Iraq to welcome two foreign banks
Iraq’s central bank will be approving licences for two foreign banks to operate in the country. The bank has…
Retail Banking
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Abu Dhabi investor seeks to exit Mongolia bank after governance row
A foreign investor has moved to sever ties with Mongolia's largest private lender, Golomt Bank, because of its concerns over…
HSBC Bank Oman net profits jump
HSBC Bank Oman posts net profits of RO10.9m for the year to the end of December - 87.9% up on…
Dubai's Emirates NBD 4Q Net Profit Rises, But Misses Estimates
Emirates NBD, Dubai's biggest bank, on Monday reported an 8% year-on-year rise in fourth-quarter net profit amid a resurgence in…
Taylor Wessing acts for AJIB in connection with HSBC acquisition
The transaction is expected to complete during the first half of 2014. It is one of the biggest banking deals…
Dubai lender Mashreq's Q4 net profit jumps 48%
Mashreq, Dubai's third-biggest lender by assets, on Monday posted a 48 percent rise in fourth-quarter net profit, Reuters calculations showed.…
ABK posts KWD 35.4m net profit in 2013
Al Ahli Bank of Kuwait achieved KD 81.5 million operating profits and KD 35.4 million net profits for the financial…
Jordan's Arab Bank net profit rises 43 pct in 2013
Jordan's largest lender, Arab Bank Group, posted a 43 percent rise in net profit to $501.9 million last year on…
Abu Dhabi to host Global Financial Markets Forum
The National Bank of Abu Dhabi (NBAD) is organising the sixth Global Financial Markets Forum (GFMF) in March to analyse…
National Bank Of Kuwait Q4 Net Profit Drops 48%
BK reported a full-year profit for 2013 at $844 million, down from the $1.08 billion recorded for 2012. National…
Alizz Islamic Bank Post Net Loss
Alizz islamic bank has reported a net loss of RO3.23mn for the period from November 2, 2012 to December 31,…
HSBC Sells Banking Business In Jordan
HSBC Holdings PLC said Monday it has sold its banking business in Jordan to Arab Jordan Investment Bank PLC for…