UAE Billionaire NRI buys Indian Bank Stake
UAE-based Indian businessman M A Yousuf Ali has increased his presence in the Indian banking sector by purchasing a 4.47…
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Two Arab Bank Group Entities Cut To 'BB+/B'
We believe industry risks for Jordanian banks have increased due to deteriorating sovereign creditworthiness. Arab Bank Group is facing more…
CEO of deVere buys UAE wealth management firm
The founder and chief executive of the world's largest independent financial advisory organisation has confirmed that he has acquired Acuma,…
Julius Baer boosts Israel activity
Swiss bank Julius Baer, which specializes in private banking, has begun incorporating the activity of Merrill Lynch's wealth management division…
Dubai loses ground to London in battle of banking
In its ambition to rise to a global financial center, Dubai suffered a number of setbacks in recent months,…
Barclays replaces head of Middle East and North Africa
Barclays have announced the appointment of Cedric Lizin as Head of Middle East and North Africa to its Wealth and…
Jordan Islamic Bank Choose Aastra for Contact Center
Aastra was chosen to supply Jordan Islamic Bank with a state-of-the-art contact centre solution. Jordan Islamic Bank is Jordan's…
Risks in Islamic banking and how to manage them
The PSIA-financed assets of an Islamic Bank face the Displaced Commercial Risk Thus, more specifically, the PSIA-financed…
Bank Muscat posts OMR63.1m net profit in first half of 2013
Bank Muscat has announced its preliminary results for the first half of 2013, posting a net profit of OMR63.1 million…
UAE Banks Federation submits final proposal on large exposure
The UAE Banks Federation has raised the final proposal on Percentage Limits that Constitute Large Exposure to the central bank,…
Investment boutique looks to Gulf region for IFA partners
A recently established London-headquartered investment boutique has revealed plans to build working partnerships with IFAs based in the Middle…
HSBC cut down SMEs service
HSBC, one of the largest multinational banks operating in Egypt, has recently shut down a number of its small…