Citadel Capital Appoints Distinguished Banker
Citadel Capital has engaged the distinguished banker Amr El-Garhy as Managing Director and Head of Corporate Finance and Investment Review…
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EFG Hermes will cut costs further after posting second-quarter loss
With 2Q13 earnings, EFG Hermes reports an increase in group revenues on strong performances by most fee-earning lines of business…
RAKBANK Announces New CEO
RAKBANK, the National Bank of Ras Al Khaimah , today announced the appointment of Peter England as the Bank's new…
Assets of top 10 GCC banks rise 16% to $743bn
The top ten GCC banks are among the fastest growing globally, led by QNB Group. They are likely to…
UAE banks facing pressure on margin, Standard Chartered CEO says
As UAE leaves behind the recovery phase and steadies itself to a new phase of economic growth, banks, while seeing…
HSBC suspends wealth management in three MENA countries
HSBC Holdings will stop offering wealth management products in Bahrain, Jordan and Lebanon as the British lender continues to exit…
UAE Exchange Wins Awards
UAE Exchange Bahrain has been named the best money exchanger in Bahrain 2013 by Global Banking and Finance Review,…
Jordan bank adopts Microsoft technology
As per its strategy, Jordan Dubai Islamic Bank (JDIB) has implemented Microsoft's Virtual Desktop Infrastructure (VDI), making it the first…
IILM issues ground-breaking sukuk
The International Islamic Liquidity Management Corporation has concluded the auction of its inaugural short-term sukuk amounting to US$490 million, taking…
Israeli Banks Boost Second-Quarter Profit as Provisions Fall
Israel’s two largest lenders, Bank Hapoalim Ltd. and Bank Leumi Le-Israel Ltd., posted higher second-quarter profit as provisions for bad…
CMB signs MoUs with Securities Regulators of 13 EU Member States and 3 EEA Countries
The Capital Markets Board of Turkey has signed Memoranda of Understanding (MoUs) with securities regulators of 13 EU member states…
Kurdistan International Bank for Investment & Development goes live on iMAL
Path Solution have announced that Kurdistan International Bank for Investment & Development (KIB), the leading bank in the Kurdistan region…