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banks
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Oman’s Bank Sohar says will consider Bank Dhofar merger offer
Bank Sohar, Oman’s fifth-largest lender, said on Sunday that it would consider a proposal from larger peer Bank Dhofar to merge operations, a ... Banking & Finance -
Top Abu Dhabi investor at Barclays sold out of bank
The Abu Dhabi sheikh who helped rescue Barclays as part of the British bank’s controversial fundraising during the financial crisis has sold all ... Banking & Finance -
Arab unrest weighs on earnings at Lebanon’s Bank Audi
Net profit at Lebanon’s biggest lender Bank Audi dipped to $188 million for the first half of 2013, reflecting a one-off gain a year ago but ... Banking & Finance -
UAE central bank asks lenders about Turkey exposure
The United Arab Emirates central bank has asked local commercial banks in the country to provide details of their financial exposure to Turkey by ... Economy -
Strong Saudi economy spurs biggest banks profit to rise
Three of Saudi Arabia’s biggest banks posted increases in net profit for the second quarter on Wednesday, benefiting from huge government ... Banking & Finance -
Saudi banks’ net profits forecast to hit new highs in 2013
Saudi banks are forecast to boost their net profits to the highest level in 2013 amid sharp recovery in domestic credit, Jadwa Investments said in a ... Banking & Finance -
StanChart banker Nelson to take helm at Dubai’s Emirates NBD
Emirates NBD’s appointment of a senior Standard Chartered banker with Asia experience as its new group chief executive reinforces the trend of ... Banking & Finance -
HSBC considers quitting Iraq by selling Dar Es Salaam bank stake
HSBC Holdings said on Tuesday it is considering selling its majority stake in Dar Es Salaam Investment Bank (DES), which has made it the main ... Banking & Finance -
As banks eye Iraq, Citi plans office in Baghdad
Citigroup Inc. is set to become the first American bank to open an office of its own in Baghdad, highlighting financial firms’ growing interest ... Banking & Finance -
Kuwait Finance House says 20% capital increase oversubscribed
Kuwait Finance House (KFH), the Gulf Arab state’s largest Islamic bank, said on Thursday its 20 percent capital increase had been oversubscribed ... Financial Markets -
Tunisia may spend over $1bn to recapitalize banks
Tunisia may spend over a billion dollars to recapitalize its state-owned banks as the government struggles to stabilize the economy after the 2011 ... Banking & Finance -
Saudi Arabia reports 73% decline in bounced checks
Saudi Arabia has seen a 73 percent drop in the number of bounced checks since 2009, following the start of a government campaign aimed at consumers ... Banking & Finance