NBK retains leading position in Mideast – ‘Highest ratings, best bank in the region’
National Bank of Kuwait (NBK) retained its position as the leading bank in Kuwait and the region in 2011. NBK…
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Majid Al Futtaim clears decks for sukuk programme
Majid Al Futtaim Holding, or MAF, has set up a $1 billion (Dh3.67 billion) Islamic bond, or sukuk, programme, paving…
Global banking giant abandons Turkish bank bid
HSBC has dealt another blow to the stricken Eurozone bank Dexia by withdrawing a proposal to buy its Turkish arm…
BankMuscat wins top honours in Best Brands survey
In recognition of extraordinary distinctive brand-building initiatives, BankMuscat has been voted the Best Brand in the banking segment in the…
QNB reports 32pc growth in profits
Qatar National Bank (QNB) Group reported 32 per cent growth in its net profit for 2011 exceeding 7.5 billion Qatari…
Ithmaar rolls out new sophisticated security feature
Ithmaar Bank, a Bahrain-based Islamic retail Bank, has become the first bank in Bahrain, and possibly the region, to introduce…
Deloitte runs family businesses targeted seminars
“Opportunities and pitfalls for Middle East family businesses ”, a seminar in Dubai in December hosted by Deloitte, brought owners,…
Dubai Islamic CEO quits GFH board
Dubai Islamic Bank's chief executive officer Abdulla Al Hamli has resigned from the board of Gulf Finance House, the Bahraini…
UAE-based law firms bag “Best Islamic Law Firm of 2011” award
UAE based law firms; Agha & Co/Agha & Shamsi (the “Firms”) were awarded “Best Islamic Law Firms of 2011” by…
Rothschild to advise on Lloyds UAE disposal
Lloyds Banking Group is in talks to dispose of its operations in the United Arab Emirates, with Abu Dhabi Commercial…
Scam alert from Dubai FSA
According to the DFSA alert, the websites fraudulently state that the DIFC Investment Bank (DIFC Bank) is a subsidiary of…
Regulator approves cap increases for SABB and Saudi Hollandi
Saudi Arabia's financial regulator has approved a 33 percent capital increase for Saudi British Bank (SABB) and a 20 percent…