NBO’s Q1 net jumps 24 per cent
National Bank of Oman (NBO) achieved a net profit of RO 9.6 million for the three months ended March 31,…
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BankMuscat ranked 300 among top global banking brands
BankMuscat, the flagship financial institution in the Sultanate, has moved up again to reinforce its ranking at 300 among the…
Abu Dhabi's Sorouh Q1 net profit up 30 percent
Abu Dhabi's Sorouh Real Estate SOR.AD, which is in merger talks with larger rival Aldar Properties ALDR.AD, posted a 30…
HSBC acts as Lead Financier in Mannai Corporation acquisition of Damas
HSBC has announced that it acted as a Lead Financier for Mannai Corporation QSC on its successful bid to acquire…
NBNK talking to Middle East sovereign wealth funds: source
New banking venture NBNK has held talks with Middle Eastern sovereign wealth funds to bolster its bid for 632 Lloyds…
Doha Bank wins prestigious award
Doha Bank, one of the leading banks in Qatar, has won the “prestigious” Golden Peacock Global Award 2012 for corporate…
DIB net profit rises 11% in Q1 2012
Dubai Islamic Bank (DIB) on Sunday reported a net profit of Dh245 million for the first quarter of 2012, an…
Warba Bank funds announces first residential project in the United States
Warba Banka has announced the conclusion of a financing deal to purchase a property and develop it into a multi-family…
Libyan wealth fund to appeal against asset seizure in Italy
Libya's sovereign fund said on Thursday it would appeal to recover around 1.1 billion euros of assets, including stakes in…
Top Mideast lender may own majority of new bank with EFG-Hermes
EFG-Hermes Holding SAE said Qatar’s QInvest LLC may hold a majority stake in a planned investment bank that would take…
Cluttons raise confidence in Abu Dhabi finance market, with the delivery of professional valuation advice
Cluttons discuss the importance of valuation standards to financial and investment organisations, and why an inability to accurately understand "market…
Emirates NBD wary of central bank loan rules
Emirates NBD is wary of new regulations limiting loan exposures to state-linked entities, Dubai’s largest lender said yesterday, after posting…