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Falcon Private Bank wants to double Middle East revenues

Falcon Private Bank estimates that both private wealth in the region, as well as the bank itself, will grow in double digits over the next few years despite a significant drop in oil prices

March 5, 2015 5:52
 
one dollar bills

Central bank chief says UAE benefiting from strong dollar

"The strong dollar helps the UAE. We have benefited a lot from the link to the dollar."

March 2, 2015 4:03
 
Hand with calculator. Finance and accounting business.

Dubai Islamic Bank to test Gulf debt markets post oil slump

Stock markets in Dubai and Saudi Arabia have slipped by 19.4 percent and 11 percent respectively since the OPEC gathering

January 7, 2015 11:00
 
Close up AED 1000 bills,  UAE

UAE’s money exchange industry faces shake out as costs rise

The UAE's majority expatriate population transferred a net 66 billion dirhams ($18 billion) abroad in 2013

December 7, 2014 5:25
 
200-bank-muscat

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
 
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