Bank of New York Mellon Corp plans to set up Saudi office: sources
Bank of New York Mellon Corp plans to establish an office in Saudi Arabia as early as the second quarter…
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Al Baraka Banking Group announces the appointment of a new CEO of Al Baraka Bank Pakistan
The Board of Directors of Al Baraka Bank (Pakistan) Limited and Al Baraka Banking Group B.S.C (ABG) have approved the…
Qatar weighs proposal on combining three banks
Qatar Central Bank is evaluating a proposal on the three-way combination of Masraf Al Rayan QSC, Barwa Bank QSC and…
MEPs continue crackdown on tax avoidance
MEPs have taken EU finance ministers to task over their decision to remove eight countries from the tax haven blacklist…
Deutsche Bank planning UAE hires
Deutsche Bank AG is expanding in Saudi Arabia and the United Arab Emirates as the lender expects sovereign bond sales…
Panama seeks to attract investment from UAE sovereign wealth funds
President Juan Carlos Varela of Panama wants to boost UAE sovereign wealth investment in real estate and infrastructure and presented…
Dubai’s Abraaj Group reorganises, names two CEOs for fund management unit
Dubai-based private equity firm Abraaj Group has appointed two joint chief executive officers for its fund management unit, Abraaj Investment…
New remittance rules announced in Oman
With the announcement of a new rule regarding remittances in Oman, expatriates making large financial transactions will come under scanner…
Saudi c.bank's foreign securities holdings fall as Riyadh mobilises funds
The foreign securities holdings of Saudi Arabia's central bank fell sharply in January in a sign that the government may…
Saxo Bank warns of possible global economic slowdown
The GCC states are likely to face economic challenges this year due to the increased risk of a global slow-down…
Qatar banking sector stays resilient: Sheikh Hamad
The resilience of Qatar’s banking sector was demonstrated by the financial results of the country’s banks including Al Khaliji, said…
Outlook on lagging UAE indices still positive
The outlook on UAE indices is still positive even as the benchmark has lagged in terms of performance compared to…