'We're not related': Bank Audi denies ties to Daesh
A leading Lebanese bank vehemently denied Thursday an allegation by a local newspaper that its Turkish subsidiary is financing ISIS.…
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Arab Banking Corporation eyes EGP250m net profit at 2017-end
Egypt's Arab Banking Corporation is targeting 250 million Egyptian pounds (US$32.7 million) as net profits by end of 2017. …
HSBC Enhances Card Security for Online Transactions
HSBC Bank Middle East Limited successfully implemented 3D Secure Service for MasterCard and Visa cards, enhancing security for customers in…
Gulf banks join regulatory capital party
Middle Eastern banks are taking advantage of cheap borrowing costs to optimise their capital structure even though countries in the…
Moody's affirms Saudi Arabia's Aa3 rating on strong fiscal buffers
Moody's long-term and short-term country ceilings for bonds and for bank deposits for Saudi Arabia are unaffected by this rating…
Saudi retail sector remains strong despite oil volatility
NCB Capital , a major wealth manager in the region and the largest asset manager in the Kingdom, has issued…
Central Bank of Bahrain launches new liquidity tool
As part of ongoing efforts towards the development of Islamic banking and promoting liquidity management for Islamic retail banks, the…
Salameh: CMA to license online stock trading
The Capital Market Authority will issue licenses for the launch of online stock and currency trading, Central Bank Governor Riad…
Five CEOs from Bahrain named in top 100 list
Five chief executives of Bahrain's marquee companies, including three banks, have been recognised among Top 100 CEOs ranked by TRENDS…
Israel applies to become founding member of China development bank
The Israeli government has submitted its application to become a founding member of a controversial Chinese-led development bank, in a…
Former Consul General of Egypt Joins Cedrus Investments
Former Consul General of Egypt in Hong Kong SAR and Macao SAR, Mr. Mohamed Fahmy, is joining Cedrus Investments as…
RBS sells $817m of UAE company loans to Dubai bank
Royal Bank of Scotland has sold around AED3 billion ($816.8 million) of loans belonging to companies in the United Arab…