11/11/2012

ABC Q3 profit up 29pc

“The results demonstrate the group’s ability to deliver sustainable core earnings through its diversified product offerings across our geographies in spite of a continuing fragile economic climate in certain of our markets."

11/11/2012

Italy’s biggest retail bank in talks to set up in Qatar

The Gulf Co-operation Council states, which have accumulated huge surpluses over the past decades due to high energy prices, have been attracting the world’s largest lenders, promising hefty returns to make up for mounting losses at home.

11/01/2012

Burgan Bank reports nine months' profit

“Despite the sluggish economy, our business model has proven resilient. We are growing market share in our core markets without altering our risk guidelines and pricing."

11/01/2012

NBAD wins Fixed Income Fund Manager award

"The National Bank of Abu Dhabi's fixed income business may be young at just two years old but it has certainly risen to the challenge by winning this year's Fixed Income Manager of the Year Award."

10/29/2012

IMF urges GCC states to rein in spending

Most Arab oil exporting countries in the Gulf should plan to reduce growth in government spending to make their budgets more sustainable, as their combined surplus could turn into a deficit around 2017, the International Monetary Fund said Monday.

10/29/2012

Mashreq profits soar 85% in third quarter

Mashreq almost doubled profits in the third quarter as it notched up a year of steadily improving quarterly earnings and is looking increasingly like a turnaround story.