Iran sentences four to death over banking scandal
An Iranian court has sentenced four people to death for their roles in a billion-dollar banking fraud scandal that forced…
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Azerbaijan bank plans Qatar presence
Azerbaijan’s largest lender, International Bank of Azerbaijan, plans to have an Islamic banking subsidiary in Qatar by the end of…
Bahrain firm turns to ringgit sukuk markets
Another Gulf borrower is turning to diversify its funding sources to the ringgit sukuk market. Bahrain Mumtalakat Holding is believed…
49% increase in Israeli private equity activity in H1/2012
The following are the findings of the IVC-GKH Quarterly Private Equity (PE) Survey conducted by IVC Research Center, which…
UBS Second-Quarter Net Falls 58% on Investment-Banking Loss
UBS second-quarter pre-tax profit CHF 951 million; wealth management businesses' net new money inflows increased to CHF 13.2 billion; industry-leading…
Lloyds TSB Private Banking appoints head of HNW Middle East from Barclays
The Private Banking arm of Lloyds Banking Group has secured Anthony Valgimigli to head its high net worth business…
Masraf Al Rayan launches brokerage firm
Masraf Al Rayan, Qatar’s fourth largest bank by market value, has launched a subsidiary brokerage firm to buy and sell…
UAE- CBI posts 154% jump in H1 profit as deposits, loans up
Commercial Bank International, or CBI, declared a significant 154 per cent jump in its net profit on Sunday for the…
Bahrain SWF Mumtalakat names new CFO
Bahrain's sovereign wealth fund, Mumtalakat, has appointed Tony Robinson as its new chief financial officer, it said in a statement…
Dubai's DIFC Authority to split into two entities
The Board of Directors of the Dubai International Financial Centre Authority (DIFCA) today announces changes to its structure and…
World’s Richest Gain $15.2 Billion as Global Markets Rise
The richest people on the planet added $15.2 billion to their collective net worth this week as global markets rose…
Jordan's Arab Bank Group profits rise
Arab Bank Group achieved net profit after tax and provisions of $360.3m for the first half of the year…