The banking group appoints a new chief executive to repair its damaged reputation following the Libor scandal.
Although much of the country’s industrial production has been hit, the rural economy has been less affected by the turmoil.
With entrepreneurship in the region witnessing an unprecedented boom, funding options are also on the rise.
Colombia tops the list while Lebanon is the only Middle Eastern country to feature.
ICBC ME posted a pre-tax profit of $36 million in the first half of the year, up 157 per cent from H1 2011.
Fees from Qatar Investment Authority paid to the British bank are being scrutinised by the UK’s Serious Fraud Office.
The money will be placed in the Yemeni central bank and will support the country’s economic recovery, a Yemeni minister said.
Apple is used to being a market leader, but the hugely lucrative Chinese market is proving elusive.
Finance ministers of the G7 nations said that the West was ready to tap oil reserves to offset rising prices.
Days after its court victory, the world’s most valuable company has filed a lawsuit against the South Korean brand, targeting 28 of its devices.
The Kingdom bought weapons worth $33.4 billion from the US last year, says new report.
The precious metal rose to $1,676.45 an ounce on Monday, it’s highest in over four months.
Mohamed Mursi confirms there will be no new taxes and will look to investment to fix the country’s economy.
Jordan’s largest lender has elected Sabih al-Masri to head the bank after the sudden resignation of Abdel Hamid Shoman.
Meet the exceptional young people who are re-inventing the MENA region.
Meet the exceptional young people who are re-inventing the MENA region.
Saudi Arabia’s banks post bumper profit growth and lead the region’s banking recovery.
The National Bank of Abu Dhabi comes highest in the region for world’s safest banks; Europe take top five spots.
Global oil inventories in countries other than Iran fell about 1.2 million barrels per day in July and August.
Couple abducted after Lebanese army steps up security as kidnap threats target Gulf visitors.
BoP will launch its Dubai office in 2013 to serve 200,000 Palestinians.
The region’s banks witnessed a moderate recovery last year with continued overall gains expected for 2012.
Gold rose above $1,660 an ounce on signs that the US Federal Reserve is likely to launch monetary stimulus soon.
Higher GCC banking profitability was driven by improvement in margins, faster asset expansion and expanding fee income in 2011.
The top 50 banks’ consolidated assets grew by a higher 9.1 per cent in 2011 to $1.2 trillion, compared to 6.8 per cent in 2010 and four per cent in 2009.
The country made a formal loan request to the International Monetary Fund during a visit to Cairo by IMF chief Christine Lagarde.
With a combined GDP of over $9 trillion, China and India were poised to offset slower growth in the West, but recent developments have proved otherwise.
The Indian carrier will also resume services to Kuwait and Bahrain from Kochi in its winter schedule.
With a market capitalisation of around $623 billion, the tech giant is now the world’s most valuable public firm.
Banks in the region are benefiting from high profit margins and government support, says new report.