Company: Arab Banking Corporation

Bahrain is back

With healthy profits last year, and plans for up to 20% rise in assets, the Bahraini banking sector is suddenly looking like a more attractive place to work. The liberalisation of Bahrain’s investment laws has seen the assets of Bahrain’s banks rise by over 30% in 2007 to $285bn, according to a report by Securities [...]

By Paul Clarke, 30 May 2008 • 7 comments

Redundancies hit the Middle East

Think Dubai is immune to sub-prime problems and layoffs? Think again… Outwardly, banks may be in expansion mode in the GCC, but less publicly they’re said to be quietly cutting costs at the senior end. Sources tell us that Mohamed Kamal Metwally, managing director, investment banking, at HSBC Bank Middle East, and David Ludlow, head [...]

By Paul Clarke, 14 February 2008 • 4 comments