Old Mutual Asset Management appoints Middle East sales head
Old Mutual Asset Management, the U.S.-based global asset management business of Old Mutual has announced that Richard Souri has been…
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Abu Dhabi investor seeks to exit Mongolia bank after governance row
A foreign investor has moved to sever ties with Mongolia's largest private lender, Golomt Bank, because of its concerns over…
Iraq to welcome two foreign banks
Iraq’s central bank will be approving licences for two foreign banks to operate in the country. The bank has…
Bank Nizwa Posts RO12.3MN Net Loss
Bank Nizwa, Oman's first Islamic bank, has reported a net loss of RO12.3mn for the period ended December 31, 2013,…
Middle Eastern Investor to acquire UK commercial real estate
Orchard Street Investment Management LLP (“Orchard Street”) announces the launch of a new £250m investment programme in partnership with a…
Dubai's Emirates NBD 4Q Net Profit Rises, But Misses Estimates
Emirates NBD, Dubai's biggest bank, on Monday reported an 8% year-on-year rise in fourth-quarter net profit amid a resurgence in…
UAE Bank Hires Ethica for Islamic Finance Training
Ethica Institute of Islamic Finance announced today that an undisclosed UAE bank hired the institute to train teams ahead of…
Noor Takaful CEO steps down
Noor Takaful , the Islamic insurance arm of Noor Investment Group , today announced Parvaiz Siddiq, founder member of Noor…
ABC named best trade finance bank
New York-based Global Finance magazine has named the Arab Banking Corporation as the "Best trade finance bank in Bahrain". …
26,000 millionaires living in Dubai, says study
Dubai hosts a total of about 26,000 millionaires but that is not enough to propel the emirate into the top…
Dubai lender Mashreq's Q4 net profit jumps 48%
Mashreq, Dubai's third-biggest lender by assets, on Monday posted a 48 percent rise in fourth-quarter net profit, Reuters calculations showed.…
Taylor Wessing acts for AJIB in connection with HSBC acquisition
The transaction is expected to complete during the first half of 2014. It is one of the biggest banking deals…