Economic outlook for UAE positive
Key UAE economic and financial indicators, including real estate prices, Purchasing Managers Index (PMI), Credit Default Swap (CDS) spreads, airport…
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International Islamic wins Best Bank in Qatar Award
International Islamic won Citibank New York’s “Best Bank in Qatar Award” for its excellence in ‘Straight Through Processing’ operations. …
Bahrain Asset Managers Association appoints board of directors
The Bahrain Asset Managers Association has announced the appointment of its first Board of Directors including the appointment of Dr.…
State to fuel Islamic finance boom, Turkey banks chief says
Akyuz foresees the country’s interest-free assets increasing by 30 per cent to $60 billion in 2015, up from 1.2 per…
HSBC said to appoint Saudi Arabia Chief Executive
Najm joined Europe’s biggest lender from Saudi British Bank, where he was general manager of retail banking and wealth management,…
Bank Audi Consolidated Activity Highlights as at End-December 2014
In 2014, the Lebanese economy has witnessed a relative improvement in performance, though much lower than its potential capacity, within…
Four investment banks that will be hiring in the Middle East in 2015
Investment bankers in the Middle East are still facing an uphill struggle to boost the volumes in the region. …
HSBC Bank Oman announces its results for the year ended 31 December 2014
HSBC Bank Oman S.A.O.G. announced a net profit of RO12.2m for the year ended 31 December 2014, which represented an…
Bahrain's Ahli United Bank says chairman resigns for personal reasons
Ahli United Bank, Bahrain's largest lender, has accepted the resignation of its chairman, who is stepping down for personal reasons…
Union National Bank announces profit of AED 2,021 million, up by 16 per cent
Union National Bank (UNB, reported another year of record profit with the UNB Group profit being AED 2,021 million for…
Gulf Bank Q4 net profit climbs 10.7 pct, proposes stock dividend
Kuwait's Gulf Bank , the Gulf State's fourth-largest lender by assets, reported a 10.7 percent rise in fourth-quarter net profit…
Dubai Investments to Expand
Dubai Investments, a leading investment company listed on the Dubai Financial Market, has announced expansion plans across its diversified portfolio,…