Standard Chartered to close MidEast branches
Standard Chartered is set to cull an unspecified number of branches in the Middle East, as part of plans to…
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QIB adds new security feature
To provide customers with world-class services along with the latest security features, Qatar Islamic Bank (QIB) has announced a new…
Latham & Watkins advises on the Middle East’s largest ever IPO
The 500 million shares sold in the IPO were held by the Saudi Public Investment Fund (PIF), and were divided…
GFH reports $15.6 million in net profit for 9M 2014
For the nine‐month period, net profit was $15.6 million compared to $1.0 million in the corresponding period of 2013. Total…
HSBC's Middle East banking head leaves lender
HSBC Holdings' head of banking for the Middle East and North Africa (MENA) has left the bank, a source familiar…
Bahrain's Gulf Finance House swings to Q3 profit
Bahrain's Gulf Finance House reported a profitable third quarter on Wednesday after posting a loss in the same period last…
Seychelles Central Bank takes control of beleaguered Bank of Muscat International Offshore
Scarcely three weeks after the announcement that relations between the Bank of Muscat International Offshore (BMIO) and its correspondent bank…
Islamic finance body picks up pace with new standards
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions has issued two new shariah standards, revised three others and…
Al Ruwayeh & Partners wins 'Banking and Finance Legal Team of the Year' Award
Al Ruwayeh and Partners has announce that it has recently won the prestigious 'Banking and Finance Legal Team of the…
La Liga owes much to the Middle East
The changing face of European football continues apace, taking on a distinctly Middle Eastern flavour. A recent announcement that…
Saudi Arabia to introduce credit rating agency rules in Sept 2015
Saudi Arabia's capital market regulator will introduce rules for credit rating agencies next September, part of reforms aimed at modernising…
Qatar Ruler Names Half-Brother as Deputy Emir
Qatar's Emir Sheikh Tamim bin Hamad al-Thani named on Tuesday his half-brother Sheikh Abdullah as his deputy, in a royal…