Mideast banking fees grow by 20 pct in 2013
Investment banking fees in the Middle East grew 20 percent last year, data compiled by Thomson Reuters showed, as capital…
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Saudi, UAE move to combat counterfeits
Directors general of customs departments in Saudi Arabia and the UAE discussed ways to enhance cooperation and reach a joint…
Bahrain bank acquires $250m US property
International Investment Bank, a Bahrain-based Islamic investment bank, has acquired a $250 million, 2,400 unit multi-family residential portfolio with Atlas…
Gulf investors play key role in global markets – study
Middle East investors were among the most active in the global commercial real estate market during 2013, Jones Lang LaSalle…
Luxury car maker delivers 46% MENA sales growth
Luxury car maker Jaguar Land Rover said it has delivered a 46 percent growth in sales across the MENA region…
SAR1bn injected into 12 insurance firms' reserves
Twelve listed insurance companies have allocated SR1 billion to boost their technical reserves. The funds account for 20 percent…
Net wealth of Lebanese billionaires at $14bn
The Wealth-X and UBS Billionaire Census shows that the net wealth of billionaires in Lebanon reached $14bn as of June…
SocGen Resurgent in Gulf as Bank Seeks Growth After Debt Crisis
Societe Generale SA, France’s second-largest bank, is seeking to boost lending in the Middle East as part of renewed expansion…
Flug nominates Canadian-born economist as Bank of Israel deputy governor
Appointment, subject to cabinet approval, would for first time put women in top two posts of Israel's central bank. …
Meethaq wins special award for Islamic banking for 2013
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, won a special award for Outstanding Achievements in Islamic…
Abdul Rahim named new Ithmaar CEO
Ithmaar Bank, a leading Bahrain-based Islamic retail lender, has appointed Ahmed Abdul Rahim as the new chief executive officer. …
NBO revamps small business unit to motivate SME sector
National Bank of Oman yesterday announced that it will revamp its small business unit in a bid to extend support…