Tuesday 31 May 2016
 
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Symantec says Swift heist linked to Philippines attack, Sony hack

Hackers who stole $81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cybersecurity company Symantec Corp said in a blog post on Thursday.

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Emirates NBD wins big at Banker Middle East Awards

Emirates NBD, one of the leading banks in the region, won big at the Banker Middle East Industry Awards with four of the biggest awards of the night: Best Bank – Middle East, Best Bank – UAE, Best Retail Bank – UAE and Best Inv

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IIB posts profit in Q1

International Investment Bank (IIB), a globally focused sharia-compliant investment bank based in Bahrain, posted a net profit attributable to equity holders of $0.24 million for the three month period ended on March 31, compared to a net loss

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Burgan Q1 net falls on forex income plunge

Burgan Bank, the third-largest lender by assets in Kuwait, said its net profit for the first quarter hit KD14.3 million ($47.66 million), down 18.5 per cent owing to less income from foreign exchange. A unit of Kuwait Projects Com

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Customer accounts safe says Qatar National Bank

Qatar National Bank, the Middle East's largest lender by assets, said it had taken immediate steps to ensure customers would not suffer any financial loss after a security breach last week exposed personal data of thousands of clients.

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World Bank revises 2016 oil price forecast to $41 per barrel

The World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook as an oversupply in markets is expected to recede. Amid improving market sentiment and

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Saudi Arabia central bank net foreign assets fall $6bn

Saudi Arabia's central bank, which serves as the kingdom's sovereign wealth fund, reported a fall of $6 billion in net foreign assets in March as low oil prices took their toll. Net foreign assets held by the central bank

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Quilter Cheviot opens office in Dubai

Discretionary investment management company Quilter Cheviot, part of Old Mutual Wealth, which can trace its heritage back to 1771, has been granted approval to open a new representative office in the Dubai International Financial Centre (DIFC) u

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Mashreq Q1 net profit falls 18.3pc

Mashreq, Dubai's third-biggest lender by assets, on Sunday posted a 18.3 percent fall in first-quarter net profit as it failed to recoup as many bad debts as it did in the corresponding period of last year. The lender made a n

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Apicorp total income up 3.7pc to $162m

The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, posted a total income of $162.04 million in 2015 compared with $156.28 million in 2014, an increase of 3.7 per cent. Its net profit before prov

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