NBAD gets recognition from International Takaful Awards
The National Bank of Abu Dhabi (NBAD) has been awarded the Best Asset Management House in Middle East by International…
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Bank of Bahrain and Kuwait said to expand into India
Bank of Bahrain and Kuwait BSC plans to expand into India after obtaining licenses to open two branches with a…
Gulf bank results reflect state spending
Bank results in the second quarter highlighted the divergent performances of lenders across the Gulf, as high provisioning still weighs…
Standard Chartered appoints Oman CEO
Lamin Manjang, the current CEO and managing director of Standard Chartered bank Uganda has been appointed as the Chief Executive…
Wealth Management Outsourcing: A Global Market Perspective
In the aftermath of the financial crisis, wealth management firms are facing a number of challenges, including having to lower…
JPMorgan names new Saudi Arabia investment bank head
JPMorgan Chase & Co has appointed Rayan Fayez as the head of its investment banking business in Saudi Arabia, the…
Top UAE lenders beat Q2 estimates, raise hopes
The three largest lenders in the UAE have posted estimate-beating second-quarter profit as increased net interest and Islamic financing income…
Deutsche Bank sees end of ‘sukuk premium’
The ‘sukuk premium’ - the additional cost which borrowers must pay to issue an Islamic bond instead of a conventional…
Banking on a mobile future in the Middle East
The financial services sector is facing some of its toughest trading conditions ever. It would appear that customers have become…
Insurance key as new investment frontiers open up
Political risk insurance against conflict or breach of contract has become a key factor for investors seeking higher returns in…
Bank Sohar first half profit soars
Delivering yet another quarter of sustained growth, Bank Sohar's net profit for the six months ended June 30 grew by…
Societe Generale Securities Services appointed by ITG in Egypt
Societe Generale Securities Services (SGSS) has been appointed by ITG to act as its settlement agent bank in Egypt.…