Middle East banking sector sitting pretty on $20 bilion merger market
Middle Eastern investment banking fees reached $536.1 million during 2012, a 19 percent increase over 2011, according to a report…
Financial Results
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Rainy day fund managed by KIA had assets worth more than US$261bn
A rainy day fund managed by Kuwait Investment Authority had assets currently worth more than US$261bn at the end of…
Turkish banks' January-November net profit rose 19%
Turkish banking profits rose 19 percent to 21.8 billion lira ($12.3 billion) in the first 11 months of the year,…
Results: UAB Clocks In 32% Profit Rise
UAE-based United Arab Bank, announced a record profit increase of 32 per cent for the first nine months of 2012…
Kuwaiti banks made relatively good results in 9 months
Kuwait News Agency Governor of the Central Bank of Kuwait Dr. Mohammad Youssef Al-Hashel said Saturday the local banks made…
Thomson Reuters Celebrates Third Anniversary of Middle East Online Financial Community
Thomson Reuters celebrated this month the third anniversary of the launch of its messaging community in the Middle East. The…
KPMG 2012 Revenues Reach US$23 Billion
KPMG International has announced record-high combined revenues of US$23.03 billion for the fiscal year ending 30 September 2012, representing a…
Leumi and Hapoalim Third-Quarter Net Rises as Provisions Fall
Bank Leumi Le-Israel Ltd. and Bank Hapoalim Ltd., the country’s two largest banks, posted an increase in profit as both…
Profit moves ahead at Arab Banking Corporation
Arab Banking Corporation has announced that its consolidated Group net profit for the first nine months of 2012 was US$158…
BDO Sees Global Revenue Grow in 2012
BDO is pleased to announce that the total combined fee income for the year ended 30 September 2012 for all…
KAMCO announces financial results for Q3, 2012
KIPCO Asset Management Company KSCC has reported its financial results for the third quarter of the financial year ended September…
Venture Capital swings to $15m profit
Venture Capital Bank, a Bahrain-based regional Islamic investment bank, said its net profit for the nine month-period ended September 30…