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Albaraka Turk Opens Branch In Iraq
Albaraka Turk Katilim Bankasi AS (ALBRK), a Turkish Islamic bank, opened a branch in Erbil, northern Iraq and plans…
IMF Urges Saudi Arabia To Give Monetary Regulator More Independence
The International Monetary Fund (IMF) has advised the Saudi government that the country’s Banking Control Law (BCL)…
Oman International Bank To End India & Pakistan Operations After Merging With HSBC
Oman International Bank (OIB), which has entered into an agreement with HSBC Middle East is to merge with HSBC…
Bank of Beirut Profit Rises 8.5%
Bank of Beirut reported an 8.54 percent year-on-year increase in net profits at the end of the first quarter of…
Qatar Islamic Bank Financial Strength Rating Affirmed On ‘A’; Negative Outlook
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Qatar Islamic…
Qatar & Abu Dhabi Wealth Funds In Talks With NBNK Over Lloyds Bid
Middle Eastern wealth funds Qatar Holding LLC and Abu Dhabi’s Mubadala Development Co. have held talks with Lloyds…
Central Bank of China To Widen Channels For Capital Outflows
China will widen channels for capital outflows and work toward making the yuan convertible on the capital account,…
Panicos Demetriades To Head Central Bank Of Cyprus
Cyprus named Panicos Demetriades as its central bank governor, an economist who called for Germany to ditch the…
Spain banks To Assume Cost Of Unprovisioned Property Losses
Spain's banking sector, not the government, will assume the cost of any unprovisioned losses on real estate assets…
Russia’s Lavrov: Sanctions On Iran Banks Violate IMF Charter
Russian Foreign Minister Sergei Lavrov says the sanctions imposed against Iran’s banking system violate the charter…