Arab Bank was awarded the title of 'Regional Bank of the Year' for 2013 from Arabian Business during a ceremony held at the JW Marriott Marquis in Dubai.
The bank received this award in recognition of its leading banking services, positive performance and extensive role i
Bank Muscat, Oman's top lender, said the bank will recover the $39 million it lost in a global pre-paid card fraud after insurers agreed to indemnify the loss.
In a globally co-ordinated campaign, hackers broke into two unidentified payment processing companies in India that
Bahrain Institute of Banking and Finance (BIBF) is hosting a GCC-wide seminar on cybercrime and security today and tomorrow.
Being held under the patronage of the Central Bank of Bahrain, it is scheduled to be held at the Diplomat Radisson Blu Hotel, Residence and Spa.
The stock markets in Saudi Arabia and Qatar, which continue to be favoured by fund managers, could see further gains on Sunday while the UAE bourses are closed for a national holiday and investor sentiment on Egypt is mixed.
Saudi Arabia's index rose 3.3 per cent in November
Saudi Arabia's M3 money supply growth slowed to a 14-month low of 10.4 per cent year-on-year in October from 13.4 per cent at the end of September, central bank data showed on Friday.
Growth in bank lending to the private sector slowed to 13.5 per cent, the lowest level since
Kuwait's inflation eased to 2.7 per cent in October from 2.9 per cent last month despite a spurt in the prices of food and beverages, the state news agency Kuna reported.
The prices of food and beverages, which account for over 18 per cent of the basket, rose 3.5 per cent fro
The chief financial officer of Prince Alwaleed bin Talal's investment vehicle, Kingdom Holding , is to leave the firm, two banking sources aware of the matter said.
Shadi Sadeek Sanbar, who has worked with the firm for more than eight years and is seen as a close aide of the
Banks in Bahrain lead their peers in the region in earning trust of their customers, according to new research by SunGard, a software and technology services firm.
The research surveyed more than 1,000 consumers in 10 countries across the Middle East and Southeast Asia about curr
Abu Dhabi's state-owned fund International Petroleum Investment Company (IPIC) is self-arranging a $2 billion refinancing loan, according to banking sources.
The loan will be split between a $1 billion three-year facility paying a margin of 40 basis points (bps) over Libor an
Fund managers in the Middle East are showing signs of becoming more cautious towards some equity markets as change looms in the global economic environment, a Reuters survey showed.
Forty-seven per cent of 15 managers in the monthly survey of leading Middle East-based inve