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HSBC Private Bank scaling down in MidEast

HSBC Private Bank scaling down in MidEast

HSBC, Europe's biggest lender, is significantly scaling down its private banking operations in the Middle East, two sources told Reuters, and HSBC said its top private banker in the region had been reassigned to London.

February 29, 2012 1:51
 
UAE’s NBAD Q4 profit misses forecasts on impairments

UAE’s NBAD Q4 profit misses forecasts on impairments

Q4 net profit AED 724M vs AED732 million a year ago; Analysts forecast profit of AED756.4 million for Q4; Q4 impairment charges AED482 million vs AED424 million

January 31, 2012 3:05
 
Dubai’s Tamweel reports Q4 profit jump

Dubai’s Tamweel reports Q4 profit jump

Q4 profit 31 mln dirhams from 8 mln dirhams in Q4 2010; Full-year net profit 101.9 mln dirhams; Tamweel shares up over 7 pct this year

January 29, 2012 3:55
 

Dubai’s MAF picks 4 banks for $1B sukuk programme

Majid Al Futtaim (MAF) Holding, the sole franchisee for hypermarket chain Carrefour in the Gulf, has picked four banks to set up a $1 billion Islamic bond programme, a prospectus issued by the Dubai-based mall developer showed.

January 8, 2012 10:36
 
Canada bankruptcy may hurt Islamic Finance in North America

Canada bankruptcy may hurt Islamic Finance in North America

The insolvency of an Islamic mortgage lender in Canada may hinder the growth of Sharia-compliant finance in North America, where it is already struggling in the absence of regulation.

December 5, 2011 2:30
 

Dubai’s Tamweel to start trading in 10 days – paper

Tamweel has declined to comment but Al Ittihad newspaper reports Islamic mortgage lender is ready to start trading again.

April 19, 2011 3:16