Dubai Investment profit doubles
Net profit in Q1 jumps 97% to Dh211 million Dubai Investments, the largest investment company listed on the Dubai Financial…
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Union National Bank opens 7 new branches in UAE
In a major push towards business expansion, Abu Dhabi-based Union National Bank (UNB) on Wednesday announced the opening of seven…
Abu Dhabi financial zone to challenge Dubai
For a decade, Dubai has prospered as the Middle East's top financial centre, handling tens of billions of dollars of…
Turkish banks Q1 net profit up 16.3 pct to 6.95 bln lira
The Turkish banking sector's net profit jumped 16.3 percent year-on-year to 6.95 billion lira ($3.9 billion) in the first quarter,…
JPMorgan’s Saudi Chief Leaves For Central Bank Job
JPMorgan Chase Inc confirmed on Tuesday that its top banker for Saudi Arabia, Abdulaziz Al Helaissi, is leaving to take…
ADIB net profit rises in first quarter
Abu Dhabi Islamic Bank, one of the major lenders in the UAE, said yesterday its fiscal first quarter net profit…
Suitcase bankers erode Mideast fees
HSBC Holdings, the biggest bond underwriter in the Persian Gulf since 2007, and Barclays said fees in the region are…
Gulf Bank Receives Deutsche Bank Award for Commercial and Treasury Payments
Gulf Bank has announced that it has been awarded Deutsche Bank's prestigious 'EURO Straight-Through Processing (STP) Excellence Award' for 2012…
Commercial Bank of Dubai picks banks for potential dollar bond
Commercial Bank of Dubai has picked three banks to arrange investor meetings ahead of a possible benchmark-sized dollar-denominated bond, the…
Emirates Islamic Bank announces 101% increase in first quarter net profit
Emirates Islamic Bank, one of the leading Islamic financial institutions in the region, announced today a 101% increase in net…
PineBridge partners with CICC Investment Management
CICC Investment Management (USA), Inc. and PineBridge Investments LLC (PineBridge) announced the launch of the first global fund of hedge…
Amwal wins Best Asset Manager Award
In recognition of its excellent investment performance track record, EMEA Finance named Amwal the Best Asset Manager in Qatar in…