Barclays Seeks 25% Revenue Growth in Middle East, Africa
Barclays Plc, Britain’s second- biggest bank, is seeking to boost revenue from the Middle East and North Africa by as…
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CIB's first-quarter net jumps 64 percent as provisions decrease
Commercial International Bank, Egypt's biggest private bank by assets, said on Wednesday that first- quarter net income leapt 64 percent…
IDB forum promotes trade partnerships
Malaysian Prime Minister Najib Tun Razak opened an investment forum in Kuala Lumpur, which is being organized by Islamic Development…
Lend-Slide: Top UAE banks lending falls
Lending by the UAE’s biggest banks is falling short of industry estimates as slower growth in the second-largest Arab economy…
Saudi banks have a moral obligation to society
In the private sector of most developed countries, large corporations play an essential role in contributing in many ways to…
Saudi bailout won't avert crisis in Egypt over Islamic banking
The CBE has so far refused to issue new Islamic banking licences. A report in the Egyptian newspaper al-Shark al-Awsat…
Qatar picks five banks for sovereign sukuk – sources
Qatar has mandated five banks to help arrange a new sovereign sukuk, four sources familiar with discussions said on Thursday,…
Scandal Be Damned: Murdoch Banks $310 Million Thursday After News Corp. Profits Jump
The phone hacking scandal at Rupert Murdoch‘s News Corp. continues to chip away at the company’s bottom line — it…
Rothschild in major Middle East scale back
NM Rothschild & Sons is cutting its Middle Eastern staff by more than half in a significant change of strategy…
Bahrain to launch new cheque clearing system
The Central Bank of Bahrain (CBB) and the Benefit Company, which operates the cash machine (ATM) network in the kingdom,…
United Arab Bank signs agreement to recruit more UAE nationals
United Arab Bank, the fastest growing bank in the UAE, today took another step towards cementing its leadership position in…
PCCW Global and ITC sign strategic alliance agreement
PCCW Global, an operating division of HKT, Hong Kong's premier telecommunications service provider, and Iraq's Investment & Technology Group Company…