NBK-Bahrain reports net profits of USD 145 million for 2014, up 27% y-o-y
National Bank of Kuwait-Bahrain ( NBK Bahrain), the subsidiary of NBK Group in Bahrain, reported net profits of USD 145…
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Turkish banks' January net profit 2.15 bln lira – banking watchdog
The Turkish banking sector's net profit was 2.15 billion lira ($856.16 million) in January, the banking watchdog BDDK said on…
Abu Dhabi-backed firm splashes out $31.2m to poach former JPMorgan aide
Carlyle Group, the US private equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, paid…
Surge in regional wealth creates new opportunities for private banks
Private wealth in GCC has doubled from $1.1 trillion to $2.2 trillion, making the region a lucrative market for both…
QTA, QDB to establish Tourism Incubation Zone
Qatar Tourism Authority ( QTA ) hosted the signing of a contract between Qatar Tourism Authority ( QTA ) and…
Oman's Bank Dhofar gets shareholder assent for capital plans
Bank Dhofar, Oman's second-largest bank by assets, won shareholder approval for plans to raise its capital by as much as…
ABC group net profit rises 7pc
Arab Banking Corporation's (ABC) consolidated group net profit for 2014 rose seven per cent to $256 million, when compared with…
Qatar buys prime Milan property
Qatar’s sovereign fund has taken control of one of Italy’s prime business areas after buying out other shareholders. Property…
UGB records income for 2014 of $169.1 million
UGB’s profit attributable to shareholders of the parent for 2014 increased to $18.8 million compared to $2.6 million in 2013,…
BLOMINVEST Saudi Arabia net profit surges 16%
BLOMINVEST Saudi Arabia , an investment company specialized in asset management, financial advisory services and private equity investments licensed by…
A.M. Best on the new UAE insurance regulations
The Insurance Authority (IA) of the United Arab Emirates (UAE) recently issued its new Financial Regulations to Traditional and Takaful…
Eiffel Management Limited acquires DIB stake in Emirates REIT Manager
Emirates REIT has nnounced that Eiffel Management has acquired Dubai Islamic Bank 's 25% stake in Emirates REIT Management (Private)…