Venture Capital swings to $15m profit
Venture Capital Bank, a Bahrain-based regional Islamic investment bank, said its net profit for the nine month-period ended September 30…
Retail Banking
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Ithmaar Bank posts $15.6m net loss
Ithmaar Bank, a Bahrain-based Islamic retail bank, reported a net loss of $15.6 million for the nine-month period ended on…
Alubaf Arab bank profit surges 29pc
Bahrain-based Alubaf Arab International Bank saw its profit surge to $24.9 million in the first nine months of the year,…
Board member quits Dubai's Mashreq
Dubai's Mashreq, the second-largest lender in the emirate by market value, said board member Majed Saif al-Ghurair has resigned with…
ICBC expands in Middle East
ICBC is easily China's most outward-looking bank, and it is showing its global aspirations once again with word that it…
HSBC receives Central Bank approval for onshore assets of Lloyds TSB Middle East acquisition
HSBC Bank Middle East Limited has received the UAE Central Bank's approval for its acquisition of Lloyds Banking Group's (Lloyds…
Al Hilal Bank CEO receives Golden Order of Merit
Mohammed Jamil Berro, CEO of Al Hilal Bank, was bestowed the Golden Order of Merit in Wise Banking Management at…
Gulf Finance House Net Profit Surge to 7.5 million
Gulf Finance House 'GFH' or 'the Bank' announced its third quarter financial results for 2012. The Bank has…
SocGen nears sale of Egypt arm to QNB
Societe Generale is close to reaching a final agreement on selling its majority stake in its Egyptian banking arm…
Global economy prompts repayment fears for MENA traders – HSBC
Uncertainty over the global economy is increasingly prompting Middle Eastern companies to use financial instruments which offset the risk…
ABC Q3 profit up 29pc
Arab Banking Corporation has announced that its consolidated Group net profit for the first nine months of 2012 was US$158…
UAE banks among 50 safest emerging market lenders
Five UAE bank are ranked among the “50 safest banks” in emerging markets. Leading US-based finance magazine Global Finance has…