UAE Noor Islamic Bank’s AlQemzi Urges Banks To Cooperate
Greater cooperation, rather than competition, between the Middle East's Islamic financial institutions is necessary…
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Banks
Bank Audi Establishes Special Department For Top Customers
Doaa Zaki, head of wealth management and top customers department at Bank Audi, said the Bank will assign a special…
India Reduces Rates 50 BPS to Boost Growth
India's central bank cut its main interest rates by 50 basis points on Tuesday - its first reduction in three years…
NBE To Offer EGP 70 Mln Credit Facilities
National bank of Egypt (NBE) studies offering credit facilities of EGP 60 million to a faltering customer working…
Tinawi: Egypt’s Economic Identity is Unclear
Akram Tinawi, chief executive officer and managing director of Arab Banking Corporation-Egypt, stressed on the…
Standard Chartered Targets $100 Mln Gulf PE Deal
British Standard Chartered's (STAN.L) private equity arm expects to close a $100 million private equity deal in the…
50-60 U.S. Banks Expected To Fall This Year
The number of U.S. bank failures is expected to drop this year to about 50 to 60 institutions as the industry…
UAE Banks Use New Fund Transfer System
UAE banks have fully adopted the UAE Fund Transfer System (UAEFTS) that enables them to conduct all interbank local…
Dubai’s Tamweel Q1 Net Profit Drops 33%
Dubai-based sharia-compliant mortgage lender Tamweel posted a 33% fall in first quarter net profit, hit by…
Fitch Affirms National Bank of Bahrain At ‘BBB’; Outlook Stable
Fitch Ratings has affirmed National Bank of Bahrain's (NBB) Long-term Issuer Default Rating (LT IDR) at 'BBB' and…