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Qatar Insurance board approves shares sale
Qatar Insurance has received the board's approval for the sale of shares worth QR488.6m ($134.2m)... Read full article »
OUE plans two new branches in Oman every year
Oman United Exchange (OUE), a joint venture between Oman Holdings International (OHI) and United... Read full article »
Banque BEMO posts 74% drop in Q3 income
Lebanon-based Banque BEMO has said its third-quarter net profits dropped by nearly 74% to LL2.... Read full article »
ADIB plans sukuk issuance to boost capital
Abu Dhabi Islamic Bank (ADIB) is planning to boost its capital through the sale of a Shari'ah-... Read full article »
Qatar Holding to acquire stake in Harrods Bank
Qatar Holding has secured the approval by UK regulators to acquire a controlling stake in Harrods... Read full article »
Gulf Bank posts 5.6% increase in Q3 net profit
Kuwait's fourth-largest bank by market value, Gulf Bank has posted a 5.6% rise in third-quarter... Read full article »
India's Corp Bank seeks regulatory nod to open Dubai branch
Indian public sector lender Corporation Bank is awaiting regulatory approvals to upgrade its... Read full article »
Ahli Bank renews services agreement with AUB
Ahli Bank has extended the technical and management service agreement with Bahrain's Ahli United... Read full article »
UAE banks to struggle to revive lending
Analysts expect UAE lenders to struggle to revive the GCC's lowest loan growth as central bank... Read full article »
Bank of Beirut posts 3.42% increase in profits
Lebanon-based Bank of Beirut has said its unaudited net profits in the first nine months of this... Read full article »
Qatari banks may sell shares to boost lending
Doha Bank and Ahlibank are among lenders seeking to compete with government-controlled Qatar... Read full article »
Qatar in talks to acquire major shares in seven European lenders
Qatar is considering buying major stakes in investment banks in Europe, Al Arabiya has reported.... Read full article »
UBS to trim 16% of global workforce
Swiss lender UBS is set to cut up to 16% of its workforce, or 10,000 jobs, as it contends with... Read full article »
Byblos Bank says third-quarter profits dropped 4%
Byblos Bank has said its unaudited net profits in the first nine months of 2012 dropped by 3.98%... Read full article »
HSBC Oman reports decline in nine-month income
HSBC Bank Oman has posted 4.2% decline in net profit for the nine-month period ended September... Read full article »
