Omani investor takes 25 pct in Bulgaria Investbank
Turkey’s Finansbank posted 429 million Turkish Liras in net profits for the first half of 2012. The bank’s total loans…
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Al Watany profit up 20pc at $26.59m
Al Watany Bank of Egypt (AWB) has reported a net profit of EP161.4 million ($26.59 million) for the first half…
EFG-Hermes Q2 net profit down 66pc
Egyptian investment bank EFG Hermes said on Wednesday its second quarter net profit fell 66 percent to 27 million Egyptian…
Emirates Money, Aman launch Takaful product
Emirates Money, the consumer finance arm of the Emirates NBD Group, and Dubai Islamic Insurance and Reinsurance (Aman) have launched…
ABC Islamic Bank H1 net profits at $4m
Bahrain-based ABC Islamic Bank has revealed its net profit for the first half of the year at $4 million compared…
Sarasin-Alpen & Partners appoints new Senior Executive Officer
Sudarshan Malpani has been appointed as the Senior Executive Officer for Sarasin-Alpen & Partners. Sarasin-Alpen & Partners launched…
Merrill sees no big move in Bahrain office
The management of Merrill Lynch in Bahrain, after the global wealth management firm gets acquired by top Swiss bank Julius…
BNP to seek initial bids for Egyptian retail arm sale: sources
"BNP has a relatively small market share in Egypt but with good potential for growth. They are still examining…
Dubai Holding enhances board structure at Jumeirah Group
Dubai Holding has announced an enhanced board of directors at Jumeirah Group (Jumeirah), its global luxury hospitality arm, aimed at…
Kuwait's NIG to repay $475 mln sukuk on time, drops delay request
Kuwait's National Industries Group Holding will repay its $475 million Islamic bond, or sukuk, when it matures on August 16,…
Bank Audi issues positive midyear report despite Lebanon’s fiscal woes
Bank Audi said that despite the economic slowdown in Lebanon this year the country was still able to avoid a…
Standard Chartered's $340m fine is not the last dish on the menu
Standard Chartered's $340m settlement with New York regulator Benjamin Lawsky after accusations that it violated US Iran sanctions with more…