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Uncategorized

Bankdhofar announces partnership with Boston Consulting Group to develop strategic plan

February 7, 2012

BankDhofar has partnered with a leading global management consulting firm, the Boston Consulting Group (BCG), to develop its strategy for…

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Comment & Analysis

Qatar's banking sector grows 22.3% to US $190.6 billion in 2011

February 7, 2012

During a speech addressing delegates at the Qatar Projects 2012 conference in Doha, Qatar, today (Monday 6 February), H.E. Abdulla…

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Financial Results

Commercial Bank makes KD 0.81 mln net profit in ''11

February 7, 2012

Commercial Bank of Kuwait announced a net profit attributable to shareholders of the parent bank for the year 2011 of…

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Islamic Finance

DIB reports 2011 net profit rose y-on-y

February 7, 2012

Dubai Islamic Bank (DIB) announced its financial results for the year ending December 31, 2011, demonstrating sustained growth across the…

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Uncategorized

BankMuscat hails CBO model on Islamic banking

February 7, 2012

 BankMuscat, the flagship financial institution in the Sultanate, has commended the draft Central Bank of Oman (CBO) model of Islamic…

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Islamic Finance

Islamic banking draft moots five-member Sharia board

February 7, 2012

A five-member Sharia board, exclusive branches for window operation, clear cut segregation of conventional and Islamic banking with separate teams…

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Uncategorized

Gulf Bank inks partnership with Teshkeel Media Group

February 7, 2012

Gulf Bank today announced that it has agreed on a strategic partnership with Teshkeel Media Group (TMG), creators of 'THE…

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Financial Results

UAE's largest bank sees 1% fall in Q4 profit

February 7, 2012

National Bank of Abu Dhabi (NBAD) on Tuesday posted a one percent decline in fourth quarter net profit, missing analysts'…

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FinTech

Infosys to strengthen presence in Sultanate

February 7, 2012

Global information technology giant Infosys, which has its popular universal banking solution product Finacle, will be investing in Oman to…

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Executive Moves

BNY Mellon Appoints New Chairman of Middle East & Africa

February 6, 2012

BNY Mellon has confirmed Bill Williams as its new Chairman of Middle East & Africa (MEA) following Hani Kablawi's appointment…

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Uncategorized

RBS Coutts Mideast To Add Staff This Year;Hopes To Double Assets By 2015

February 6, 2012

Coutts today reinforced its continued expansion in the Middle East with three key appointments and plans to hire approximately 20…

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Executive Moves

Merrill Lynch Wealth Hires HSBC, Barclays Bankers in Mideast

February 6, 2012

Merrill Lynch Wealth Management said it has further strengthened its business in the Middle East region with the appointment of…

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