First Abu Dhabi Bank cuts up to 20 jobs in global markets -sources
First Abu Dhabi Bank has made up to 20 job cuts in its global markets division following the merger of…
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Mashreq bank Q1 net profit up 2.7 pct
Mashreq , Dubai's third-biggest lender by assets, on Wednesday reported a 2.7 percent rise in first-quarter net profit as bad…
Sovereign wealth fund assets inch up 1.2% for 12-month period
Assets held by sovereign wealth funds across the globe increased 1.2% to $6.59 trillion in the 12 months through March,…
Saudi Arabia's debut Islamic bond sale gets $17.5bn orders
Saudi Arabia’s debut dollar-denominated Islamic bond, which is due to price Wednesday, attracted more than $17.5 billion of investor orders…
Boubyan Bank posts KD 10 mln in Q1 profits
Boubyan Bank announced on Tuesday a net profit of KD 10.7 million (USD 34 million) with an EPS of 7.4…
QFB appoints acting CEO
The Board of Directors of QFB have announced the appointment of Mr. Khaled Abdullah Al Khoori, as the new Acting…
CC, Dentons, DLA and Hogan Lovells among firms up for top prize at Middle East Legal Awards
Clifford Chance, Dentons, DLA Piper and Hogan Lovells are among the firms competing to be named International Law Firm of…
Egyptian billionaire launches new bank in Europe
Egyptian billionaire businessman and the Chairman of Orascom Telecom, Media and Technology, Naguib Sawiris, has launched a new bank that…
Qatar's Commercial Bank Unveils Blockchain Remittance Pilot
The Commercial Bank of Qatar, the country's largest private bank, has successfully completed a blockchain pilot in conjunction with a…
Dubai Islamic Bank first-quarter net profit up 4 percent
Dubai Islamic BankDubai Islamic Bank, the United Arab Emirates' largest sharia-compliant lender, reported a 4 percent increase in first-quarter net…
DIB’s first quarter net profit up 4% to Dh1.04b
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE by total assets, yesterday reported a group net profit…
Gulf's largest lender sees Q1 net profit rise to $900m
QNB Group, the largest financial institution in the Middle East and Africa region, has said its first quarter net profit…