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Lebanese insurers post 25.6% rise in 2011 income
According to Lebanon's Association of Insurance Companies, net profits of insurance companies in... Read full article »
UAE lenders well-prepared for Basel III: Al Suwaidi
The governor of the UAE central bank, Sultan Bin Nasser Al Suwaidi has said the country's banking... Read full article »
GIB names lenders for possible dollar bond
Bahrain-based Gulf International Bank (GIB) has selected six lenders to arrange investor meetings... Read full article »
Lebanon's remittance inflows to remain steady
The World Bank has said Lebanon is set to witness a steady inflow of remittances this year,... Read full article »
Bank Audi, Byblos looking to expand in Iraq, Libya
Lebanon's largest bank, Bank Audi, is planning to launch operations in Iraq next year, while... Read full article »
SABB introduces online foreign currency platform
Saudi lender SABB has announced the launch of a foreign currency portal for corporate clients to... Read full article »
Saudi Hollandi issues $373m sukuk
Saudi Hollandi Bank (SHB), the oldest banking franchise in the kingdom, has announced the... Read full article »
Sharjah Islamic Bank to provide Dhs1bn funding to SMEs
Sharjah Islamic Bank (SIB) has signed an agreement with Ruwad Establishment that will see the... Read full article »
KFH to seek shareholders' nod for 20% capital raise
Kuwait Finance House (KFH), the Gulf country's largest Islamic lender, has announced it is to... Read full article »
Qatar sold Barclays warrants
Qatar Holding has sold the last of the Barclays warrants it had acquired during the financial... Read full article »
Bank Albilad partners with Western Union to launch money transfer service
Saudi lender Bank Albilad has signed an agreement with Western Union to launch Western Union's... Read full article »
Network International acquires majority stake in TimesofMoney
UAE-based card payment processor Network International has said it has acquired a majority stake... Read full article »
Net earnings by GCC lenders drop 24% in Q3
Global Investment House has said GCC banks have seen their net earnings decline by 24% year-on-... Read full article »
HSBC Bank Oman to sell overseas branches
Ewan Stirling, the chief executive of HSBC Bank Oman has said the lender aims to identify buyers... Read full article »
NBAD issues $163m Islamic bond in Malaysia
The UAE's largest lender by market value, National Bank of Abu Dhabi (NBAD), has issued a 500... Read full article »
