PineBridge partners with CICC Investment Management
CICC Investment Management (USA), Inc. and PineBridge Investments LLC (PineBridge) announced the launch of the first global fund of hedge…
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Emirates Islamic Bank announces 101% increase in first quarter net profit
Emirates Islamic Bank, one of the leading Islamic financial institutions in the region, announced today a 101% increase in net…
Noor Islamic Bank reports net profits of Dhs75.5m for 2012
Noor Islamic Bank delivered a strong performance in 2012 that has translated into a rise in profits of Dhs26.4m to…
Bank loyalty low among UAE customers
When it comes to banking, customers in the UAE are a pretty dynamic bunch. Residents in this part of the…
HSBC Bank Oman shuuters 4 branches
Following its formation in June 2012, the bank's senior management carried out a comprehensive branch review resulting in the segmentation…
Interview: United Arab Bank CEO
The UAE lender has not opened a new branch in Dubai for almost 14 years and yet it reported a…
Gulf banks seeking to expand regionally
For years, Dubai’s top bank Emirates NBD relied on its home base and cosy relationship with leading government-related entities in…
Citi taps wealthy family clients to boost private bank
Citigroup is betting on wealthy Middle Eastern family firms who are in expansion mode to boost its private bank business,…
Dubai IslamicBank eyes acquisitions in Asian markets
Dubai IslamicBank has dealt with much of its balance sheet weakness and should see profits for 2013 grow in the…
Deutsche Bank appoints new Regional Head of Global Transaction Banking for the Middle East and Africa
Deutsche Bank has announced the appointment of Harold Leenen, 47 as the regional head of Global Transaction Banking for the…
BNY Mellon enhances transfer agency offering with new retrocession servicing capabilities
BNY Mellon has further enhanced its global transfer agency offering with a new retrocession servicing capability that enables asset managers…
EFG Hermes and QInvest Confirm Expiration of JV Agreement
EFG Hermes and QInvest have announced that the long-stop date for the satisfaction of the conditions precedent for their joint…