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Banks
BAJ Q2 Net Income Rises To SR 129 M
Bank AlJazira (BAJ) has announced the annual consolidated financial results for the year ended June 30, 2012. Net…
Saudi Banking Stocks Offer Hope; Petchem ‘Vulnerable’
The Kingdom’s banks have posted robust second-quarter earnings and analysts see upside for their stocks given…
HSBC Bank Holds First Board Meet
HSBC Bank Oman SAOG held its first Board of Directors’ meeting under the chairmanship of Simon Cooper, CEO of HSBC…
South Korea Central Bank Cuts Rates In Shock Move, More To Come
The Bank of Korea finally joined the global rush to ease monetary policy on Thursday, cutting its benchmark rate…
Brazil Cuts Rate For 8th Time As Recovery Falters
Brazil cut its benchmark interest rate to a record-low 8 percent on Wednesday as policymakers scramble to revive an…
NCB’s Net Income Reached SR3,562m In The First Half Of 2012
The National Commercial Bank announced that net income for the first half of 2012 reached SR3,562m compared to…
Bank Of Japan Affirms Recovery, Stands Pat
The Bank of Japan on Thursday reaffirmed its view that the economy will keep to a moderate recovery despite high…
Al Baraka Islamic Bank To Sign Islamic Finance Contract Worth EGP 200 Mln With SFD
Al Baraka Islamic Bank plans to sign a sharia-compliant finance contract worth EGP 200 million with the Social Fund…
NBE, Banque Misr To Acquire Ruling Share In Two Factories
The National Bank of Egypt (NBE) and Banque Misr will acquire a ruling share in two factories for food industries…
Spain Will Have To Cede Most Control Of Banks
Spain will likely have to cede most control over its banks to Europe in exchange for assistance, according to a…