SICO posts net profit of BD1.127m for Q2
Bahrainâbased Securities & Investment Company (SICO) announced today a net profit of BD 1.127 million for the second quarter of…
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Arab holdings of US bonds put at $470bn
The downgrading of the US credit rating will likely have "far-reaching consequences" on the Arab region, according to Chairman of…
Banking, financial products see four-fold online increase
Online search for financial products quadruples in MENA Dubai The number of people searching online for banking and financial products…
Gulf CEOs keep fingers crossed
The downgrade of the US credit rating from AAA to AA+ has caused a lot of concern among the UAE…
Al Baraka’s H1 income surges 15pc to $353m
After deducting all operating expenses, net operating income was up 13 per cent to $170m. The net income…
GE hires former Morgan Stanley banker Brunsberg
GE Capital, the financial services unit of General Electric, has hired Ellen Brunsberg to head up its capital markets activities…
Fresh Q2 earnings boost Dubai bourse
Most Gulf markets returned to negative territory on Thursday amid wide-spread concerns over the US economy, while a set of…
Abu Dhabi Islamic Bank and UAE Exchange partner for card payments
UAE Exchange has a wide network of branches across the UAE at which ADIB Covered Cardholders can…
Cramer-Salamian reinforces its Dubai team with appointment of new counsel
Cecilia Bicca Paetzelt holds a bachelor degree in Legal and Social Sciences and a post-graduate degree in Business Law,…
BMI Bank signs an agreement with Sinnad
Bahraini retail and commercial banking institution, BMI Bank announced that it had signed an agreement with Sinnad, to manage the…
Commodities Outlook: Increased Volatility, Increased Opportunity?
Credit Suisse’s Asset Management division announced the release of a new white paper entitled, “Commodities Outlook: Increased Volatility, Increased Opportunity?”.…
MDM Bank seeks Arab, Asian sovereign wealth investors
MDM, whose shareholders include businessman Sergey Popov with a 56.3 percent stake and Igor Kim with 11 percent, may offer…