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Saudi bank to expand into Jordan
Saudi-based Al-Rajhi Bank has received approval from Jordanian authorities to start banking... Read full article »
Bahrain's Venture Capital posts $11m profit in '09
Bahrain-based Venture Capital Bank has posted $11m in net profit for 2009, while total income... Read full article »
Standard Chartered names new CEO for Middle East
London-based Standard Chartered has appointed V. Shankar as chief executive officer for the... Read full article »
Rules on post-dated cheques to change in Qatar
Post-dated cheques are set to lose legal protection in Qatar under a 2006 law that will come into... Read full article »
Amlak, Tamweel restructuring plan in final stages
Sultan Bin Saeed Al Mansouri, the UAE's minister of economy has said that the restructuring plan... Read full article »
Al Hilal licensed to operate in Kazakhstan
UAE-based Islamic lender Al Hilal Bank has been granted an official licence to open Kazakhstan's... Read full article »
UAE banks' loan-deposit gap widens to $16bn
Data from the UAE's central bank has indicated that overall loans by banks in the country have... Read full article »
NBAD sells five-year bond worth $750m
The National Bank of Abu Dhabi (NBAD) has sold a five-year benchmark bond worth $750m, priced at... Read full article »
Report: Kuwaiti banks to sue Saad, Algosaibi
After months of negotiations with the two troubled Saudi groups, a number of Kuwaiti banks have... Read full article »
NBAD may take more provisions in Q1
Michael Tomalin, CEO of National Bank of Abu Dhabi, has said the bank may book more provisions in... Read full article »
Bank of Alexandria net profit rises 29%
Egypt's Bank of Alexandria, a subsidary of Italy's Intesa Sanpaolo, said net profit for 2009 rose... Read full article »
Kuwaiti bank changes name
The Kuwaiti cabinet has approved a bill to change the name of the Bank of Kuwait of the Middle... Read full article »
Mashreq shareholders approve hiking euro note size
UAE-based Mashreqbank has announced that its shareholders have approved a plan to raise the size... Read full article »
NBAD may sell benchmark bond
The UAE's second-biggest bank by assets, National Bank of Abu Dhabi, is set to meet with... Read full article »
Emirates NBD launches Mena fund
Emirates NBD has announced the launch of the Emirates Mena Fixed Income Fund, which aims to... Read full article »
