Saudi shares gain profits
Saudi Arabian shares rose after signs of an improving U.S. economy and progress on a bailout for Greece bolstered…
Dubai Inflation down
The monthly consumer prices inflation rate in Dubai dropped 0.94 per cent in January 2012 compared to December…
SWIFT ready to block Iranian Banks
Belgium-based SWIFT, which provides banks with a system for moving funds around the world, bowed to international…
BofA Said to Freeze Moynihan’s Salary as Stock Awards Decline
Bank of America Corp. cut Chief Executive Officer Brian T. Moynihan’s compensation for 2011, granting him no cash…
Yen tumbles After BOJ Monetary Easing
The yen fell against all its most- traded counterparts after the Bank of Japan said it would increase the size of…
China c.bank says alert to systemic stability risks
China will make every effort to prevent systematic or regional risks to financial stability in 2012, the…
UBS Said to Apply for Immunity in Libor Probe, Suspend Traders
UBS AG, Switzerland’s biggest bank, sought immunity from prosecution by Canadian regulators probing a potential…
SocGen Fourth-Quarter Net Drops 89% on Investment Bank Loss
Societe Generale SA, France’s second-largest bank, said fourth-quarter profit fell 89 percent as the investment…
Barclays Starts U.K. Mobile Phones Service to Transfer Money
Barclays Plc, the U.K. bank led by Robert Diamond, today begins a service to enable its 11.9 million checking…
Bank of Sharjah strengthens structure of its balance sheet and enhance its liquidity…
Bank of Sharjah managed to strengthen the structure of its balance sheet and enhance its liquidity position. Total…
