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Oman’s bank Muscat second quarter profit up 19 percent

Q2 net profit 35 million rials, beats estimates; H1 profit 68.4 million rials; Impairments for H1 down slightly, at 25 mln rials

July 16, 2012 4:54
 
UAE: any inclusion of Yuan in reserves is long-term issue

UAE: any inclusion of Yuan in reserves is long-term issue

Any decision by the United Arab Emirates to include the Chinese yuan into the UAE central bank's official foreign currency reserves would be the result of a long-term process, the bank's head said on Friday.

March 24, 2012 3:46
 
NCB Capital cuts Saudi Investment Bank, Arab National Bank

NCB Capital cuts Saudi Investment Bank, Arab National Bank

Saudi banks with significant exposure to the corporate sector may see their net interest margins shrink as competition increases, NCB Capital said, downgrading Saudi Investment Bank and Arab National Bank to "neutral" from "overweight."

March 14, 2012 1:59
 
French BNP Paribas to grow MidEast revenues

French BNP Paribas to grow MidEast revenues

French lender BNP Paribas expects to grow its revenues from the oil-rich Gulf region this year despite a slight impact on its business as a result of the Arab Spring, the bank's Middle East head told Reuters in an interview on Tuesday.

March 14, 2012 1:35
 
UAE lender Emirates NBD plans 15 percent staff cut

UAE lender Emirates NBD plans 15 percent staff cut

Emirates NBD, Dubai's largest bank which has been grappling with impairments, plans to lay off up to 15 percent of its workforce, three sources familiar with the matter said on Monday.

March 13, 2012 2:22
 
The game plan: Ananda Krishnan back on the spotlight

The game plan: Ananda Krishnan back on the spotlight

Over nearly two decades, Malaysia's second-richest man Ananda Krishnan has quietly initiated a number of deals that have left observers perplexed but earned him a reputation of being an impeccable timer of markets.

March 7, 2012 2:59
 
Fitch assigns Qatar-based Doha Bank’s EMTN programme ‘A’ rating

Fitch assigns Qatar-based Doha Bank’s EMTN programme ‘A’ rating

Fitch Ratings has assigned Doha Bank Q.S.C.'s (Doha Bank) $2 billion euro medium-term note (EMTN) programme a Long-term senior unsecured debt rating of 'A' and a Short-term senior unsecured debt rating of 'F1'.

March 6, 2012 10:52
 
Japan’s Nomura sets up Middle East FX team

Japan’s Nomura sets up Middle East FX team

Japanese investment bank Nomura is setting up a foreign exchange trading team in Dubai to meet growing demand among its institutional clients to trade Middle East and North African currencies, the bank said on Monday.

March 5, 2012 1:28
 
UAE’s First Gulf Bank plans to double paid-up capital

UAE’s First Gulf Bank plans to double paid-up capital

First Gulf Bank, the second-largest bank by market capitalisation in Abu Dhabi, approved plans to double its paid-up capital through a bonus share issue, the bank said in a statement on Thursday.

March 1, 2012 1:57
 
US targets Dubai Bank over Iran sanctions

US targets Dubai Bank over Iran sanctions

Dubai-based Noor Islamic Bank has been forced by the United States to cut off its banking business with Iran as part of wider US efforts to pressure Tehran over its nuclear programme.

February 29, 2012 1:34
 
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