Bank Leumi to Pay $1.6 Million for Illegal US Cross-Border Business
The US Securities and Exchange Commission has issued a statement saying that Israel-based Bank Leumi has agreed to admit wrongdoing…
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Two of the Middle East’s Biggest Banks Have Partnered on a Blockchain Project
Another pair of banks just announced their adoption of blockchain, the newly emerging technology that powers bitcoin. Emirates NBD, Dubai’s…
Samba Financial Group latest Saudi bank to report drop in profit as bad loans weigh
Samba Financial Group became the latest Saudi bank to report a drop in third quarter earnings, as the kingdom's thirdlargest…
JPMorgan appoints Bader Alamoudi head of business in Saudi Arabia
JPMorgan Chase & Co has appointed Bader Alamoudi as senior country officer for Saudi Arabia and general manager of JPMorgan…
GCC Islamic banks among most efficient worldwide
Islamic banks in the Gulf Cooperation Council rank among the top 20 of most efficient Shariah-compliant financial institutions worldwide, a…
New partner joins Al Tamimi & Company’s Cairo office
Al Tamimi & Company law firm recently welcomed its new partner Mohamed Gabr, former partner at Matouk Bassiouny law firm,…
Saudi Arabia Plans Debut Bond Sale to Shore Up Finances
Saudi Arabia is set to sell its debut international bond this week after meeting with potential investors, people familiar with…
Configo launches site to aggregate banks’ API portals
Fintech start-up Configo has launched a project to aggregate the API portals created by financial players around the world. …
Qatar Development Bank sponsors participation of Qatari entrepreneurs at 36th GITEX Technology Week exhibition
In the interest of regionally advancing local small and medium-sized enterprises and fostering a culture of entrepreneurship in Qatar, Qatar…
Ahli Bank of Qatar profit broadly static in first nine months
Ahli Bank of Qatar has reported nine months net profit of QAR 503.4 million compared with net profit of QAR…
QIB achieves net profit of QAR 1.6 billion 9M 2016
Net profit attributable to the Shareholders of the Bank amounted to QAR 1,605 million for the nine months period ended…
Saudi Arabia draws $67 billion demand for first international bond
Saudi Arabia attracted massive investor demand of about $67 billion on Wednesday for its first international bond offer, as the…