Burgan Bank wins “Best Private Bank in Kuwait 2012”
Burgan Bank has announced that it has received the coveted "Best Private Bank in Kuwait" award by Capital Finance International,…
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NBK's net profit reaches $814.4 million in 9 months
National Bank of Kuwait (NBK), claimed to be the largest Kuwaiti bank and the highest-rated in the Middle East, reported…
Finacle Global Banking Innovation Awards Announces 2012 Winners
BAI and Infosys have bestowed the most innovative banks in the world with the prestigious 2012 BAI – Finacle…
IIRA reaffirms credit ratings of Bahrain Islamic Bank and assigns fiduciary score
Islamic International Rating Agency (IIRA) has reaffirmed ratings of Bahrain Islamic Bank (BIsB or 'the bank') at BBB (Triple…
Al Hilal Bank signs up for new Etisalat Data Centre
Etisalat's new state-of-the-art data centre in Jebel Ali has welcomed its first customer, with leading UAE bank Al Hilal…
Old Mutual upbeat about its US prospects after asset sale
OLD Mutual’s US-based asset management business has accelerated plans to improve its operating margin following the announcement that it…
BofA names MENA investment banking co-heads
Bank of America Merrill Lynch has appointed co-heads for its corporate and investment banking business in the Middle East and…
First of its kind augmented reality banking app announced by Noor Islamic Bank
Noor Islamic Bank has announced its new augmented reality 'Bank In Your Hand' smartphone and tablet app, the first of…
Leading Swiss Private bank to slash 10,000 jobs
The Swiss banking giant UBS could shed 10,000 jobs in the near future, according to a report on Saturday…
Erste Group makes Istanbul a hub
Austria’s largest bank Erste is expanding its operations in Turkey, which it views as a strategic growth opportunity. The bank,…
Shearman & Sterling Honored at IFLR's 2012 Middle East Awards
Shearman & Sterling was a big winner at International Financial Law Review's 2012 Middle East Awards in Dubai. …
QIIB issues $700 million Sukuk
Qatar International Islamic Bank (QIIB) will issue a $700 million sukuk on Thursday, arranging banks said, and has revised…