Saudi’s Samba Q4 profit up 15.8 percent, slightly under estimates
Samba Financial Group, Saudi Arabia’s second-largest listed bank by assets, said its fourth-quarter net profit rose 15.8 percent year-on-year coming…
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QNB Group records QAR9.5bn net profit for 2013
QNB Group, the region's largest lender, has recorded a strong 13.7 percent growth in its net profit to QR9.5bn for…
Oman: Islamic Banking on the Rise
The Omani banking sector is a small but prudent and well performing sector. Profitability among Oman's banks has been healthy…
Turkey doubles tax fines
The Turkish government imposed a record amount of tax penalties last year by more than doubling the collected tax fine…
DLA Piper scoops award for Islamic finance restructuring
The Middle East restructuring practice of DLA Piper, the global law firm, was awarded the coveted 'Restructuring Deal of the…
HSBC Egypt Deploys Voice Response System For Customers
HSBC Egypt has announced the deployment of an advanced voice response (IVR) system throughout its call centres, to help process…
QNB wealth management, consumer banking units top assets, profit growth
QNB Group, the World’s Strongest Bank and the leading bank in the Middle East and North Africa, continued to record…
UBS names new head of Utilities for EMEA
Swiss bank UBS has appointed former Nomura banker Jean-Philippe Favre as head of utilities for Europe, the Middle East and…
From Stressed to Success: A Middle East Bank's Turnaround
Despite the support of massive oil revenues, U.A.E. banks were not immune to the tidal impact of the U.S. sub-prime…
Saudi British Bank Q4 Net Profit Jumps 20%
Saudi British Bank, Saudi Arabia’s fourth-largest listed bank, said its fourth-quarter net profit rose 20 per cent over the same…
Dubai Debt Deal Imminent – Bankers
Rumours of a bond issue by Dubai are gathering pace as debt capital markets bankers covering the Middle East say…
Mashreq Al Islami receives Best Islamic Window award
Mashreq Al Islami, the Islamic banking division of Mashreq was a proud recipient of the Best Islamic Window for the…