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Sugrue specialised in covering the insurance and reinsurance sectors
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Oman’s Capital Market Authority (CMA) this week gave groundbreaking approval for two Islamic finance businesses.
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Lazard has hired James Spencer from UBS for its financial institutions group, where he will be a managing director based in New York. He was head of US banks at UBS, having been with the Swiss bank since 2002.
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Commerzbank’s corporates and markets segment posted a strong second quarter result this week, with operating profit almost tripling from the same period last year.
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Bahrain Islamic Bank is negotiating a merger with local Islamic bank Al Salam. If approved, the merger could create the largest Islamic bank in Bahrain, with total assets of around BD1.7bn ($4.5bn).