Hackers who stole $81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cybersecurity company Symantec Corp said in a blog post on Thursday.
Emirates NBD, one of the leading banks in the region, won big at the Banker Middle East Industry Awards with four of the biggest awards of the night: Best Bank – Middle East, Best Bank – UAE, Best Retail Bank – UAE and Best Inv
International Investment Bank (IIB), a globally focused sharia-compliant investment bank based in Bahrain, posted a net profit attributable to equity holders of $0.24 million for the three month period ended on March 31, compared to a net loss
Burgan Bank, the third-largest lender by assets in Kuwait, said its net profit for the first quarter hit KD14.3 million ($47.66 million), down 18.5 per cent owing to less income from foreign exchange.
A unit of Kuwait Projects Com
Qatar National Bank, the Middle East's largest lender by assets, said it had taken immediate steps to ensure customers would not suffer any financial loss after a security breach last week exposed personal data of thousands of clients.
The World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook as an oversupply in markets is expected to recede.
Amid improving market sentiment and
Saudi Arabia's central bank, which serves as the kingdom's sovereign wealth fund, reported a fall of $6 billion in net foreign assets in March as low oil prices took their toll.
Net foreign assets held by the central bank
Discretionary investment management company Quilter Cheviot, part of Old Mutual Wealth, which can trace its heritage back to 1771, has been granted approval to open a new representative office in the Dubai International Financial Centre (DIFC) u
Mashreq, Dubai's third-biggest lender by assets, on Sunday posted a 18.3 percent fall in first-quarter net profit as it failed to recoup as many bad debts as it did in the corresponding period of last year.
The lender made a n
The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, posted a total income of $162.04 million in 2015 compared with $156.28 million in 2014, an increase of 3.7 per cent.
Its net profit before prov