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Burgan Bank eyeing buyout opportunities in Egypt
Kuwait's Burgan Bank has said it is considering potential acquisitions in Egypt to boost its... Read full article »
Riyad Bank posts $254m in Q1 net income
Saudi lender Riyad Bank has reported a 5.5% increase in its net income in the three months ended... Read full article »
Moody's assigns 'Ba2' rating to Al Madina Insurance
Moody's Investors Service has assigned a first-time 'Ba2' insurance financial strength rating (... Read full article »
Doha Bank opens representative office in Australia
Qatari lender Doha Bank has announced the opening of its Australia representative office in... Read full article »
Omani banks urged to achieve higher nationalisation levels
Oman's central bank has urged lenders in the country to increase the level of workforce... Read full article »
Saudi banks shifting focus to retail lending: Samba
Samba Financial Group has said that credit growth in the kingdom is expected to slow next year... Read full article »
Arab lenders' assets to grow 13% in 2013
The Union of Arab Banks (UAB) has said the total assets of Arab lenders are expected to jump 13%... Read full article »
Kuwaiti lawmakers approve $2.6bn debt relief bill
Kuwait parliament has passed a bill requiring the government to buy KD744m ($2.6bn) in private... Read full article »
CBQ plans bond sale
Commercial Bank of Qatar (CBQ), which plans to acquire a majority stake in Turkish lender... Read full article »
Standard Chartered posts 20% jump in UAE consumer loans in 2012
Standard Chartered has said its consumer-banking assets in the UAE grew almost 20% in 2012, as... Read full article »
Barclays Egypt plans 10% network expansion in 2013
Barclays Bank Egypt has announced plans to add branches in the country in 2013 and may consider... Read full article »
SIB to issue dollar Islamic bond
Sharjah Islamic Bank (SIB) is planning to sell dollar-denominated sukuk after offerings of the... Read full article »
Oman's Falcon Insurance in merger talks
Oman-based Al Anwar Holding has said its subsidiary, Falcon Insurance Co has signed a memorandum... Read full article »
Standard Chartered says Mideast lenders should step up CSR activities
Standard Chartered has said financial institutions in the region, especially banks, have to prove... Read full article »
NBF repays Dhs643m loan
The National Bank of Fujairah has repaid a Dhs643m ($175m) subordinated loan to the UAE finance... Read full article »
