Muscat: Oman International Bank ( OIB ) will conduct an ordinary general meeting of shareholders on May 31 to elect a new board, which will include HSBC representatives. The shareholders’ meeting for electing a seven-member board will be conducted…

  The UAE Central Bank has put an end to widespread speculation on imminent plans to set a ceiling on credit card interest rates, saying there is no such plan on the grounds these cards carry big risks to banks.…

  The Middle East’s leading investment bank is tangled up in Egyptian corruption allegations involving two sons of the deposed president Hosni Mubarak, state media reported on Wednesday. Gamal and Alaa Mubarak, as well as the two chief executive officers…

  BEIRUT: Central Bank Governor Riad Salameh said Wednesday that Lebanese banks will fully comply with Basel III recommendations three years before the deadline set by the committee. Salameh, who made these remarks during a symposium, entitled “Risk Strategies for…

  Saudi Arabia has accumulated enough foreign assets to deal with fresh financial stocks resulting from future global economic turbulences and its fiscal position is set to improve further this year. Forecasts by the Gulf Kingdom’s largest bank showed it…

  The Ministerial Committee of the Financial Markets of the Gulf Cooperation Council (GCC) states held its third meeting in Riyadh on Wednesday, under the chairmanship of President of Saudi Capital Market Authority (CMA) Abdulrahman Al-Tuwaijri, SPA reported. Addressing the…