Rakbank report 14.18% gain in net income
For the half year ended 30th June 2013, the Rakbank has announced an AED760.1m net profit, reflecting a 13.7% increase…
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Rules on international tax evasion could be in place in 2014: OECD
New global rules to help clamp down on corporate tax evasion and avoidance could be in place as early as…
VP’s Islamic Banking Plan Praised
UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed Bin Rahsid Al Maktoum received President of…
Abu Dhabi sell £2.2bn stake in Barclays
The oil-rich Gulf state sold a 6.3pc stake in Barclays last month, according to a regulatory disclosure that confirmed that…
Tamweel profits increase by 40%
Tamweel's profits rose sharply in the second quarter but its mortgage book contracted to a five-year low ahead of an…
TFI’s Shariah JV fund acquires properties in UK
Barwa Bank’s investment banking division, The First Investor and Investra Investments have announced the “first two property acquisitions” of…
Profits of Lebanon’s Alpha Group banks up 15.5%
Profits at Lebanon’s 13 Alpha Group banks, whose deposits are in excess of $2 billion, surged 15.5 percent year-on-year…
Leading Finance Lawyer Joins Chadbourne’s Istanbul Team
Chadbourne & Parke have announced that leading finance lawyer Çağdaş Selvi has joined the firm’s Istanbul Team as a Partner.Çağdaş…
Commercial Bank of Qatar Commercial Bank completes acquisition
Commercial Bank of Qatar have announced the completion of its acquisition of a 70.84% shareholding in Alternatifbank A.S. in Turkey…
BNY Mellon hires Market Manager for EMEA
BNY Mellon has appointed Anil Dala to the role of Market Manager within its Treasury Services business in Europe, the…
Al Khaliji named ‘Best Premium Bank
Al Khalij Commercial Bank (al khaliji) has been named “Best Premium Bank” in the Middle East by the Banker Middle…
National Bank of Oman posts flat Q2 net profit
National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a near-flat second quarter net profit, Reuters…