New bank opens to maintain Saudi investments in Egypt
A new bank will be established in Egypt to “maintain the safety of the assets of Saudi investments and support…
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Hedge funds hold their own in August
In one whiplash inducing week on Wall Street, markets have experienced some of the most extreme consecutive pricing swings on…
Capital Bank launches a smartphone-compatible version of its website
In keeping with global IT trends, Capital Bank recently launched a smartphone-compatible version of its website in order to provide…
Huge Lay-Offs Plague Western Banks – Are Middle East Banks Next?
The world's most expensive bailouts have failed to save European and North American banking jobs, according to a new report…
HSBC names new Senior Manager of Marketing in Qatar
HSBC Bank Middle East has announced the appointment of Maisa Taha as the Senior Manager of Marketing in Qatar. Maisa…
Global financial turmoil casts shadow over recovery of sukuk market
The cost of insuring Islamic bonds has risen to a six-week high as global financial turmoil threatens a regional recovery…
Delancey, Qatari Diar make London Olympic village site acquisition
UK developer Delancey Estates and a unit of Qatar's sovereign wealth fund have agreed to acquire the athlete's village in…
BMI Bank appoints new chief risk officer
BMI Bank has appointed Isa Hasan Maseeh as its chief risk officer. In his new role, Mr Maseeh, a Bahraini,…
Egypt's EFG-Hermes sees Q2 net profit fall by 19%
EFG-Hermes, Egypt's biggest investment bank, said on Sunday its net profit for the second quarter of 2011 fell 19 percent…
Credit Agricole to shut Bahrain office
Credit Agricole is to close its office in Bahrain and move its staff to Dubai, International Financing Review (IFR) said…
Barwa reports robust 51% jump in net profit
Qatar's Barwa Real Estate Company said on Sunday that its first half net profit rose by just over 50 percent…
Islamic finance industry needs consolidation
One of the most overused words in Islamic finance is consolidation. Islamic banks, leasing companies and Takaful companies need to…