Banking & Finance
July 16, 2014
Total outstanding loans received from abroad, based on a remaining maturity basis, that the Turkish private sector is obliged to repay within 12 months
Turkey attracted several billion dollars in privatization revenues last year driven by sell-offs in the energy sector and is now trying to focus on more profitable sales after some tender revenues came in below expectations.
Burgan Bank announced its winning of the 'Best Investor Relations in GCC' award from World Finance, one of the world’s leading financial publications.
The UAE was the most active nation in the Middle East in terms of debt capital market activity in the first half, accounting for 55 per cent of activity at $12.1 billion,
July 15, 2014
Although, three similar decisions were announced by several governments since January 2011, none of them have taken full effect.
Mergers and acquisitions (M&A) transactions in the Middle East have grown by 250% in the second quarter (Q2) of 2014 compared to Q1 2014,
Gulf Bank today announced a net profit of KD 15.6 million for the first half of 2014, up 9.5% from KD 14.3 million over the same period in 2013.
Doha Bank, the leading private commercial bank in Qatar, has been named the ‘Best Domestic Retail Bank’ and the ‘Best Domestic Trade finance Bank’ of the year in Qatar.
Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, will be distributing over 7,000 packed Iftar meals to the poor throughout the UAE during the Holy Month of Ramadan.
Mashreq, one of the UAE’s leading financial institutions proudly received Dubai Chamber’s CSR Label for the fourth consecutive year.
National Bank of Kuwait (NBK) has participated in financing Kuwait Petroleum International’s (KPI) acquisition of Shell’s Italian assets.
July 14, 2014
The Ministry of Finance (MoF) organised a meeting on the Gulf economic and financial integration for students of the Faculty of Business Administration at the American University of Ras Al Khaimah (AURAK).
The National Bank of Abu Dhabi (NBAD) has rebranded several of its equity funds moving investment focus to a broader MENA focus from a UAE emphasis.
As part of its strategic expansion plan, FGB, one of the leading banks in the UAE, has set up a new representative office in Seoul, South Korea.
"Containing inflation is the main economic priority of the government," he said.