An Abu Dhabi sovereign wealth fund is exploring the sale of its $1.3 billion stake in Malaysian lender RHB Capital Bhd six months after buying the shares, sources familiar with the matter told Reuters, and has engaged in early talks with Japan's Sumitomo Mitsui Banking Corp (SMBC).
February 14, 2012 2:21
Banks in Lebanon are quietly implementing US and EU sanctions to avoid jeopardising international business. As a result, some Syrian money may be flowing to Russia or UAE.
February 11, 2012 7:08
Shares in EFG-Hermes , Egypt's biggest investment bank, plunged 5.7 percent at the opening of the market on Monday and trading was suspended after its chief executive Yasser el Mallawany (image above) was banned from leaving Egypt.
February 6, 2012 2:35
CBQ posts 22 pct Q4 profit growth, misses estimates; Full-year net profit of 1.9 bln riyals; Loans and advances grew 24 pct in 2011
January 26, 2012 1:42