UAE Bank Law Frustrates Expat Women
The Central Bank in Abu Dhabi, in a move it hints is based on Islamic law, will not allow women…
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Saudi British Bank profit jumps 10.4pc
The Saudi British Bank (SABB) recorded a net profit of SR1,769m for the six months ended 30 June 2012.…
Michael Jackson memoribilia part of U.S. case against African leader
The U.S. government’s recent filing in Los Angeles for civil forfeiture in an attempt to recover $71 million from Equatorial…
NBAD promotes senior UAE executives
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has promoted several senior UAE executives…
National Bank of Fujairah seals strategic tie-up with Oman Insurance
The National Bank of Fujairah (NBF) has announced the signing of a strategic agreement with Oman Insurance Company (OIC) that…
Transparency in Corporate Reporting index ranks the world's 105 largest companies
Transparency International have ranked the world's 105 largest companies in their Transparency in Corporate Reporting index. Researchers evaluated each organisation…
Geneva Bankers Tap Old Ties to Find New Riches Amid Arab Spring
Geneva’s bankers, who forged the biggest offshore hub for the Middle East super-rich after Saudi Arabia’s King Fahd built a…
Bahrain’s sovereign wealth fund sees losses widen
Bahrain's $9 billion sovereign wealth fund Mumtalakat said its full-year consolidated net losses widened due to higher provisions and reduced…
RBS, others quit Dubai Group debt talks
Royal Bank of Scotland and two other banks have abandoned talks on restructuring Dubai Group's $10 billion debt and threatened…
Bank Sohar profit soars 50 per cent, loans and deposits rise
Bank Sohar, an Omani lender, posted a 50 per cent increase in first-half profit as loans and deposits rose. Net…
Burgan Bank wins "Best Private Bank in Kuwait"
Burgan Bank announced today that it has been awarded the coveted "Best Private Bank in Kuwait" award for the…
Mideast M&A activity surges 45% to $8.5b in Q2
Mergers and acquisition activity in the Middle East surged 45 per cent in the second quarter to $8.5 billion on…