Credit Suisse poaches Jefferies real estate banker – memo
Suisse has appointed Steffen Doyle of Jefferies to co-head its real estate division in Europe, the Middle East and Africa,…
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Saudi Arabia plans sovereign wealth fund
Saudi Arabia plans to set up a sovereign wealth fund to manage part of its oil fortune and diversify its…
Bank Dhofar Q4 net profit rises 32pc
Oman's Bank Dhofar, the second-largest lender in the sultanate by assets, posted a 32 per cent rise in fourth-quarter net…
Gulf states prep tax laws ahead of 2018 rollout
Gulf Arab states are putting the finishing touches on draft laws on value-added taxes of up to 5 percent that…
Billions of dollars of the “Royal” family deposited in a Dubai Bank
Appropriate legal measures will be taken in connection with the massive amounts of US dollars deposited in a Dubai Bank…
Saudi's National Commercial Bank Q4 net profit rises 16.6 pct
Jan 13 Saudi Arabia's National Commercial Bank, the kingdom's largest bank, reported a 16.6 percent rise in fourth-quarter net profit…
NCB net record revenues reach SR 9.1 billion in 2015
The National Commercial Bank announced its record net income in 2015, which reached SR 9.09 billion compared to SR 8.66…
BBK continues its growth and expansion with inaugurating its 17th Branch
Under the patronage of HE the Governor of the Central Bank of Bahrain and in the presence of BBK's Chairman…
UAE billionaire says US could lose Gulf investment if Trump wins
Gulf Arabs could pull billions in investment money from the United States if Donald Trump wins the presidency later this…
AAOIFI Launches Project for Shari'ah Standard on GoldIn Cooperation with World Gold Council and Amanie Advisors
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has phased in a new project for the development of…
Al Ahli Bank of Kuwait wins ‘Banker Middle East’ award
Ahli Bank of Kuwait (ABK) recently announced that it has won the ‘Best Customer Loyalty Program in Kuwait’ award from…
Deposits drop, Q4 profit up at Saudi banks NCB, Fransi
Saudi Arabia's National Commercial Bank and Banque Saudi Fransi both recorded falls in deposits in the last three months of…