UAE’s banking sector returns to a strong growth trajectory, says IIF
The first quarter data from the leading UAE banks indicate that the banking system in the country has turned around…
Investment Banking
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Qatar's financial regulator bans, fines senior JP Morgan exec
A senior JP Morgan executive has been fined $20,000 and banned from being employed by any company operating in the…
UK fraud office steps up probe into Barclays over Qatar: FT
The UK fraud office stepped up its probe into British bank Barclays Plc's dealings with Qatar, the Financial Times reported…
Kuwait’s Burgan Bank Q1 Net Profit Up 10%
Burgan Bank, Kuwait’s third-largest lender by assets, reported a 10 per cent increase in first-quarter net profit on Sunday, beating…
Kingdom Tower to Get Financing in First Half, Developer Says
Kingdom Tower, the Saudi skyscraper set to be the world’s tallest building, will probably have construction funding in place by…
Discipline pays off for UAE banks
As the UAE economy picks up pace, UAE banks are poised to reap the rewards of aggressive provisioning and improved…
Barclays Ex-CEO Diamond Facing Questioning Over Qatar Deal
U.K. prosecutors will question Robert Diamond, former chief executive officer of Barclays Plc, In a probe into fees paid…
GFH assures positive financial position
Gulf Finance House issued a statement on Monday to assure to its shareholders and the market that the bank’s financial…
Emirates NBD points investors towards Arabian Gulf and developed markets
Emirates NBD, Dubai’s largest bank, is advising its clients to put more of their money into US, Japanese and Arabian…
Dubai's Shuaa Capital swings to Q1 profit
Total revenues were AED 64m;a77% increaseon Q1 2013’s AED 36m Net profit of AED 8.2m; continuous quarterly improvement in profitability…
Pakistan invites Middle East banks for investment
Pakistan is seriously considering a possibility of sukuk transaction in later part of 2014 and expects an active participation of…
Barclays to cut 7,000 jobs, impact on UAE is not yet known
Britain’s second largest bank, Barclays, has announced it is to cut 7,000 more jobs from its investment banking arm over…