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Eurobank, Alpha Bank to swap shares for merger

Banks to exchange shares, rights issue to follow; Eurobank, Alpha to hold news conference at 1100 GMT; Alpha's Costopoulos to chair new bank - Eurobank source; Qatar, Latsis family to take part in rights issue; Boards to agree terms of the deal Monday

August 29, 2011 5:05
 
ENBD names Pissaloux new head of wealth management

ENBD names Pissaloux new head of wealth management

Emirates NBD has named Pierre Pissaloux general manager of the bank's wealth management division, a company spokesman said on Thursday.

August 20, 2011 1:08
 

Credit Agricole to close Bahrain office -IFR

"While sources said that the move has been talked about for some time, they admitted that the unrest which affected the country earlier this year did have some impact on the decision," said IFR.

August 15, 2011 3:36
 
It’s not you, it’s me—Credit Agricole’s Bahrain exit will be first of many –analyst

It’s not you, it’s me—Credit Agricole’s Bahrain exit will be first of many –analyst

Banking firm Credit Agricole’s move from Bahrain to Dubai was a coup for UAE. Una Galani expects more companies will follow and it’s not just because of the unrest.

August 15, 2011 3:00
 

Dubai’s ENBD sees positive economy, slow H2 loan growth

H2 loan growth revised to 1-2 pct from 3-4 pct; Q2 net profit 744 mln dirhams vs 398 mln dirhams yr-ago; UAE GDP growth forecast 4.6 pct in 2011; Shares rise 1.22 pct in Dubai trade

July 26, 2011 10:13
 

Dubai’s ENBD Q2 net surges 87 pct as provisions drop

Q2 net profit 744 mln dirhams vs 398 mln dirhams yr-ago; Impairment allowances for Q2 drop 18 pct; Rise in non-interest income help drive profits in Q2

July 25, 2011 9:02
 
Breaking the monopoly: Iraqi banks struggle with limited services, capital

Breaking the monopoly: Iraqi banks struggle with limited services, capital

Iraq’s banks muddle through as state banks hold business monopoly while private banks lack capital. Lack of an updated centralised system could be one of the culprits, no?

July 21, 2011 12:24
 

Banque Misr in talks to sell Samba stake -report

Egypt's Banque Misr plans to sell 2 per cent Samba stake valued at $840 million.

May 23, 2011 10:50
 
The Art of Smarter Wealth Management (PART 2)

The Art of Smarter Wealth Management (PART 2)

In this last of our two-part feature on Art investment, FAWM tells Kipp it’s a safer bet to use investment funds for art instead of going as an individual investor.

April 13, 2011 1:33
 
The Art of Smarter Wealth Management (PART 1)

The Art of Smarter Wealth Management (PART 1)

Investing in art doesn’t have to be about having a frivolous investment portfolio. It may be a smarter move than placing your wealth in stocks and bonds, says Randall Willette

April 12, 2011 12:42
 
State spend trumps dampened private sector

State spend trumps dampened private sector

Private sectors may be wary of the regional unrest, but booming energy industries are expected to offset this, especially with aggressive state spending.

April 5, 2011 4:10
 

Middle East, Central Asia and Africa to pass $250b mark in transactions by 2012

E-downloads perfect for prepaid; Region has many unbanked women and youth; Government payroll identified as a key growth area; TNS exclusive research predicts 50% of UAE consumers are ready for prepaid

March 30, 2011 4:18
 
The bonus round

The bonus round

Are these guys sorry for taking wads of cash? Or sorry that they got flack for doing so?

March 23, 2011 12:30
 
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