NBK posts net profits of KD 261.8 mln in 2014
The National Bank of Kuwait during its General Assembly meeting Saturday announced net profits of KD 261.8 million (USD 894.2…
Investment Banking
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EFG Hermes: How patience turns to profit
The past 12 months have been busy for EFG Hermes. After a period of consolidation and retrenchment in 2013, the…
Barclays Egypt celebrates 150 years of world-class financial services
After a year of strong financial results, Barclays Bank Egypt concentrates on an ambitious expansion plan to commemorate its 150th…
DIFC welcomes BankMed & MedSecurities
BankMed , one of Lebanon's leading and fastest-growing banks, announced today the official launch of its operations in the Dubai…
Arab bankers express concern over Asya intervention
A government intervention into a leading Turkish Islamic bank is a bad reflection on the country's banking sector, which has…
Diversification in the Gulf
Kuwait has more to offer than oil. With real estate and Islamic finance on the increase, World Finance spoke with…
Cedrus expands to retail banking
Cedrus Bank announced Tuesday that it will raise its equity to $60 million after Cedrus Invest Bank completed the acquisition…
Turkey Finans Katilim Bankasi A.S. receives a License from the Central Bank of Bahrain
The Central Bank of Bahrain ("CBB") has granted a license to Turkey Finans Katilim Bankasi A.S., to open a branch…
Triple threat weighs on Middle East earnings for Standard Chartered
Standard Chartered said its Middle East earnings last year were dragged down by increased competition, a low interest rate environment…
Banks on a hiring spree as Saudi ‘opens market’
Deutsche Bank AG and Bank of America Corp are among financial institutions seeking to hire traders in Saudi Arabia as…
How can Arab women empower themselves to lead? 10 inspiring quotes from #NAWF2015
Al Iktissad Wal Aamal Group and Al Hasnaa Magazine organized the 7th New Arab Woman Forum (NAWF) at the Four…
American multinational financial services firm names head of EMEA investment bank
Morgan Stanley promoted Simon Smith to head of investment banking for Europe, the Middle East and Africa in a shake-up…