HSBC Hired on Saudi Debt Deals as Bank Sees More IPOs
HSBC Holdings Plc, the Persian Gulf’s top bond underwriter, said it’s been hired on several debt and equity capital market…
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Emirates NBD Misses Estimates as Bad Loan Provisions Climb
Emirates NBD PJSC, Dubai’s biggest bank, reported a 21 percent increase in third-quarter profit, missing analyst estimates, as provisions for…
Average wealth in Oman climbs 2pc
The Credit Suisse Research Institute yesterday released its fourth annual Global Wealth Report 2013 which finds that from mid-2012 to…
Dubai's ENBD plans Islamic SME products in Q4
Emirates NBD, Dubai's largest lender, plans to launch new Islamic lending products by the end of this year for corporate…
Qatar tops average wealth per adult in Mena
Qatar recorded the highest average wealth per adult of $153,294 in mid-2013 in the Mena region, growing two per cent…
Bahrain cbank to issue Basel draft rules
The Central Bank of Bahrain will be issuing the first draft of rules on Basel III standards by early next…
National Bank of Fujairah PSC's 2013 nine months net profit surges by 31.3%
Highlights: NBF recorded a net profit of AED 286.4 million compared to AED 218.1 million in the corresponding period…
Emirates NBD 9-month net profit up 34%
Emirates NBD, the leading bank in the region, today announced its results for the 9 months ended 30 September 2013.…
Increased lending and fewer bad debts help UAE banks post profit rises
Three major UAE banks kicked off the earnings season yesterday with reports of sharp profit increases. Earnings from lending…
NBK reports a net profit of USD 702 million in the nine months of 2013
Dabdoub: NBK 's solid results are mostly driven by the strong performance of core banking operations. The progress seen…
Oman Shuns Hedge Funds as Sovereign Investor Targets Equities
Oman, the largest oil producer in the Arabian Peninsula that’s not a member of OPEC, said it’s shunning hedge funds…
International Islamic announces results for Q3
· Total Assets QR 33.1 billion indicating a growth of 34.8% · Financing Assets QR 18.2 billion indicating a growth…