Huge Lay-Offs Plague Western Banks – Are Middle East Banks Next?
The world's most expensive bailouts have failed to save European and North American banking jobs, according to a new report…
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HSBC names new Senior Manager of Marketing in Qatar
HSBC Bank Middle East has announced the appointment of Maisa Taha as the Senior Manager of Marketing in Qatar. Maisa…
Global financial turmoil casts shadow over recovery of sukuk market
The cost of insuring Islamic bonds has risen to a six-week high as global financial turmoil threatens a regional recovery…
Delancey, Qatari Diar make London Olympic village site acquisition
UK developer Delancey Estates and a unit of Qatar's sovereign wealth fund have agreed to acquire the athlete's village in…
BMI Bank appoints new chief risk officer
BMI Bank has appointed Isa Hasan Maseeh as its chief risk officer. In his new role, Mr Maseeh, a Bahraini,…
Egypt's EFG-Hermes sees Q2 net profit fall by 19%
EFG-Hermes, Egypt's biggest investment bank, said on Sunday its net profit for the second quarter of 2011 fell 19 percent…
Credit Agricole to shut Bahrain office
Credit Agricole is to close its office in Bahrain and move its staff to Dubai, International Financing Review (IFR) said…
Barwa reports robust 51% jump in net profit
Qatar's Barwa Real Estate Company said on Sunday that its first half net profit rose by just over 50 percent…
Islamic finance industry needs consolidation
One of the most overused words in Islamic finance is consolidation. Islamic banks, leasing companies and Takaful companies need to…
Capinnova Investment Bank announces second quarter results
Bahrain-based Capinnova Investment Bank, the Shari’a compliant investment banking arm of BBK, has reported a net profit of $806,000 for…
Burgan Bank Wins "Best Private Bank in Kuwait" Award
Burgan Bank today announced that it has been awarded the prestigious "2011 Best Private Bank in Kuwait" award by World…
BankMuscat gears up for Islamic banking
BankMuscat, the Sultanate' biggest bank, is fully geared to roll out Islamic banking products, once the regulatory framework is in…