Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe into the $5 trillion-a-day market.
Major banks wary of heavy US penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to rev
Banks are tightening lending conditions for small, private companies in the Gulf - a sign that the region's economies are not escaping damage from the plunge of oil prices.
Mostly, the six rich nations of the Gulf Co-operation
Banks in Bahrain have stepped up security ahead of the Formula One race to protect customers from fraudsters.
Cash withdrawals from ATMs will be limited to BD200 ($527) from today (April 15) in the lead-up to the Gulf Air Bahrain
Banks in the UAE are not meeting their customer expectations, according to a recent study by TNS, a custom market research organisation.
The TNS Annual Corporate Banking Excellence study looked closely at the services offered by c
Banks in the Middle East need to move from being primarily sales-centric to a balance between sales and customer-centric, according to an expert.
Alex Kwiatkowski, senior marketing strategist, Banking and Digital Channels at Misys
UAE Banks Federation partnered with SWIFT to bring together senior representatives from financial institutions across the region to look at the impact of global regulations and to discuss the adoption of global best practice.
The banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10 per cent increase, stemming largely from major customer segments such as retail and corporate banking as well as international business and treasury
Profit growth at banks in the United Arab Emirates (UAE) is expected to slip to 5-6 per cent in 2015 as macroeconomic challenges and the absence of big improvements in asset quality strangle lenders' earnings, Standard & Poor's said
UAE-based healthcare provider NMC Health, founded by billionaire Indian entrepreneur BR Shetty, is in talks with bankers for a potential long-term loan, four sources with knowledge of the matter said on Monday.
The London-listed c