Ajman Bank profit up 75%
Ajman Bank on Thursday reported a net profit of Dh7 million for 2011, up 75 per cent from the Dh4…
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Top UAE bank sees growth in wealth, private banking business
ABU DHABI: National Bank of Abu Dhabi, the UAE’s largest lender by market value, expects slower loan and deposit growth…
UAE, Qatar stop trade finance to Iran over sanctions
The central banks of UAE and Qatar have told lenders to stop financing trade with Iran, bankers said on Thursday,…
Carlyle says Middle East chief stepping down
Carlyle Group, the Washington-based buyout firm seeking to go public, said the head of its Middle Eastern and North African…
Bank of Baroda opens 8th e-banking unit
The 8th electronic banking service unit (EBSU) of Bank of Baroda was inaugurated by Dr Rashid Al Leem, director general,…
KPMG strengthens presence in MESA region
KPMG Middle East and South Asia (MESA) have recently appointed Suhael Ahmed as the Chief Operating Officer and Head of…
Global law firm continues expansion in Dubai with latest hire
The global law firm Jones Day has has announced that it has continued the expansion of its Dubai Office with…
Gibson Dunn adds corporate partner to Dubai office
Plahe's addition follows Chézard Ameer who joined the firm's Dubai office as a corporate partner from Ashurst in October 2010…
Mashreq incurs decline in assets
Mashreq, one of the UAE’s leading National financial institutions reported a net profit of AED820 million for the year ended…
UBS Said to Appoint Mahmoud Abdulhadi as CEO in Saudi Arabia
UBS AG, Switzerland’s biggest bank, appointed Mahmoud Abdulhadi as chief executive officer in Saudi Arabia. Abdulhadi will replace Mohamed Sammakia,…
Societe Generale to Close Private Banking Office in Bahrain
Societe Generale will move its private banking office in Bahrain to the United Arab Emirates as the French lender seeks…
Bank of Baroda opens unit at Hamriyah Free Zone
Bank of Baroda has opened its eighth electronic banking service unit, or EBSU, at Sharjah’s Hamriyah Free Zone, or HFZ,…