Swiss bank Pictet keeps it in the family
The Swiss banking industry is going through a period of transition, and Francesco Genovese, head of the Middle East asset…
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Four Egyptian Banks Chiefs restore Full Wages as Max Pay falls
The four banks are the National Bank of Egypt NBE, Banque du Caire BDC, Housing and Development Bank HDB, and…
The Commercial Bank increases quarterly profit by 17%
The Commercial Bank Q.S.C. and its subsidiaries and associates announced today its financial results for six months to 30 June…
Chestertons launches operations in Saudi Arabia
Chestertons, the international property agency established in 1805, has launched its operations across Saudi Arabia by entering into a joint…
Weber Shandwick Apoints new MD for MENS
Weber Shandwick MENA, the current Middle East Public Relations Association Agency of the Year, has confirmed that Ghaleb Zeidan has…
National Bank of Kuwait Q2 net profit up 9.9 pct, misses estimates
National Bank of Kuwait, the Gulf Arab state's largest commercial lender, reported a 9.9 percent increase in second-quarter net profit…
Kuwait Finance House posts 13.7 pct Q2 profit gain, misses estimates
Kuwait Finance House, the Gulf state's biggest Islamic lender, reported a 13.7 percent jump in second quarter net profit on…
Qatari bank CBQ beats forecasts with 17.3 pct jump in Q2 net profit
Commercial Bank of Qatar, the Gulf Arab state's second-largest lender by assets, beat analysts' forecasts with a 17.3 percent rise…
National Bank of Oman profits rise, deposits fall
National Bank of Oman, the country's third-largest bank by assets, reported a 21.4 percent rise in second-quarter profit on Tuesday,…
KSA, UAE among world's top 10 M&A and IPO activity growth markets
Saudi Arabia and United Arab Emirates are among world's top 10 countries forecasted to experience the fastest M&A and IPO…
Jordan Expected to Issue Debut Sukuk
Jordan said last month it was going to issue its first ever sovereign sukuk, or sharia-compliant bonds, soon. The…
CapitaLand’s Ascott partners Qatar Investment for $600m fund
The Ascott Limited, the wholly owned serviced residence business unit of CapitaLand, Monday said it had entered into a 50:50…