Mashreq establishes Corporate Alliance with anti-fraud organisation
H.E. Abdul-Aziz Al-Ghurair, CEO of Mashreq, commented, “We are proud to be the first Bank in the Middle East to…
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SICO's net profit increases by 10% to bd 6.85 million.
Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its…
Service tax ‘to have no impact’ on remittances
The recently introduced service tax on remittance fee is unlikely to have an impact on foreign exchange inflow from non-resident…
Barclays sued by Saudi developer for $10 billion
A Saudi real estate company has sued Barclays for $10 billion, claiming the bank ceased pursuing lease payments due from…
Goldman leads $1.15bn project loans for Dubai theme parks
Goldman Sachs is expected to sign a $1.15 billion project financing loan for Dubai Park and Resorts this week, which…
Turning the tap on: Water as a business model
Too many people in the world don’t have access to safe drinking water in their homes. This month’s meeting of…
UBS Hires Credit Suisse’s Bouvier as Head of Industrials
UBS AG hired Laurent Bouvier from Swiss competitor Credit Suisse Group AG (CSGN) to head its global industrials group. …
Bankers in Middle East Confident Bonuses Will Beat Peers
Finance professionals in the Middle East are more confident of receiving a bigger bonus this year than their colleagues around…
SocGen Denies Bribing Qaddafi Friend in Libya Fund Case
Societe Generale SA (GLE) denied paying bribes to Libya’s sovereign wealth fund, saying $58 million in payments to a family…
Bank Nizwa CEO named 'islamic finance personality of the year
Bank Nizwa CEO, Dr. Jamil El Jaroudi, was named 'Islamic Finance Personality of the Year' at the 4th annual Global…
Gulf Bank Wins 'Bank of the Year' Award
Gulf Bank has announced that it has won the 'Bank of the Year' award from Arabian Business, one of the…
Emirates NBD Asset Management strengthens partnership with Jupiter
Emirates NBD Asset Management Limited , the asset management arm of Emirates NBD , today announced the expansion of its…