NBAD appoints Group CEO
The National Bank of Abu Dhabi has announced the appointment of Alex Thursby as Group Chief Executive with effect from…
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Standard Chartered unveils ‘Digital Banking’ vision in the UAE
Standard Chartered has announced its digital banking vision, aimed at enhancing the customer banking experience in the UAE. This is…
UAE looks at bank procedures to comply with new US tax act
Central Bank held a seminar to discuss the procedures to facilitate the new US Foreign Accounts Tax Compliance Act (FATCA),…
Reserves rule 'will hit smaller banks'
International regulations demanding that banks increase their reserves over the next few years could see smaller institutions in the Middle…
NASDAQ Dubai welcomes $750m Emirates NBD bond to its market
NASDAQ Dubai, the Middle East’s international financial exchange, welcomed the listing on Sunday of a $750 million (Dh2.7 billion) conventional…
UAE lenders cut loan-loss provisions by 13% in 2012
UAE banks significantly reduced existing high provisioning levels by 13 per cent, while at a collective GCC level, provisions for…
QNB takes over SocGen's Egyptian unit
Qatar National Bank (QNB) Group said it has completed the acquisition of a controlling stake of 97.12 per cent in…
Sovereign wealth fund makes new appointments
Andrea Moneta and Lakhdar Moussi join the ONIC Holding Board following their election at ONIC Holding’s AGM held on 30th…
Barclays Plans to Expand in Egypt as French Banks Retreat
Barclays Plc plans to add branches in Egypt this year as Britain’s second-biggest bank by assets seeks to expand in…
Leeds United’s Dubai-Based Owner Says Studying Investor Offers
GFH Capital, the unit of a Bahraini investment firm that bought Leeds United in December, is studying several offers from…
Key GCC Islamic banking assets rise to $445bn
Islamic banking assets with commercial banks in the GCC reached $445 billion at the end of last year, up from…
KPMG has launched a global centre of excellence for family business
The initiative is in collaboration with Young Presidents' Organisation that provides all YPO Global Family Business Network members with exclusive…