Monday 27 June 2016
 
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banking

Cyber thieves exploit banks' faith in SWIFT

Shortly after 7 pm on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complie

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Qatar First Bank launches new private banking platform

Qatar First Bank, a leading Shari’ah compliant bank in Qatar, has developed a new open architecture private banking platform which allows shareholders and clients to grow, manage and protect their wealth and assets. Supported by a

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Planning ‘key to IFRS implementation Saudi’

Lack of proper planning of International Financial Reporting Standards (IFRS) implementation by Saudi companies can derail their compliance with the regulatory requirements, an industry expert said. “As Saudi Arabia moves to

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Al Baraka to pay $22m dividend to shareholders

Shareholders of Al Baraka Banking Group (ABG) have approved the distribution of $22.1 million as cash dividend, amounting to two cents for each share equal to two per cent of the par value of the share, and to transfer of $124.3 million to the

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Meltdown ‘threat to banking sector jobs’

Hundreds of people have lost their jobs in Bahrain’s banking sector in the last few months due to the “global financial situation,” it has emerged, said a report in the Gulf Daily News (GDN), our sister publication.

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Meltdown ‘threat to banking sector jobs’

Hundreds of people have lost their jobs in Bahrain’s banking sector in the last few months due to the “global financial situation,” it has emerged, said a report in the Gulf Daily News (GDN), our sister publication.

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Iran to overhaul banking sector, tackle bad debt

Iran aims to overhaul its banking sector by tackling non-performing loans (NPL) and imposing tougher capital requirements after years of isolation, a senior central bank official said, adding the country was working on a Eurobond issue.

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GCC women expect job difficulties in 2016

While a majority of women in the GCC have expressed a preference for working in the finance industry, they also highlighted strong dislikes for particular industries and expect difficulties related to entering the workforce, a report said.

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Al Baraka units win Islamic Finance awards

Al Baraka Banking Group, a Bahrain-based leading Islamic banking group, said five of its units won Islamic Finance News Awards 2015 as the ‘Best Islamic Banks’ in the region through the annual comprehensive referendum, conducted by

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Investcorp buys $180m building in Washington DC

Investcorp, a leading provider and manager of alternative investment products, has announced that its US-based real estate arm has acquired a Class A, quality office building in Washington DC for approximately $180 million. This a

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