Lebanon lifts banking secrecy 17 times in 2013
The Lebanese financial authorities lifted banking secrecy rules on 17 bank accounts suspected of involvement in money laundering, embezzlement and…
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Dubai's Damac picks banks for potential sukuk issue
Dubai developer Damac Real Estate will meet investors in Singapore, the United Arab Emirates and London from March 28 for…
UAE businessman's average use of private jets 100-150 hours per year
These estimates come from Private Jet Charter, one of the world's largest independent private jet charter consultants. The company…
Former Standard Charted exec named new HSBC wealth management head for MENA
HSBC has appointed Khalid Elgibaly, formerly the chief executive of Standard Chartered in Pakistan, as head of retail banking and…
Misys BankFusion named Core Banking Market Leader in Middle East
Misys BankFusion has been ranked the Core Banking Market Leader in Eastern Europe, Middle East, and Africa (EEMEA) and awarded…
ACE Software Solutions names MEA head
ACE Software Solutions has announced the appointment of Karl McGowan to lead ACE’s expansion in the Middle East and Africa.…
RBS reprimanded by Qatar regulatory authority
The Royal Bank of Scotland has been reprimanded by one of the main financial regulators in Qatar for failing to…
Clifford Chance names banking partner as new Middle East head
Clifford chance has named banking and finance partner Robin Abraham as new Middle East managing partner to replace current head…
Asset growth boosts Al Hilal Bank’s 2013 profits
Abu Dhabi-based Al Hilal Bank net profit for 2013 rose 42 per cent to Dh441.4 million compared to the Dh310.3…
Next Wave Partners refinance Petainer Group with QInvest
Next Wave Partners announces the $45 million refinancing of Petainer Group ("Petainer") with QInvest, Qatar's leading investment bank, in what…
Meethaq, KFH-Bahrain sign MoU to promote Islamic banking
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, and Kuwait Finance House — Bahrain, signed a memorandum…
Aviva divests Turkish general insurance business to PE consortium
UK-based global life and general insurer Aviva has disposed of its Turkish general insurance business, Aviva Sigorta, to a private…