As Saudi bourse opens, foreigners face clash of investment cultures
Seventy-year-old Saudi Arabian stock speculator Mohamed al-Otaibi says he lost hundreds of thousands of dollars in the crash of 2006,…
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As Saudi bourse opens, foreigners face clash of investment cultures
Seventy-year-old Saudi Arabian stock speculator Mohamed al-Otaibi says he lost hundreds of thousands of dollars in the crash of 2006,…
Dubai set to be MidEast RMB hub; talk of clearing bank ahead
Amid this year's flurry of renminbi clearing bank designations to European and Asian cities, another region could soon be added…
BankDhofar awaits response from Bank Sohar on merger
BankDhofar Tuesday said it is waiting for a response on the proposed swap ratio from Bank Sohar to proceed with…
BankDhofar bags prestigious awards
BankDhofar said following the 'Best Bank in the Sultanate 2014 award, it has won two more awards from the Banker…
HSBC Bank Oman claims two awards at the banker Middle East Oman Product Awards 2014
Supporting the Bank's vision to become the leading financial institution in the Sultanate, HSBC Bank Oman S.A.O.G. recently won the…
Standard Chartered blames lower profits to margin compression
Standard Chartered Bank on Tuesday attributed decline in its UAE profits to heightened competition and margin compression in all major…
UAE’s Al Etihad Credit Bureau will begin operations next month
The UAE’s nascent credit bureau will begin operations next month to help banks assess the ability of clients to pay…
Arab Banking Corp net profit rises 22%
Arab Banking Corporation (ABC) Tuesday announced that its consolidated group net profit for the first half of 2014 was $…
Bahrain's GFH says to list $200m sukuk on NASDAQ Dubai
Bahrain-based Gulf Finance House (GFH) said on Tuesday it plans to list its $200 million sukuk on NASDAQ Dubai. …
Bahrain’s Ithmaar recieves best bank branch award
Ithmaar Bank’s main branch won the coveted Best Branch Award for the first quarter of 2014. The award was…
Dubai Islamic Bank Pakistan names Sharia head
The Dubai Islamic Bank Pakistan has appointed Mufti Muhammad Hassan Kaleem as the bank’s new country head of Sharia. …