNP Paribas' (BNPP.PA) Egyptian retail business, three sources familiar with the matter said, in a deal likely to raise $400-500 million for the French lender.
12/16/2012
This marks the third consecutive year that Al Hilal Bank has been recognized by the Islamic Business & Finance Awards for excellence in regional retail banking.
12/16/2012
The opening was marked with a gala event held at the Emirates Palace Hotel in Abu Dhabi.
12/10/2012
Apart from Dubai, the bank also plans to set up a subsidiary in London and one branch each in Sydney and in Antwerp in the next year.
12/09/2012
Burgan Bank will get access to the booming Turkish banking market
12/09/2012
The international agency has cut ratings for three lenders in the emirate, and put a fourth on review.
12/05/2012
Citigroup said earlier it was cutting 11,000 jobs worldwide
12/04/2012
Bank Hapoalim has received a preliminary permit from the US Supervision Authority for State Banks to acquire Discount Bank of New York.
12/04/2012
Al Wajaha customers will have access to dedicated relationship managers and the luxurious Majlis Al Wajaha, a comfortable and private in-branch service area exclusively dedicated to them.
11/29/2012
The decision to sell the five branches pre-dated HSBC's recent merger with OIB
11/29/2012
Fimbank first announced it had been given a presentation by Burgan Bank of its plans in March
11/28/2012
The contrast means the Gulf banks are likely to be able to raise money cheaply and relatively easily, helping them compete as they move into markets overseas and challenge some of the big international institutions.
11/27/2012
The award reflects the bank’s performance and financial delivery in 2012.
11/22/2012
“We expect UAE banks’ provisioning for bad loans to hold ground in 2013, which, in turn, is likely to keep pressure on their profitability.
11/14/2012
Is Bank's Net Profit More Than Doubles
Turkey's Is Bank's third-quarter net profit more than doubled
11/13/2012
HSBC receives Central Bank approval for onshore assets of Lloyds TSB Middle East acquisition
HSBC opened the doors of its new Jumeirah branch on Al Wasl Road to Lloyds and HSBC customers this week
11/12/2012
However, trade in the region is continuing to grow; 94 percent of Saudi firms expect their trade volumes to expand or stay steady in the next six months.
11/11/2012
“The results demonstrate the group’s ability to deliver sustainable core earnings through its diversified product offerings across our geographies in spite of a continuing fragile economic climate in certain of our markets."
11/11/2012
The Gulf Co-operation Council states, which have accumulated huge surpluses over the past decades due to high energy prices, have been attracting the world’s largest lenders, promising hefty returns to make up for mounting losses at home.
11/08/2012
HSBC will this month become the second international bank after Standard Chartered Bank