IBA Group to Present New Software Services in Dubai
IBA Group, an alliance of IT companies with over 2,500 people, will present new services at the GITEX Technology Week…
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Dr Nasser Saidi appointed to Board of Governors of International Corporate Governance Network
Dr. Nasser Saidi, Executive Director of Hawkamah Institute for Corporate Governance, was appointed to the Board of Governors of the…
Private banking: Local groups join competition to service wealthy clients
Gulf banks are trying to compete with the likes of Bank Sarasin-Alpen and Credit Suisse for private banking clients in…
HSBC Saudi introduces new commodity fund
HSBC Saudi Arabia has launched its new HSBC Amanah Commodity Index Fund. The objective of this new open-ended Shariah compliant…
Iran detains 19 suspects in $2.6bn bank fraud case
Iranian authorities have detained 19 people suspected of being involved in a $2.6 billion bank fraud scheme which is regarded…
Emirates NBD joins loan syndication for Russian bank
Emirates NBD along with Standard Chartered Bank and Wells Fargo Bank lead arranged a $110 million syndicated term loan facility…
NBAD looks to expandin Malaysia
National Bank of Abu Dhabi (NBAD) plans to open a Malaysian subsidiary in January and has applied for a licence…
Capital flight from Egypt and Libya hit $8 billion during Arab Spring
The Arab Spring drained more than US$8.6 billion (Dh31.58bn) in bank deposits from Egypt and Libya in the first three…
National Bank of Oman introduces new credit card
National Bank of Oman (NBO) in partnership with Visa International has introduced a new credit card, the NBO Infinite Credit…
U.S. tax-evasion probe turns to Israeli banks
The U.S. pursuit of offshore tax evaders is widening to include Israel, where U.S. authorities are scrutinizing three of Israel's…
E&Y advisor to CBO on Islamic banking rules
The Central Bank of Oman (CBO) has appointed Ernst & Young to advise the apex bank on formulating a separate…
Global investment banks cutting back Middle Eastern operations
Leading global investment banks, including Credit Suisse AG, are cutting research staff in the Middle East to save costs amid…