HSBC, BNP Said To Agree To Profit-Sharing Loan To Drydocks
HSBC Holdings Plc (HSBA) and BNP Paribas SA (BNP) are among banks extending a $1.5 billion so-called profit…
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Banks
Bankdhofar’s Rating Upgraded
Credit rating agency, Capital Intelligence (CI), brought good news to BankDhofar recently when it affirmed the…
Saudi Banks’ Net Profits Up Strongly In 7 Months
Saudi banks netted more than SR21 billion in the first seven months of 2012 as lending continued to gain momentum…
Barclays Makes GBP500 Million Betting On Food
Barclays PLC , has made as much as half a billion pounds in two years from speculating on food staples such as…
Bank Muscat’s ‘Borrow Wisely’ Campaign Evokes Strong Response
Leading media persons and social dignitaries have lauded bank muscat's initiative for launching the 'Borrow Wisely'…
Kuwait Financial Centre Launches Its Own Business Intelligence Platform
KUWAIT Financial Centre ( Markaz ) launched its research arm, Marmore MENA Intelligence Private Limited (Marmore),…
GCC Banking Sector Profits Hit $12b In H1
The GCC banking sector continued to grow rapidly in the first half of 2012 with profits reaching $12 billion, an…
NBAD Targets New Markets
The National Bank of Abu Dhabi , or NBAD , will continue to focus on organic growth to expand its operations in the…
HSBC China PMI Falls To Lowest Since March 2009
An index of China’s manufacturing activity fell to 47.6 in August on a 100-point scale, down from July’s 49.3 and…
Bank Muscat Main Sponsor For The 12th Gulf Stage Festival
Bank muscat, the flagship financial institution in the Sultanate of Oman, has announced its support and…