UNB reports Dh1.86b net profit, down 8% on higher impairments
Union National Bank on Monday reported a net profit of Dh1.86 billion for the year 2015, down 8 per cent…
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UAB reports Dh166m net loss in 2015
United Arab Bank reported a net loss of Dh166 million for the full year 2015 compared to a net profit…
Griffon Starts $108 Million Fund to Invest in Iranian Stocks
Griffon Capital, a Tehran-based firm set up by a group of international and Iranian investors including Xanyar Kamangar in anticipation…
After Ivory Coast sukuk, West Africa bloc signs SME fund deal
The central bank of West Africa's CFA-franc zone has signed an agreement with the private sector arm of the Islamic…
Managers burned by plunging price of oil
Global money managers are losing some of their most reliable client assets as the stubbornly low oil price continues to…
Kuwait mulls $100bn sovereign wealth fund – report
Kuwait is planning to establish a new sovereign wealth fund to manage up to $100bn in local assets, according…
Doha Bank signs MoU with Bancomext
Doha Bank has signed a memorandum of cooperation with Banco Nacional De Comercio Exterior SNC –Mexico Bancomext- Mexico on…
Turkish Islamic banks’ loan growth to remain above average: Fitch
Fitch Ratings said it expects Turkish Islamic banks’ loan growth to remain above the sector average, supported by new…
Gary Dugan appointed Chief Investment Officer of Emirates NBD
Emirates NBD has announced the appointment of Gary Dugan as Chief Investment Officer - Wealth Management. An accomplished investment…
Frozen Iranian funds freed up from Swiss banks
Switzerland has freed up money from Iran that was frozen in Swiss bank accounts. It’s come after sanctions against the…
The Banking/Finance Industry Has Experienced the Strongest Growth in 2015, According to Lebanon Respondents
According to the recent "Top Industries in the Middle East and North Africa" survey, conducted by Bayt.com, the number one…
Boubyan Bank logs KD 35.2 mln profit in 2015
Boubyan Bank profits continues to grow in 2015 achieving a growth rate of 25%. The bank's net profits amounted…