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Saudi-based Alinma Bank on Saturday opened its first branches in the kingdom, more than a year after raising $2.8bn in an initial public offering, the lender said. The newly opened branches are located in the capital Riyadh, Jeddah and Taif, the bank said, adding that it will have 15 branches open within two weeks. The lender will provide Islamic-compliant services. Alinma will be competing with 11 Saudi banks and several foreign banks, including National Bank of Kuwait and France's BNP Paribas. The bank plans to add another 20 branches before 2011, bank sources said. The formation of the... [read full story]
Special report: Address book was cited in court as reason 9/11 suspect should remain in custody Lotfi Raissi was on a running machine at his local gym in the suburbs west of London when he looked up to see footage of American...
Seventeen present and former EADS executives are to be questioned but there are claims evidence has been overlooked The biggest insider-trading inquiry in France will reach its climax today as the cream of Europe’s aerospace...
It's a little-known - and slightly ironic - fact that when Lehman Brothers exploded last year it did so as the proud owner of 500,000 pounds of yellowcake uranium: enough to make a nuclear bomb. Uranium’s appeal was as a...
Terra Industries Inc. (NYSE:TRA) today announced that, over the weekend, CF Industries Holdings, Inc. (NYSE: CF) submitted a proposed merger agreement to Terra, containing the same economic terms as its most recent proposal...
