Arab National Bank reports $767m net profit for 2014
Arab National Bank (ANB) has reported a net profit of $767 million for 2014 compared to $673 million in 2013.…
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RSA Said to Work With UBS on Possible Sale of Middle East Unit
RSA Insurance Group Plc is considering the sale of its Middle Eastern business as the U.K. insurer seeks to raise…
Mayur Hedge Fund returns 61% in 2014, outperforming the benchmark by 30%
Global Investment House (Global) announced today that the Mayur Hedge Fund, a long short absolute return growth oriented fund with…
SR4.27bn profit for Saudi British Bank
Saudi British Bank has posted a 0.6 percent drop in fourth-quarter net profit. The bank, an affiliate of HSBC Holdings,…
Warba Bank Wins Best Call Centre Award from Banker Middle East
Warba Bank has won the Best Call Centre Award from Banker Middle East Magazine granting awards for banking products and…
Abu Dhabi 2015 to map out NBAD's ambitious expansion plans
The key part that Abu Dhabi's financial institutions are playing in driving the emirate's long-term economic development plans will be…
Dubai's Emaar says banks slash interest rate on $500 mln loan
Dubai's Emaar Properties has agreed with banks to slash the interest rate on a $500 million syndicated loan, the developer…
Central bank highlights areas to issue new rules for insurance and takaful
Abdul Rahman Al Baker, executive director for financial institutions supervision at the Central Bank of Bahrain, has said that the…
Bank Muscat Q4 profit drops in absence of insurance payout
Bank Muscat, Oman's largest lender, posted a 26.6 percent decrease in its fourth-quarter net profit on Thursday, missing analysts' estimates…
Saudi's Al Rajhi Bank Q4 net profit falls 1.8 pct, misses forecast
Al Rajhi Bank , Saudi Arabia's second-largest listed lender, posted a 1.8 percent drop in its fourth-quarter net profit, it…
Two Kuwaiti firms win awards in UAE
Two Kuwaiti companies garnered awards given out by the Islamic Economy Awards 2014 being held in the UAE annually, it…
Is Egypt a rising tiger on the Nile?
The people of Egypt had spoken. During eight days in September, Egyptians from all walks of life came together, united…