Tuesday 21 October 2014
 
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Falcon Private Bank appoints new head

Falcon Private Bank, a leading Swiss private bank specialised in asset management for high net worth private clients and families, has appointed Erich Pfister as the new global head private banking, which will be effective from January next year

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Awal Bank creditors discuss key issues

Key meetings of creditors of Bahrain-based Awal Bank have been held in Bahrain and London, according to sources. The meetings were called by law firm Charles Russell, acting as external administrator, said the sources to the G

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Lloyds Bank to sell more shares in TSB

Lloyds Banking Group is to sell a further 11.5 per cent stake in TSB Banking Group, leaving it with a 50 per cent shareholding in a business it was ordered to shed by European regulators. Lloyds said it would sell another 57.5 mil

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Standard Chartered appoints new CFO

Standard Chartered Bank Bahrain has appointed Shaikha Tareef as its new chief financial officer (CFO). Tareef will be responsible for the implementation of the bank's overall financial strategy, cost management and ensuring th

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Ithmaar Bank launches user-friendly website

Ithmaar Bank, a Bahrain-based Islamic retail bank, has upgraded its website aimed at an improved user experience. "Navigation is simplified by categorising the product-centric primary menu to match the visitor's profile,&

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Arab Bank never backed Hamas, lawyer tells US jury

Arab Bank never provided material support for the Palestinian group Hamas, a lawyer for the bank told jurors during closing arguments at the bank's civil trial on charges of financing terrorism. The Jordan-based bank is accuse

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Mideast banks buy majority of Goldman Sach’s sukuk

Middle Eastern banks bought the vast majority of a debut $500 million sukuk issue by Goldman Sachs, a positive sign for other conventional banks hoping to tap the region's liquidity by issuing Islamic debt, according to data from lead manage

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IIRA reaffirms ABC Islamic Bank ratings

The Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Bahrain-based ABC Islamic Bank at A+/A-1 on the national scale (long-term and short-term respectively), and A-/A-2 on the international scale with a 'Stable' ou

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Top HSBC executive in Saudi leaves bank

The chief executive of HSBC Holdings' investment banking business in Saudi Arabia, Walid Khoury, has left the bank, a spokesman for the lender confirmed on Monday. Nabeel Shoaib, who was deputy CEO and chief operating officer

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Egypt expects $425m from IDB for refinery, airport

Egypt said it expected to receive around $425 million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm El Sheikh.   The first agreeme

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