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Saudi lenders stop dealing with non-Saudis handling SME money transactions
Banks in Saudi Arabia have stopped dealing with foreigners handling financial transactions of... Read full article »
Banque Libano-Francaise posts 20.6% rise in profits
Lebanese lender Banque Libano-Francaise has reported a 20.6% increase in net profits in the first... Read full article »
HSBC's money laundering fine might hit $1.8bn
HSBC Holdings could pay a fine of $1.8bn as part of a settlement with US law-enforcement agencies... Read full article »
Qatar National Bank launches debt fund
Qatar National Bank (QNB) has launched a debt fund, open for subscription to retail as well as... Read full article »
Expats' remittances from Qatar reached $13bn last year
Qatar's central bank has said the total of remittances by expats working in the country jumped... Read full article »
Citigroup to reduce global workforce by 4%
Citigroup Inc. is to eliminate 11,000 jobs worldwide, in a move to save as much as $1.1bn a year... Read full article »
BankMed posts 4.8% rise in nine-month net income
Lebanese lender BankMed has posted a 4.8% increase in net profits in the first nine months of... Read full article »
Bank Nizwa seeks regulator's nod to invest funds abroad
Oman's central bank is considering a request by the newly-formed Bank Nizwa to deploy their funds... Read full article »
Kuwaiti lenders may have highest bad debt provisions in GCC: Arqaam
Dubai-based investment bank Arqaam Capital has said Kuwaiti lenders may put aside the most money... Read full article »
Qatar to have one regulatory body for lenders, insurers
Qatar has issued a law to set up a single regulatory body to oversee banks, financial services... Read full article »
UAE earmarks Dhs1.49bn to settle, reduce citizens loans
The UAE's Higher Committee of the Nationals Defaulted Debts Settlement Fund has allocated Dhs1.... Read full article »
NCB joins Islamic Banks and Financial Institutions council
Saudi lender National Commercial Bank (NCB) has announced it has become a member of the General... Read full article »
Jordanian banks encouraged to increase dinar deposits
The Jordanian central bank has announced its decision to raise interest rate on overnight window... Read full article »
Oman's Alizz listed on MSM
Muscat Securities Market (MSM) has announced its decision to list Alizz Islamic Bank's shares for... Read full article »
HSBC Bank Oman completes full systems integration
HSBC Bank Oman, which in June was formed after merging Oman International Bank (OIB) with HSBC's... Read full article »
