World Bank, IDB sign Islamic finance agreement
The World Bank and the Jeddah-based Islamic Development Bank ISDBA.UL (IDB) have signed a three-year agreement to share expertise in…
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Swiss private banking ME Co-CEO quits
Bassam Yammine, a managing director and co-chief executive of the Middle East at Credit Suisse, is resigning from his post…
Burgan Bank plans 200 mln dinar bond-paper
Kuwait's Burgan Bank plans to issue a bond worth up to 200 million dinars ($711 million), a local newspaper…
Abu Dhabi named one of world's 'Cities of Opportunity'
Abu Dhabi has been ranked among the world’s 'Cities of Opportunity' based on a range of key factors including…
Wealthy Arabs buy right to live in Britain
The number of Arab millionaires investing in Britain in exchange for permanent residency has increased in the wake of the…
Qatar sovereign fund poaches from White & Case
Tom LaMacchia left his role as a partner at US law firm White & Case in Japan earlier this…
Islamic Bank takeover on verge of collapse as fresh suitor emerges
THE proposed takeover of the Birmingham-based Islamic Bank of Britain by its major shareholder, Qatar International Islamic Bank, is on…
Vikram Pandit Steps Down as CEO of Citigroup
The Board of Directors of Citigroup today announced that Vikram Pandit has stepped down as the Company's Chief Executive Officer…
ahlibank profit up 27 per cent
ahlibank, one of the fastest growing banks in the Sultanate, announced its unaudited results for the nine months period…
Banks Temper Job Cutting After Surge in 2011 Reductions: Table
The world’s largest banks are slowing the rate of large-scale job cuts after eliminations surged 14 months ago, when Europe’s…
NCB’s net income climbs 12.7% in 9 months of 2012
National Commercial Bank (NCB) posted a 12.7 percent increase in net income for the first nine months of 2012 at…
A Turkey-Pakistan alliance for Islamic banking
Turkey is on track to becoming the next hub for Islamic banking and finance. Given the Ottoman legacy, the last…