Ministry of Finance rates Egyptian banks
The Ministry of Finance announced in an official statement the names of the top five banks that trade treasury bills…
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BMI Bank posts USD 2.34 million net profit for the first nine months of 2013
Bahraini retail and commercial banking institution, BMI Bank today reported a net profit of USD 2.34 million (BD 0.88 million)…
HSBC Bank Oman Q3 2013 net profit increases by 20.6%
HSBC Bank Oman S.A.O.G. announced a 20.6% growth in net profit to reach RO12.7m. Net interest income stood at RO36.0m…
Taylor Wessing mulls triple Middle East opening to bolster presence in region
Firm names Saudi Arabia, Kuwait and Qatar as potential locations for local tie-ups Taylor Wessing is planning to dramatically increase…
Kuwait's Gulf Bank posts 2.4% rise in Q3 net profit
Kuwait's Gulf Bank posted a 2.4 percent rise in net profit in the third quarter, Reuters calculations showed on Thursday.…
UAE’s Retail Banking Business Set Enter a Boom Period
Retail banking business in the UAE is entering a boom phase as the economy is doing well and consumption is…
National Bank of Oman Chooses Paragon Application Systems
National Bank of Oman (NBO), one of the largest banks in the Sultanate of Oman, and Paragon Application Systems, a…
Dubai Investments PJSC reports 98% increase in Q3 profit
Dubai Investments PJSC], the largest investment company listed on the Dubai Financial Market has announced net profit of AED 161…
EFG Hermes Asset Management Tops League Tables
EFG Hermes Asset Management's Egypt equity funds have topped league tables for two consecutive years. The consistent performance of both…
Union National Bank 9-month profit down 1.8 pct
Operating profit for nine month period ended 30 September 2013 increased by 1.5% over prior period to reach AED 1,836…
Citi appoints Asian unit's Wadhwani to head EMEA consumer banking
Citigroup has appointed Anil Wadhwani, a veteran executive from its Asian business, to lead its consumer and commercial banking business…
Mashreq posts 34% increase in Net Profit
Mashreq, one of the UAE's leading financial institutions, has reported a 34% increase in its Net Profit for the first…