HSBC awarded 2 top accolades for its operations in Middle East
HSBC Private Bank has announced that it has received two of the Private Banking industry's most prestigious awards for its…
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Omani firm plans $130 mln, 5-year sukuk in Q1 2013
Oman's Al Madina Real Estate plans to issue the country's first sukuk or Islamic bond in the first quarter of…
Ithmaar Bank posts $15.6m net loss
Ithmaar Bank, a Bahrain-based Islamic retail bank, reported a net loss of $15.6 million for the nine-month period ended on…
Alubaf Arab bank profit surges 29pc
Bahrain-based Alubaf Arab International Bank saw its profit surge to $24.9 million in the first nine months of the year,…
Board member quits Dubai's Mashreq
Dubai's Mashreq, the second-largest lender in the emirate by market value, said board member Majed Saif al-Ghurair has resigned with…
Is Bank's Net Profit More Than Doubles
Turkey's Is Bank's third-quarter net profit more than doubled, reflecting an increase in net interest income and commissions, according to…
ICBC expands in Middle East
ICBC is easily China's most outward-looking bank, and it is showing its global aspirations once again with word that it…
Wealth Fund Backs Glencore’s Bid for Xstrata
The sovereign wealth fund Qatar Holding said on Thursday that it would support Glencore International’s proposed $32 billion takeover of…
Abu Dhabi financial brokerage plans Levant expansion
Mena Corp, a financial brokerage based in Abu Dhabi, is expanding throughout the Levant amid bets that bullish demand for…
Ashurst strengthens presence in the Middle East with Saudi Arabia launch
Ashurst is set to boost its practice in the Middle East with the launch of an office in Jeddah by…
HSBC receives Central Bank approval for onshore assets of Lloyds TSB Middle East acquisition
HSBC Bank Middle East Limited has received the UAE Central Bank's approval for its acquisition of Lloyds Banking Group's (Lloyds…
Al Hilal Bank CEO receives Golden Order of Merit
Mohammed Jamil Berro, CEO of Al Hilal Bank, was bestowed the Golden Order of Merit in Wise Banking Management at…