Adib names new head of Wholesale Banking
Abu Dhabi Islamic Bank (Adib), a top-tier Islamic financial services institution, has appointed Arif Usmani as the global head of…
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Bank Hapoalim closing Singapore branch
Five years after launching its Singapore branch with great fanfare, Bank Hapoalim is about to close it. The bank announced…
Emirates NBD announces first half 2012 results
Emirates NBD, announced its results for the half year ended 30 June 2012. H1 2012 net profit of Dhs1.3bn, up…
QNB, Stanchart win Qatar custody licence
Leading banks Standard Chartered and Qatar National Bank said they have signed a depositary participant agreement with Qatar Exchange to…
ABC reports half–year profit of US$105 million
Arab Banking Corporation has announced Sunday that its consolidated Group net profit for the first half of 2012 was US$105…
Middle East can capitalise on Asia’s economic resurgence
The times, as Bob Dylan would sing, they are a-changin’. That the Middle East is looking East is old news.…
Bank Muamalat signs MoU with China banking group
Bank Muamalat Malaysia Bhd and Bank of Shi Zui Shan has signed a memorandum of understanding (MoU) for a partnership…
Morgan Stanley may sell commodity stake to Qatar – CNBC
Morgan Stanley is in advanced talks over selling a stake in its multibillion-dollar commodities trading division to Qatar's sovereign wealth…
Gulf bond issuance activity to remain fairly robust
Gulf region’s issuance activity is likely to remain fairly robust in the coming quarters, partly because of refinancing requirements, partly…
Arab Banking H1 net profit hits $105m
Bahrain-based Arab Banking Corporation (ABC) said it has registered a consolidated group net profit of $105 million for the first…
Kuwait's NIG asks for $475 mln sukuk extension as maturity looms
National Industries Group Holding (NIG), a Kuwaiti investment firm controlled by one of the country's biggest family conglomerates, has asked…
SICO receives regulatory approval for its new brokerage operation in the UAE
Bahrain-based regional investment bank, Securities & Investment Company (SICO), announced that it has received final approval from the Emirates Securities…