Top Swiss bank rolls out expansion in the Middle East
Lombard Odier, one of the oldest and largest Swiss banks is set to expand in the region with the opening…
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UAE banks fail on customer service
Ethos Consultancy has revealed the findings of its 7th Annual Bank Benchmarking Index for service excellence. This year's study…
Bank Audi seeks to expand into Turkey
Lebanon’s Bank Audi is seeking to expand its operations into Turkey’s lucrative banking sector. Pending final approval, Lebanon’s biggest bank…
Shuaa Names Former Credit Suisse MENA Head as CEO
Shuaa Capital's Board of Directors has named Michael Philipp as Chief Executive Officer. The appointment will be effective immediately. Michael…
UAE banks to adopt international numbering
The UAE Central Bank is introducing the International Bank Account Numbers (IBAN) system for all bank customers in the UAE…
Saudi billionaire has $9.2bn freezing order lifted
In what was described as a "significant victory" in his ongoing and bitter legal dispute with members of his wife's…
NBB Announces Third Quarter Results
The National Bank of Bahrain (NBB) announced its financial results for the nine months ended 30 September 2011. The Bank…
HSBC Holdings In Talks To Merge Its Oman Operation
HSBC have confirmed that it is in discussions regarding the possible merger of HSBC's Oman operations with those of Oman…
Citigroup Sues to Block Arbitration of Saudi Investors’ Claim
A Citigroup Inc. unit sued two Saudi investors seeking to block Financial Industry Regulatory Authority arbitration of their $383 million…
Saudi Prince Alwaleed bin Talal on Steve Jobs: Three Apples Changed The World
Saudi billionaire Prince Alwaleed bin Talal Alsaud, a global investor who has owned shares in Apple for 16 years, sent…
Mideast's Unrest Hits Investment Banks
Investment-banking revenues in the Middle East tumbled to the lowest level since 2004 in the third quarter, as the twin…
Sharjah Islamic Bank opens Priority Banking Centre in Abu Dhabi
HE Mohammed Abdullah, CEO of Sharjah Islamic Bank (SIB) has opened the bank's Priority Banking Centre on Sheikh Zayed the…