BIL sees Middle East contributing 5-10% of its managed assets in next 3 years
Banque Internationale a Luxembourg (BIL) expects a contribution of at least 5-10% to its global asset under management in the next 3 years from the Middle East.
Bank Audi’s Turkey expansion pays off
Bank Audi’s net profits were 7.1% higher in the first nine months of 2014 than they were in the same period of 2013, mainly owing to the bank’s successful expansion in Turkey.
MIDEAST STOCKS-Sell-off may continue as global stocks, oil remain weak
Stock markets in the Middle East may remain under pressure on Monday after many bourses closed near their daily lows on Sunday and some stocks tumbled their daily limits.