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Burgan Bank close to buying 70% Eurobank Tekfen stake
Kuwaiti lender, Burgan Bank is close to signing an agreement to buy EFG Eurobank's 70% stake in... Read full article »
Qatar, IDB, Albaraka sign deal to launch $1bn Islamic bank
Saudi-based Islamic Development Bank (IDB), Saudi lender Dallah Albaraka Group and Qatar have... Read full article »
Fitch Ratings upgrades Tamweel to BBB+ with 'stable' outlook
Fitch Ratings has upgraded UAE-based Islamic lender, Tamweel's Long-term Issuer Default Rating (... Read full article »
Jordan rejects cap removal on auto insurance prices
Jordan's Consumer Protection Society (CPS) has rejected proposals to liberalise the prices of... Read full article »
Firm reports 1.5m credit card numbers stolen, dropped by Visa
Visa Inc. has dropped payment processor Global Payments Inc. from its list of approved service... Read full article »
BankMuscat extends opening in eight Oman branches
Oman's BankMuscat has extended timings to provide evening banking in eight branches across the... Read full article »
Interest rate cut to hit Omani bank profits
Analysts have said the recent decision of Oman's central bank to reduce interest rate ceiling on... Read full article »
MasterCard, Visa admit potential security breach
MasterCard, Visa and Discover Financial Services announced they have been victims of a potential... Read full article »
Most Lloyds staff to retain jobs following HSBC Middle East takeover
HSBC Bank Middle East, which has agreed to acquire Lloyds Banking Group's UAE operations, has... Read full article »
FNC calls for UAE Shariah banking to be standardised
The UAE's Federal National Council (FNC) has called for enacting a 27-year legislation aimed at... Read full article »
Standard Chartered sees 3.5% GDP growth for Lebanon
Standard Chartered has said Lebanon's GDP is seen to grow by 3.5% in 2012, up from a growth rate... Read full article »
HSBC set to buy Lloyds' UAE retail bank arms
Europe's biggest bank, HSBC has announced it is to buy the onshore UAE retail and commercial... Read full article »
Standard template launched for Islamic profit rate swaps
Bahrain-based International Islamic Financial Market (IIFM) and the International Swaps and... Read full article »
Dubai Islamic Bank repays $750m sukuk alone
Dubai Islamic Bank (DIB) has said it has repaid a $750m, five-year Islamic bond which matured on... Read full article »
Abu Dhabi Commercial Bank seeks 10% share buyback over six months
Abu Dhabi Commercial Bank (ADCB) has announced it will seek shareholders' approval to buy back as... Read full article »
