Banking & Finance
July 21, 2014
“The Central Bank of Cyprus announces that, under the powers conferred to it by the relevant legislation, [it] has taken over, as of today, the management of the operations of the branch of FBME Bank Ltd. in Cyprus."
July 20, 2014
The National Bank of Abu Dhabi (NBAD) has appointed Marc Mollema as the Managing Director and Global Head of Energy & Resources as NBAD aims to expand its services to the sector.
Al Ansari Exchange has donated AED 250,000 to Al Noor Training Center for Children with Special Needs, a Dubai-based non-profit organization for children with Special needs between the ages of 3 and 18.
Burgan Bank announced that it has won the coveted “Best Domestic Retail Bank of the Year” award from the Asian Banking and Finance Magazine.
Gulf Bank has announced Mr. Hussain A T Akbar as the winner of the second 2014 KOC quarterly draw for a brand new GMC Yukon.
July 17, 2014
Arab Bank has been expanding across several Middle Eastern countries and has built a reputation for stability in a region shaken by conflict and political upheaval, partly thanks to diversified investments.
The National Bank of Abu Dhabi (NBAD) has appointed Jonathan Macdonald as the Managing Director and Head of Syndicated Finance.
His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, has announced Doha Bank's financial results for the first half of 2014.
Arab Bank Group net profit after tax and provisions during the first half of 2014 grew by 7% to USD 414.9 million from USD 387.3 million in the same period last year.
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,