While low oil prices are a challenge for oil exporting countries, it is also an opportunity for stable GCC countries to implement deep structural reforms and move towards becoming more mature and diversified economies, say experts.
Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 0.8 per cent rise in its second-quarter net profit, beating analyst forecasts.
Saudi Arabia's fifth-largest bank by market value said it made 763 million
Falling profits in retail and investment banking left investors worried whether Credit Agricole is on the mend after the French bank took $4.6 billion of writedowns to try to draw a line under ill-fated deals.
France's No 3 ba
Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 12.9-per cent drop in its third-quarter net profit that missed analysts forecasts, it said in a bourse statement on Wednesday.
The kingdom's fifth largest
Crédit Agricole Egypt has launched its latest brand ‘Fidèle Club’ tailored to meet the needs of the upper echelon Egyptian community.
The club offers distinguished clients a unique banking relationship with special privileges inspired fro
Calyon has been granted a full service licence to provide investment banking and capital markets services from the Dubai International Finance Centre.
Calyon will open a full service office in the DIFC in July 2007.
Calyon is the