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Saudi Arabia's Alinma Bank reports 70% increase in net profit
Saudi lender Alinma Bank has posted a 70% surge in net profit in 2012 to SR733m, compared with... Read full article »
Oman United Insurance posts 138% surge in net income
Oman United Insurance Co (OUIC) has reported a 138% surge in full-year net profit to OR2.6m from... Read full article »
Lebanese banks told to set up compliance departments
The Lebanese central bank has instructed all banks and financial institutions operating in the... Read full article »
Remittances by Egyptian, Syrian expats fell 30% in 2012
Volume of remittances by Egyptian and Syrian residents in Saudi Arabia has been hit by political... Read full article »
Amlak in talks with creditors to restructure $2bn debt
UAE-based Islamic mortgage lender Amlak Finance is in talks with creditors to restructure about $... Read full article »
SABB 2012 profit jumps to SR3.24bn
The Saudi British Bank (SABB) has said its net profit for the year ended December 31, 2012, rose... Read full article »
NCB posts 7.3% rise in 2012 net income
Saudi Arabia's National Commercial Bank (NCB) has posted a 7.3% increase in full-2012 net profit... Read full article »
Meethaq to launch operations next week
The central bank of Oman has issued the necessary approval for the Islamic banking arm of Bank... Read full article »
Loans to Lebanese SMEs fell 16.4% last year
Loan guarantees to Lebanese small and medium sized enterprises by loan guarantee company Kafalat... Read full article »
Doha Bank to increase capital
Qatar's fifth-largest lender by market value, Doha Bank, has announced plans to raise its capital... Read full article »
Morgan Stanley to cut Dubai jobs
The sixth-biggest US bank by assets, Morgan Stanley, is trimming staff at its Dubai office,... Read full article »
BofA to step up GCC lending
Bank of America Merrill Lynch (BofA) has said it plans to increase lending to businesses in the... Read full article »
Jordanian insurers predict losses to hit JD20m in 2012
Jordan Insurance Federation (JIF) has said the sector's losses in 2012 is expected to reach... Read full article »
QNB posts 11% increase in full-year net income
Qatar National Bank (QNB) has said its fourth-quarter net profits remained flat, compared with... Read full article »
Kuwait's $110bn spending plan seen to accelerate private sector lending
Kuwaiti private sector borrowing, boosted last year by a jump in consumer loans, may accelerate... Read full article »
