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Women in banking 'facing challenges'Women in the workplace, particularly in the banking sector, continue to be dismally represented, especially in more senior roles, said a top official. Al Salam Bank chairwoman and inJAz Bahrain executive director Shaikha Hessa bin More… |
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Top Swiss bank wins Bahrain licenceJulius Baer, a leading Swiss private banking group, has won a investment firm licence from The Central Bank of Bahrain (CBB) to establish its own unit in the Kingdom. The new subsidiary, Julius Baer Bahrain will launch its own ope More… |
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HSBC to launch insurance products in UAEHSBC said it has signed an exclusive 10-year agreement with Zurich Insurance Middle East to distribute its personal and commercial general insurance products in the UAE. The agreement will help to improve access and distribution o More… |
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Abu Dhabi free zone to offer key financial servicesAbu Dhabi said its planned financial free zone would offer a wide range of services, from banking to fund management and commodities trading, and would aim to fill a gap in financial markets' coverage of the global day. More… |
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Saudi edges up on banking stocksSaudi stocks close slightly higher. The main market index is up 0.54 percent to 7098,48 points, supported by banking shares. Al Rajhi Bank, the kingdom's largest listed lender, was up 1.16 per cent. Shares of he More… |
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Bahrain growth slows in Q4 as oil output stallsBahrain's economic growth slowed sharply in the final quarter of 2012 as growth in hydrocarbon output stalled and two years of social unrest weighed on the banking sector. The economy grew 3 More… |
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IMF calls for banking sector clean-upGlobal economic conditions remain subdued despite a rally in financial markets and policymakers need to act to address underlying risks, including dealing with damaged banks, a top IMF official said. International Monetary Fund More… |
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Bank Nizwa eyes 5pc of Oman banking marketOmani lender Bank Nizwa, the sultanate's first full-fledged Islamic bank, plans a steady expansion of its retail network with a view to capturing a 5 percent share of the total banking market, according to its chief executive. More… |
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Al Baraka Q4 net income up 24pcBahrain-based Islamic lender Al Baraka Banking Group recorded a 24-percent increase in fourth-quarter net income, the bank said on Wednesday, with business expansion and improved asset quality aiding profit growth. More… |
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Ahli United posts 11.8pc Q4 profit riseAhli United Bank, Bahrain's largest lender by market value, posted on Tuesday an 11.8 percent gain in its fourth-quarter net profit, boosted by an increase in net interest income. The bank m More… |
