Standard Chartered announces Chief Executive Officer in UAE
Standard Chartered has announced the appointment of Julian Wynter as the new Chief Executive Officer for its business in the…
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Egypt's Banque Misr to complete $250 mln 3-yr loan in Dec -chairman
Banque Misr expects to complete procedures next month to obtain a $250 million loan of three years duration, using it…
, Temasek sale of Abu Dhabi finance firm said to stall
Mubadala Development Co and Singapore's Temasek Holdings's sale of Dunia Finance LLC has stalled after bids for the Abu Dhabi…
ADIB Q3 net profit increases by 5.5 per cent
Total assets increased by 7.3 percent year on year to AED 116.9 billion. Customer deposits increased 7.8 percent to AED…
China must avoid repeating US mistakes in the Middle East
Reports of Chinese naval activity near the Syrian coast in September triggered speculation that Beijing might be preparing to step…
SWIFT announces two senior executive appointments for the Middle East, Turkey and Africa Region
SWIFT, the financial messaging provider for more than 10,800 banks, securities institutions and corporate customers in 200 countries and territories,…
Kazakh President Ousts Central Bank Head After Tenge Tumble
Kazakhstan’s President Nursultan Nazarbayev replaced central bank governor Kairat Kelimbetov after he devalued the currency twice in his two-year tenure.…
Islamic banking set to grow despite economic uncertainty
Islamic banking is poised to grow despite economic uncertainty. The GCC Islamic banking profit pool crossed $12bn for the…
UAE, Qatar among top valuable nation brands
The UAE and Qatar both feature in the top 10 list for nation brand strength, placing third and ninth respectively,…
ADIB profits from increase in customer numbers
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, yesterday reported a 5.5 per cent rise in third-quarter…
National Bank of Abu Dhabi to Buy $900 Million RBS Indian Loans
National Bank of Abu Dhabi PJSC, the United Arab Emirates’ largest bank, signed an agreement with Royal Bank of Scotland…
Gulf’s sovereign wealth funds provide the cushion
Evidence shows that the sovereign wealth funds at the disposal of the Gulf states remain as solid as ever. …