Impairment proposals to boost MENA banks: Survey
Banks in the Middle East and North Africa, or MENA, expect impairment accounting proposals to improve financial statements, according to…
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Arab billionaire rents London flat for $90,000 a week
A Middle Eastern businessman has signed a lease to rent London’s most expensive property at a cost of £55,000 ($90,000)…
BankMuscat wins Euro STP Excellence Award
BankMuscat has won a prestigious award in recognition of operational excellence in the field of Euro payments processing. BankMuscat was…
Turkey Financial Industry Profit Falls $1 Billion in First Half
Turkish financial industry profit fell 1.8 billion liras ($1.03 billion) in the first six months of the year from the…
UAE banks boost lending to small businesses
Banks in the United Arab Emirates are preparing for whole hearted financial support to the small and medium scale industry…
Lebanon included in HSBC restructuring plans
HSBC has embarked on a major global restructuring program that will include its operations in Lebanon, a banking source told…
Qatar in exclusive talks to buy Silverstone F1 circuit
Harrods-owner Qatar Investment Authority (QIA) is on the verge of snapping up another British landmark as it is believed to…
Gadhafi’s exit to spur Libya’s Shariah banking
Islamic banking in Libya, where rebels stormed the capital Tripoli this week, may benefit from the departure of Moammar Gadhafi,…
Barwa Bank's acquisition of Al-Yusr may pave way for more transactions
With four months to go for the emirate’s conventional banks which have opened Islamic banking windows (IBWs) to close them…
Al Hilal Bank plans to issue $1bn of sukuk
Al Hilal Bank is preparing for its first foray into credit markets, courting international investors with an Islamic bond sale.…
HSBC selected as best Internet bank in Qatar
HSBC Bank Middle East has been named as the Best Corporate / Institutional Internet Bank in Qatar for the second…
Standard Chartered announces key senior appointment
Standard Chartered has promoted Rajat Sapra to the post of Head of Global Markets and Co-Head of Wholesale Banking in…