Barclays begins Egypt sale process, at least 2 interested
Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East…
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ADCB profit up 10% to Dh1.12b in Q2
Rise in non-interest income driven from fees and trading income helped soar Abu Dhabi Commercial Bank's net profit in the…
Qatar's CBQ posts big drop in Q2 net profit
Commercial Bank of Qatar posted a 62.9 percent slump in its second-quarter net attributable profit on Tuesday, missing analysts' forecasts…
Bahrain Institute of Banking and Finance gets financial backing for Islamic finance e-learning platform
The Bahrain Institute of Banking and Finance said its development of an Islamic finance e-learning platform revolving around the standards…
QIIB’s total assets grow by 9.8% to QR42.3bn
QIIB, one of the leading Islamic lenders in Qatar, recorded a net profit of QR443m for the first half of…
Saudi Hollandi Bank reports flat Q2 net profit
Saudi Hollandi Bank, the kingdom's oldest lender, reported flat net profit in the second quarter as higher operating income was…
Dubai entity ties up with luxury brand to combat fraud
To raise public awareness on counterfeit goods, the Department of Economic Development in Dubai has signed a memorandum of understanding…
GCC debt market seen staying steady
GCC debt markets saw little volatility in yields in the second quarter of 2016 , even as issuance picked up…
ID Finance Appoints Former ING Direct Bank Executive David Del Pozo as Chief Financial Officer
Mr. del Pozo will be responsible for managing the company's finance, business forecasting, investments, capital structure, cost–benefit analysis etc. …
Saudi bank Samba’s Q2 net profit slips 1.4%, but meets forecasts
Samba Financial Group, Saudi Arabia’s third-largest bank by assets, reported a 1.4 per cent drop in second-quarter net profit on…
Abu Dhabi Global Market and China Securities Regulatory Commission Sign Agreement On Market And Regulatory Collaboration
Market and the China Securities Regulatory Commission entered into a Memorandum of Understanding on 14 July 2016 to facilitate cross-border…
UAB Reports Dh71m First Half 2016 Net Profit
United Arab Bank on Monday reported a net profit of Dh71 million for the first half of 2016, versus a…