Finance House net profit drops 28% in Q1
Finance House has registered a consolidated net profit of Dh25.53 million for the first quarter of 2015, showing a drop…
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Saudi central bank says would welcome insurance mergers
Saudi Arabia's central bank would welcome mergers among local insurance companies as long as they were positive for all parties,…
RBS returns Qatar banking licence, country head leaves
Royal Bank of Scotland (RBS) has closed its branch in Qatar with its country head departing, RBS said yesterday, the…
Egypt’s crackdown on dollar black market cripples importers
Egypt’s central bank has recently begun a crackdown on the currency black market, yet financial experts believed that such a…
The largest free market economy in the Middle East marches on
Saudi Arabia, literally the beacon of Islam and alongside 25% of the world's oil reserves, has long been viewed as…
Bahrain central bank puts Iran-linked bank, insurer into administration
Bahrain's central bank said on Thursday it had placed two Iran-linked companies, Future Bank and Iran Insurance Co, into administration…
Low-Yield Savings Accounts Boost UAE Banks
For banks in the United Arab Emirates, it’s a good thing so many customers have little choice but to park…
RBS returns Qatar banking licence, country head departs
Royal Bank of Scotland has closed its branch in Qatar with its country head departing, RBS told Reuters on Thursday,…
Norton Rose Fulbright advises on $235 million loan to Hassan Mohamed Jawad & Sons
Global legal practice Norton Rose Fulbright has advised the mandated lead arrangers in relation to a multicurrency US$215,000,000 term facility…
Arab Banking Corp Q1 profit hits $52m
Bahrain-based Arab Banking Corporation (ABC) announced today (April 30) that its consolidated Group net profit for the first quarter (Q1)…
Qatar Wealth Fund to Open New York Office Amid Hunt for Deals
Qatar Investment Authority, the Gulf state’s sovereign wealth fund, is setting up an office in New York as it scouts…
DIFC seeks to boost trade ties at ‘Dubai Week in China’
Dubai Week in China will run from 8 to 15 May, at ‘The Orange’ in Sanlitun Village, a business district…