Standard Chartered mulls selling divisions
Standard Chartered bank is seeking to sell about six units in Asia, Europe and the Middle East, the Wall Street…
Investment Banking
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In Saudi Arabia, a Rarity – a Female Investment Bank CEO
NCB Capital , a major Saudi investment bank and the Kingdom's "largest asset manager," has appointed Sarah Al-Suhaimi as CEO…
Middle East to boost growth for SocGen
Societe Generale aims to leverage its experience in structured and transport finance to grow its business in the Gulf, its…
Bahrain-based Islamic investment bank registers net profit of $14.8 million
Global Banking Corporation, a Bahrain-based Islamic investment bank, has reported a net profit of $14.835 million for last year, as…
KAMCO's AUM growth at 20%
KAMCO, announces its financial results for the year ending on 31 December 2013.KAMCO posted a Net Profit of KD 3.02…
UAE bank assets cross Dh2 trillion mark
The combined assets of the UAE banks crossed Dh2 trillion mark for the first time at the end of 2013…
Kuwait Al Ahli Bank chairman fined $5.3m
A Kuwaiti court has fined the chairman of Al Ahli Bank, the country's eighth largest bank by market capitalisation, 1.5…
As part of the Bahrain-India Business Forum held in Mumbai, Gulf Finance House Signs Development Agreements with Wadhwa Group and Adani
Gulf Finance House, the Bahrain based Islamic investment bank, today announced the signing of two development agreements for real estate…
Qatar caps bonuses for commercial bank board members
Qatar's central bank is capping bonuses for board members of commercial banks in the country, it said in a circular…
Alubaf net profit surges 22pc to $37m
Bahrain-based Alubaf Arab International Bank's net profit for last year surged to $37 million, an increase of 22 per cent…
UPDATE 1-Saudi Arabia to sell 15 pct of National Commercial Bank in IPO
Saudi Arabia's government plans to sell a 15 percent stake in National Commercial Bank, the country's largest lender by assets,…
Luxembourg pension fund adds to Israel boycott woes
Luxembourg's general pension fund is boycotting five Israeli banks associated with illegal Jewish settlements in the West Bank. According…