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Lebanon's Banque BEMO posts 19.4% drop in 2012 profit
Lebanese lender Banque BEMO has said its net profits in 2012 fell 19.4% to $5.3m, compared with $... Read full article »
ADCB selects lenders for possible bond sale
Abu Dhabi Commercial Bank (ADCB), the third-biggest UAE lender, has selected banks for a... Read full article »
QNB submits tender offer for NSGB acquisition
The Egyptian Financial Supervisory Authority has said that Qatar National Bank (QNB) has... Read full article »
Barclays to shut down tax advisory unit, trim headcount
British lender Barclays has announced it is to close a profitable but controversial tax advisory... Read full article »
Bank Muscat sees public spending to drive credit growth
Oman's largest lender, Bank Muscat has said its credit growth this year is expected to reach... Read full article »
Bank Sohar completes rights issue
Omani lender Bank Sohar has said the final subscription of its rights issue has been approved by... Read full article »
Qatar General Insurance's net income up 3%
Qatar General Insurance and Reinsurance Co (QGIRCO) has posted a 3% rise in net profit to QR175m... Read full article »
Kuwait International Bank posts $46.7m in net profit
Kuwait International Bank has said its full-year net profit jumped 22% to KD13.2m ($46.7m),... Read full article »
Jordanian insurers postpone floating of car insurance rates
A plan to float the prices of compulsory third-party liability (TPL) car insurance in Jordan has... Read full article »
Arcapita files restructuring plan
Bahraini lender Arcapita Bank has said it had submitted a plan to reorganise the company, Reuters... Read full article »
HSBC to close 'some' Mideast customers' accounts
HSBC has said it is set to close the accounts of some customers in the Middle East and North... Read full article »
Visa posts 30% rise in quarterly profit
Global multinational financial services firm Visa Inc. has reported higher-than-expected... Read full article »
Iran's Bank Saderat taken off the EU sanctions list
Iran's Bank Saderat has said it has been removed from the European Union's sanctions list, Fars... Read full article »
HSBC's 'complex structure' not fit for a modern world: CEO
Stuart Gulliver, the chief executive of HSBC, has said the bank's biggest ever restructuring had... Read full article »
Qatari lenders reported over $4.38bn in net profits
Qatari banks have reported a combined net profit of over QR16bn ($4.38bn) in 2012, up from QR14.... Read full article »
