HSBC UAE to post rise in profits next year, says CEO
HSBC’s UAE arm expects to post an increase in profits next year and is optimistic about its outlook for the…
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Tamweel Third-Quarter Profit Doubles as Provisions Decline
Tamweel PJSC, the mortgage company majority owned by Dubai Islamic Bank PJSC, said third-quarter profit doubled as bad-loan provisions fell.…
ForEx buoys Mideast bank's 3Q results
National Bank of Abu Dhabi PJSC (NBAD), the United Arab Emirates’ second-biggest bank by assets, posted a 12 percent increase…
Bahrain-based bank announces y-on-y profit increase
Bahrain-based Gulf International Bank (GIB) has registered a consolidated net income of $84.6 million after tax for the first nine…
Global lender mulls more regional exits in the Middle East
HSBC Middle East continues to explore the possibility of exiting of some of its regional operations, following the closure of…
Qatar PM urges Europe to tackle sovereign debt woes
Energy-rich Qatar urged European governments to resolve their sovereign debt woes on Saturday and voiced caution on whether to help…
Mashreq appoints new Head of Mashreq Gold
Mashreq, one of the UAE's leading financial institutions announced the appointment of Pamir Karagoz as the new Head of Mashreq…
Mashreq interested in Dexia’s Denizbank if price is right, says CEO
Mashreq, one of the largest lenders in the UAE by assets, may consider making an offer for the Turkish retail…
Top US firm's Mideast wealth unit gets boost from Saudi opportunities
Merrill Lynch's Middle Eastern wealth management division is set to outperform the regional market's growth rate of around ten per…
No HSBC Kuwait branch closure
HSBC Bank Middle East has denied that it is shutting down its branch in Kuwait, as reported this morning in…
Permal says Middle East hedge fund investments on the rise
Permal, a global player in alternate investment management with $23 billion (Dh84.4 billion) worth of assets under management, is seeing…
Arab banks are well capitalised, provisioned against bad debt: IIF
Banks in the Arab states are generally well capitalised and have taken sufficient provisions against bad debts, the Washington-based Institute…