Recent

César González-Bueno Gulf Bank CEO
July 24, 2016 - 11:58 GMT
Gulf Bank today announced a net profit of KD 20.7 million for the first half of 2016, an increase of 11% or KD 2 million over the same period last year.
Hana Rostamani, Head of Consumer Banking, FGB and Promoth Manghat, CEO, UAE Exchange exchanging signed agreement
July 24, 2016 - 09:43 GMT
In line with its efforts to provide its customers with unique banking products, FGB, one of the leading banks in the UAE, is launching a new service; a convenient cash solution.
HSBC Switzerland is at the center of an international, multi-billion-dollar scandal. (AFP/File)
July 24, 2016 - 07:00 GMT
Yasser Mallawany, an Egyptian businessman with connections to the Mubarak family, may be the "ringleader" in a HSBC banking scandal with $3.5B USD at stake.
UAE Ministry of Finance
July 24, 2016 - 06:38 GMT
The Ministry of Finance (MoF) has reviewed the International Monetary Fund’s (IMF) Article IV Mission to the United Arab Emirates report, which evaluates the UAE’s economic performance in 2016.
Gulf Bank
July 24, 2016 - 06:15 GMT
Gulf Bank held its Al Danah daily draws on 17 July 2016 announcing the names of its winners for the week of 10 July – 14 July 2016.
Labor Minister Sejaan Azzi. (AFP/File)
July 24, 2016 - 05:00 GMT
Lebanon dropped the daily minimum wage by roughly $2.65, and activists are protesting the change.
Lebanon's Shia movement Hezbollah acts as a parallel government in parts of the country, providing a range of social services. (AFP/Rouba El Husseini)
July 21, 2016 - 07:13 GMT
Salameh said the U.S. law must be enforced to keep Lebanon's banks within the global financial system and stabilize the hugely indebted economy as neighboring Syria's civil war hits tourism and growth.
Barclays is divesting its Africa unit as part of a plan to simplify its structure and seek higher shareholder returns. (AFP/Carl Court)
July 20, 2016 - 11:00 GMT
Banks have now been invited to submit bids to takeover Barclays banks in Egypt, with the bank's equity value estimated around $400 million.
The Central Bank of Jordan said that banks can invest up to 10 percent of their capital. (File photo)
July 20, 2016 - 06:30 GMT
The Jordan Investment Fund aims at investing in national development for-profit mega projects in strategic sectors like transportation, energy, water and infrastructure.
OAB Signing Agreement
July 18, 2016 - 10:33 GMT
Oman Arab Bank (OAB) has signed an agreement with the Sultanate’s most trusted insurance company, National Life & General Insurance company, to introduce six new bancassurance products to OAB customers.
United Arab Bank
July 18, 2016 - 06:54 GMT
United Arab Bank P.J.S.C ("UAB" or “the Bank”) announces its Financial Results for the six months ended 30th June 2016.
Bank Nizwa’s Shari’a-compliant auto finance Ramadan campaign extended until July 31st 2016
July 17, 2016 - 12:16 GMT
Bank Nizwa’s auto finance Ramadan Campaign has been well received across Oman by individuals looking to avail of Shari’a-compliant finance solutions to purchase their vehicle of choice.
Despite negative elements, Moody’s noted that the private equity of Lebanese banks will remain stable in general. (File photo)
July 17, 2016 - 10:18 GMT
Moody’s latest report about the credit rating of Lebanese banks, maintained its negative outlook of the local lenders amid a volatile regional situation and lower GDP growth.
According to Euromonitor, the biggest challenge facing Egypt is insecurity. (File photo)
July 17, 2016 - 09:00 GMT
Egypt is already considered a cheap destination and another round of currency devaluation is unlikely to revive tourism specifically without improvements to security, analysts say.
Arabtec reported Dh46.4 million in net losses for the first quarter of 2016, and earlier reported Dh2.3 billion in net loss for the full-year 2015. (File photo)
July 17, 2016 - 07:00 GMT
The facility will provide Arabtec will additional funding to be directly deployed towards delivering ongoing and newly-awarded projects.
Ministry of Finance
July 14, 2016 - 09:58 GMT
The Ministry of Finance (MoF) announces that it will begin implementation of the circular and will withhold July salaries of employees with incomplete or inaccurate national ID details.