Saudi Arabia has decided to let Industrial and Commercial Bank of China (ICBC) open a branch in the country, a sign of growing economic ties between the world's top oil exporter and second-biggest oil consumer, local media said.
Industrial and Commercial Bank of China Middle East (ICBC ME) has released its trading results for the full year ended December 31, 2011, making it one of the most successful year to date.
The bank said it has been profitable since it lau
The National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, has signed a deal with Industrial and Commercial Bank of China (ICBC) to enhance partnership between the two banks as well as trade between the UAE and China.
Industrial and Commercial Bank of China, the country's largest bank, plans to open branches in Doha, Dubai, Moscow and Sydney, chairman Jiang Jianqing said.
'As the whole world knows, the Middle East is a fast-growing region with lots of c