UGB Announces Nine Months net Profit
United Gulf Bank B.S.C. (UGB) today announced a net profit attributable to the shareholders of the parent of $ 2.2…
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Arqaam Capital Eyes Two New Fund Launches
Arqaam Capital’s asset management business is focused on Frontier and Emerging markets. Having started with the Middle East and North…
UAE bank lobby head calls for sanctions for new mortgage law
The head of the United Arab Emirates Banks Federation has called for sanctions to be introduced to back up the…
Dubai investigates Deutsche Bank over anti-money-laundering practices
Germany’s Deutsche Bank is under investigation by the DIFC’s financial regulator over alleged shortcomings in its customer due diligence and…
Dubai’s Amlak expected to resume trading in 2014
Dubai’s indebted mortgage lender Amlak Finance is expected to resume trading during the first half of 2014 after its shares…
BMI shareholders approve Salam bank merger
Bahraini retail and commercial banking institution, BMI Bank today announced that its shareholders approved the business combination with Al Salam…
Ajman Bank Appoints new CEO
Ajman Bank's Board of Directors announced today the appointment of Mr Mohamed Amiri as the bank's new Chief Executive Officer…
UAE Banks Federation to seek penalties for banks that break mortgage rules
he UAE Banks Federation, the representative body of banks operating in the country will recommend penalties for banks and bank…
Arbuthnot Latham announces more senior appointments
The Governor of the Dubai International Financial Centre, His Excellency Abdulla Mohammed Saleh, recently performed the ribbon-cutting ceremony of Arbuthnot…
Association Warns Against Tough Burdens on Banks
Banking representatives said they understand the Turkish government’s cautious banking regulations and find them positive, but also warned against additional…
UAE-based advisory firm Acuma to expand into Hong Kong
United Arab Emirates-based wealth management company Acuma will officially launch in Hong Kong next week and plans are being made…
Burgan Bank Group announces first nine months earnings
Burgan Bank Group announced today the first nine month results for the financial year 2013. Compared to the same period…