HSBC Bank Oman finishes 'full systems integration'
HSBC Bank Oman, which was formed after merging Oman International Bank (OIB) with HSBC's Oman operations in June, said that…
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HSBC Bank Oman seeking buyers for five OIB branches
HSBC Bank Oman is looking for buyers for five Indian and Pakistani branches of what until recently was known as…
Middle Eastern banks make formal offer for Fimbank
Fimbank, the Malta-headquartered trade finance bank, has formally received a joint offer by Burgan Bank SAK and United Gulf Bank…
Growth prospects fuel Gulf banks' capital-raising push
As banks in much of the rest of the world struggle to shore up balance sheets ravaged by weak economies,…
Leumi and Hapoalim Third-Quarter Net Rises as Provisions Fall
Bank Leumi Le-Israel Ltd. and Bank Hapoalim Ltd., the country’s two largest banks, posted an increase in profit as both…
Burgan Bank wins “Best Bank in Kuwait” award
Burgan Bank has announced that it has won the coveted "Best Bank in Kuwait" award from EMEA Finance, a prominent…
Bullish bankers struggle to adjust to bonus cutbacks
After a year of scandals, job cuts and shaky markets, senior managers and consultants contacted by Reuters warn bonus pools…
Profit moves ahead at Arab Banking Corporation
Arab Banking Corporation has announced that its consolidated Group net profit for the first nine months of 2012 was US$158…
Dubai Group, Banks Said Close to $6 Billion Debt Agreement
Emirates NBD PJSC (EMIRATES) and Noor Islamic Bank are among creditors close to an agreement with Dubai Group LLC on…
Show me the money: Regulators looking for the Gulf's private money
Shadow banking is a catch-all term for an industry that encompasses hedge funds, private equity firms and structured investment vehicles,…
Burgan Bank to sue Ex MP
The Burgan Bank intends to file a lawsuit against former MP Faisal Al-Mislem to demand compensation amounting to KD1 million…
Islamic Finance House Opens its New Main Branch in Abu Dhabi
Islamic Finance House Pvt. JSC, has announced the grand opening of its new main branch, which is located at the…