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Consumer lending to accelerate in UAE

UAE lender Mashreq has said consumer lending, which expanded at between 6-7% in the first half of... Read full article »
United Arab Emirates: Monday, August 27 - 2012 at 12:20

S&P revises Oman United Insurance's outlook

Standard & Poor's has revised its outlook on Oman United Insurance Co (OUIC) to 'positive' from '... Read full article »
Oman: Sunday, August 26 - 2012 at 09:40

HSBC in talks with US over money laundering claims

HSBC Holdings, which is under investigation by US regulators for laundering funds of sanctioned... Read full article »
Iran: Saturday, August 25 - 2012 at 10:11

RBS investigated over possible Iran sanctions violations

Royal Bank of Scotland has become the latest financial institution to come under investigation by... Read full article »
Iran: Thursday, August 23 - 2012 at 11:44

Shanfari Group CEO buys 25% stake in Bulgarian bank

The Bulgarian National Bank (BNB),the country's central bank, has announced the vice chairman and... Read full article »
Oman: Thursday, August 23 - 2012 at 09:45

Defunct Lebanese bank denies connection to Hezbollah

The defunct Lebanese Canadian Bank has denied US claims that it had any connection to Hezbollah,... Read full article »
Lebanon: Wednesday, August 22 - 2012 at 10:16

UAE banks filling gap left by European lenders

Although lending by UAE banks grew just 1.8% in June from the end of December, most local banks... Read full article »
United Arab Emirates: Wednesday, August 22 - 2012 at 10:10

Al Baraka to provide Shariah-compliant finance to Egypt projects

Bahrain-based Al Baraka Banking Group has signed the first Islamic partnership contract to... Read full article »
Bahrain: Wednesday, August 22 - 2012 at 10:08

Deutsche Bank's business with Iran under scrutiny

Germany's largest bank Deutsche Bank is being investigated by US officials over ties to Iran and... Read full article »
Iran: Tuesday, August 21 - 2012 at 09:45

Al Ansari plans expansion in GCC

The UAE's largest money exchange network, Al Ansari Exchange has unveiled plans to expand its... Read full article »
Middle East: Tuesday, August 21 - 2012 at 09:44

Kuwait central bank provides list of blacklisted banks

The Kuwaiti central bank has provided Kuwaiti banks and exchange companies with the updated list... Read full article »
Kuwait: Tuesday, August 21 - 2012 at 09:40

Orix eyes stake in Dubai life insurance firm

Japan-based Orix Corp is in talks to spend about $400m to buy a stake in a Dubai-based life... Read full article »
United Arab Emirates: Tuesday, August 21 - 2012 at 09:34

Egypt's CIB posts 18% rise in Q2

Egypt's Commercial International Bank (CIB) has posted an 18% rise in second-quarter net income,... Read full article »
Egypt: Thursday, August 16 - 2012 at 10:40

Al Izz Islamic Bank could float IPO next month

The initial public offering (IPO) of Al Izz Islamic Bank, the second Islamic financial... Read full article »
Oman: Thursday, August 16 - 2012 at 10:39

BNP Paribas to seek preliminary bids for Egyptian retail arm

French lender BNP Paribas will seek preliminary bids for its Egyptian retail banking business in... Read full article »
Egypt: Wednesday, August 15 - 2012 at 10:07
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