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Al Rajhi posts Q4 profit
Saudi Arabia's largest lender, Al-Rajhi Bank, has reported a 3.2% rise in fourth-quarter profit,... Read full article »
EFG-Hermes eyes to sell Bank Audi stake
Egypt-based EFG-Hermes Holding SAE has said it is in talks to sell its four year-old $913.4m... Read full article »
Syria: Foreigners can own majority bank stakes
Adib Mayaleh, the governor of the Syrian central bank has announced that foreign investors will... Read full article »
GCC banks up bad debt provisions
Kuwait Financial Centre (Markaz) has said that provisions taken by GCC-based lenders against bad... Read full article »
Three new banks to begin operations in Jordan
A Jordanian official has announced that Jordan Dubai Islamic Bank, National Bank of Abu Dhabi and... Read full article »
Burgan Bank gets OK to boost capital
Kuwait's Burgan Bank has announced that shareholders and the central bank have given their... Read full article »
Oman banks have surplus for lending, says CB governor
Hamud Al-Zadjali, governor of Oman's central bank, has said that banks in the Sultanate are ready... Read full article »
Saudi banks hit by lending slowdown, provisions
Fourth-quarter earnings posted by two Saudi lenders were below forecasts, due to a slowdown in... Read full article »
Burgan ups stake in Iraqi bank
Burgan Bank, the commercial banking arm of investment firm Kuwait Project Co (KIPCO), has... Read full article »
Global investment House to sell China asset
Kuwait-based Global Investment House has announced it will use proceeds from the sale of its $... Read full article »
Sama: Saudi banks foreign assets up SR45bn
According to figures by the Saudi Arabian Monetary Agency (Sama), banks in the kingdom witnessed... Read full article »
Amlak to make Sukuk repayment
HSBC bank, the paying agent for Amlak has said the Islamic mortgage lender will make the next... Read full article »
Ajman Bank announces new CEO
Mubashar M. Khokhar, former CEO of Mashreqbank's Badr Al Islami has taken the position of Ajman... Read full article »
Jordan Post, Empost agree money orders deal
Jordan Post and the Emirates Post have signed a postal money orders agreement to ease financial... Read full article »
PNB receives DIFC licence
India's top ranked nationalized lender, Punjab National Bank (PNB) has received a licence to... Read full article »
