US investigates UniCredit over sanctions
Unicredit has confirmed it is co-operating with a US investigation into a possible breach of sanctions. The bank…
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Israel's Harel to buy Eliahu's life insurance business
Israel's Harel Insurance Investments and Financial Services has agreed to buy the life and health insurance activities of Eliahu…
Tough time for foreign banks in Kuwait
Banking sources said that the majority of foreign banks in Kuwait have had little success since the first HSBC…
Dubai property valuations drop 26% in H1
The total value of properties requested for valuation in Dubai during the first half of 2012 fell by over a…
GCC’s Biggest Banks By Assets
The top 50 banks' consolidated assets grew by a higher 9.1 per cent in 2011 to $1.2 trillion, compared to…
Standard Chartered appoints new group head of wholesale banking geographies
Standard Chartered has appointed former Deutsche Bank head of global corporate banking coverage Alex Manson as its group head…
Bank Audi to Start Turkish Operations by October
Lebanon’s Bank Audi Sal-Audi Saradar Group, which will operate in Turkey under the name Odea Bank, will open its first…
Bahrain on growth path
Bahrain's economy is seeing a revival with gross domestic product (GDP) posting strong growth this year, according to an…
Gulf Bank Wins 2012 J.P. Morgan Quality Recognition Award
Gulf Bank has announced that it has received the 'J.P. Morgan Quality Recognition Award' for its operational excellence in…
Dubai voted 13th most important city in the world
Dubai has been voted as the 13th most important global city and the eight fastest growing city in importance for…
Commerzbank admits Iran sanctions investigation
Germany’s second-largest lender has become the latest bank to be caught up in a US investigation into sanctions-busting by…
Kuwait-linked bank buys $52m UK retail asset
Gatehouse Bank, the UK subsidiary of Securities House Kuwait, said on Tuesday it is the new owner of the Debenhams…