Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait – cenbanker
Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank on Wednesday, the bank's governor…
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Saudi banks post SR11.2bn profit in Q1
Despite a tighter economic environment, the Saudi Arabian banks continued to record growing results in Q1, 2015. The Kingdom’s…
Top funds laugh all the way to banks
Big shareholders of listed banks have cashed in on the ongoing bull run after shares jumped to their highest in…
Mashreq card holders to get discount from Gulf Air
Mashreq Qatar, a financial institution having presence across the region, recently signed a discount deal with Gulf Air, Bahrain’s National…
Qatar SWF eyes Vietnam skyscraper
Gulf sovereign wealth fund, the Qatar Investment Authority, is reportedly vying with Goldman Sachs to acquire the Keangnam Hanoi Landmark…
Big banks lend support to Dubai’s diamond trade ambitions
Three leading UAE banks are backing Dubai’s ambition to become a global diamond trading centre. Emirates NBD, Mashreq and…
Commercial Bank of Qatar net profit falls 15.3 pct, misses forecasts
Commercial Bank of Qatar, the Gulf Arab state's second-largest lender by assets, posted a 15.3 percent drop in first-quarter profit…
Big banks lend support to Dubai’s diamond trade ambitions
Three leading UAE banks are backing Dubai’s ambition to become a global diamond trading centre. Emirates NBD, Mashreq and…
First Gulf Bank quarterly profit falls short of estimates
First quarter net profit from First Gulf Bank failed to match analyst estimates on Wednesday despite rising by 7 percent…
FGB slips off profitability top spot as earnings miss target
The Abu Dhabi-based lender FGB said its first quarter net profit increased nearly 7 per cent, missing analyst estimates and…
Iran’s Middle East Bank Receiving Weekly Visits From Europeans
The head of Iran’s only wholly privately-owned bank said European investment funds are regularly visiting his Tehran offices to express…
ABG and Six Subsidiary Banking Units Receive International Awards
The Bahrain based leading Islamic banking group Al Baraka Banking Group B.S.C. and six of its subsidiary banking units received…