RAKBANK launches Islamic banking
RAKBANK, the retail and small business bank in the UAE, is starting 2013 with the launch of its new Islamic…
Investment Banking
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Investors Increasingly Bullish as Global Economy Regains Growth Path – RESEARCH
Global investors have entered 2013 in buoyant but not yet exuberant mood, according to the BofA Merrill Lynch Fund Manager…
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…
Middle East investment banking fees up 19%
Investment banking fees in the Middle East increased 19 percent last year to US$536.1m from 2011, according to Thomson Reuters.…
Morgan Stanley to trim Dubai staff amid global cuts
Morgan Stanley Inc , the sixth-largest U.S. bank by assets, is trimming staff at its Dubai office, mainly by cutting…
Investment banking booming in Mideast
Investment banking activity across the region boomed last year with the best annual performance since the financial crisis of 2008.…
Dubai Group settles lawsuit over debt deal
Dubai Group, a struggling unit of the ruler of Dubai's personal investment firm, has settled with banks who brought legal…
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,…
Bank of Bahrain appoints new CEO for India operations
Bank of Bahrain and Kuwait has appointed Mallikarjun Kota as its Chief Executive Officer and Country Head-India Operations with effect…
NBAD moves up ranking in Hawkamah Index
The National Bank of Abu Dhabi (NBAD), has improved its ranking moving up three places to third position in the…
Emirates NBD unit plans $408m rights issue
The Islamic unit of Emirates NBD, Dubai's largest listed bank, intends to begin a AED1.5bn ($408m) rights issue this month.…
Bahrain Islamic banks merger completed
The merger of three Bahrain-based Islamic banks has been completed to create a new financial institution with total equity of…