‘HSBC report pushes West to rethink alliance with Saudi Arabia’
A US Senate subcommittee has discovered that British banking giant HSBC gave money to a Saudi bank with suspected links…
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Barclays to leave UAE rate panel in 90 days – sources
Barclays, hit by the Libor scandal in Britain, will leave the rate-setting panel for interbank lending in the United Arab…
Clearstream makes progress in Middle East
Clearstream continues to facilitate the creation of a Middle Eastern financial market infrastructure: Abu Dhabi Commercial Bank has joined Clearstream's…
MERCEDES-BENZ tO sponsor Mena Golf Tour
Mercedes-Benz has announced that it will be the official sponsor of the MENA Golf Tour for the second year in…
National Bank Of Oman Q2 profit up 13.2pc
National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a 13.2 percent rise in second-quarter net profit,…
“Standing Still… But Still Standing” – Blackrock
The global economy faces increased odds of slipping into a “Stagnation” scenario dominated by anemic growth in the developed…
Barings expands EMEA equity team
Baring Asset Management has appointed Mike Levy to the role of senior Investment Manager in the EMEA Equity team. He…
UK’s first Sharia compliant residential property fund announces acquisitions
As all eyes home in on London for the razzmatazz of the London 2012 Olympics, it is worth remembering…
Bank of Bahrain & Kuwait reports net profit
Mr. Murad Ali Murad, Chairman of BBK Board of Directors, announced that the bank's board of directors has yesterday reviewed…
Ex-Deutsche Bank CEO joins NBK's advisory board
Josef Ackermann, the former chief executive officer of Deutsche Bank AG (DBK), has joined the National Bank of Kuwait SAK’s…
UAE banks told to hold ‘10% liabilities in liquid assets’ from 1 Jan
Banks in the United Arab Emirates have been told they must hold the equivalent of 10% of their liabilities in…
Dubai Is A Wall Street Boomtown — Here's What It's Like To Live There
Bankers in Dubai live and work in one of the most unique cities on earth. The immense oil wealth…