Citi, Saudi Family Fight Over Hedge Fund, Private Equity Losses
Citigroup is seeking to stop a nearly $400 million arbitration claim over its handling of a Saudi family's alternative investments…
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New CEO at BankDhofar
The Chairman of BankDhofar, Abdul Hafidh bin Salim Rajab al Aujaili, has announced the appointment of Anthony Mahoney as the…
UAE retail banking: has the corner been turned?
UAE local bank executives are overall bullish about 2012. But downside risks, triggered by bad news from abroad, remain. HE…
Shuaa seeks to become platform for affluent clients
Shuaa Capital’s new chief executive wants to rebuild the Dubai-based investment bank as a platform for wealthy clients across the…
Barclays supports Women in Leadership Forum
Barclays confirm their support for the 3rd Annual Women In Leadership Forum and Shamsa Bint Suhail Award for Creative Women.…
Taib Bank appoints additional Board Members to its Board of Directors
Taib Bank is pleased to announce the appointment of three new Nonexecutive Directors representing the interests of its majority shareholder,…
Five major Saudi banks post strong Q3 profits
Five major Saudi banks posted third-quarter net profits, three of which beat analysts forecasts, citing lower operational costs as well…
India-based bank eyes Gulf expansion
State Bank of India (SBI), which launched a range of services for the NRIs in the UAE on Tuesday, is…
Boubyan Bank announces a net profit of KD6.9m for the period till September 2011
Boubyan Bank's announced results for the first 9 months of this year (till the end of Q3) showed a net…
National Bank of Kuwait Posts Decline in Quarterly Profit
National Bank of Kuwait SAK, the country’s biggest bank, said third-quarter profit fell amid a weak operating environment. Net income…
Gulf firms line up prized assets to fund growth
Credit markets are sending a harsh message to Gulf companies slowly emerging from the global financial crisis and now seeking…
Onyx Investments seeks court ruling on Oman's Blue City
Onyx Investments, a subsidiary of Oman's sovereign wealth fund, is seeking a judgement from an Omani court that would allow…