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Mashreq posts 60% surge in 2012 profit
UAE-based Mashreq Bank has said its net profits for last year jumped 60% year-on-year to Dhs1.3bn... Read full article »
UAE may ease new mortgage law
The UAE central bank has said the new restrictions on mortgages may be changed after protests by... Read full article »
Abu Dhabi Commercial raises $1.5bn
Abu Dhabi Commercial Bank (ADCB) has raised a combined $1.5bn through the placement of a rare... Read full article »
Commercialbank registers 7% growth in net income
Qatari lender Commercialbank has said its 2012 net profit rose 7% to QR 2.01bn, compared with... Read full article »
Masraf Al Rayan approves Libyan bank acquisition
Qatari lender Masraf Al Rayan has said its shareholders have approved the acquisition of a... Read full article »
Qatar's commercial banks report 26% jump in deposits
Qatar's central bank has said total assets managed by commercial banks operating in the country... Read full article »
Oman's CMA to push for banks' consolidation
Oman's Capital Market Authority (CMA) has called for consolidating the country's crowded... Read full article »
Qatar Holding hires UBS for possible $3bn Russian lender deal
Qatar's sovereign wealth fund has hired UBS to advise on a possible $3bn investment in Russian... Read full article »
Bank Muscat says prepaid travel cards compromised
Oman's biggest lender, Bank Muscat, has said that 12 of its prepaid travel cards had been... Read full article »
Omani lenders deny merger rumours
Omani lenders Bank Sohar and BankDhofar have denied market rumours about their merger, Muscat... Read full article »
QNB receives Egypt's nod for NSGB buyout
Qatar National Bank (QNB) has received the approval of Egypt's financial regulator to acquire... Read full article »
ADCB sets price guidance for bond sale
Abu Dhabi Commercial Bank (ADCB) has released early price guidance for a two-part bond offering,... Read full article »
Credit in Kuwait grows highest since 2009
The National Bank of Kuwait (NBK) has said credit in the Gulf country grew by 5% in 2012, the... Read full article »
Oman banks report 13% rise in deposits
Oman's central bank has said that total deposits, comprising rial and foreign currency deposits,... Read full article »
ICBC Mideast unit posts 69% jump in profit
The world's biggest lending bank, the Industrial and Commercial Bank of China, has announced its... Read full article »
