Banking & Finance

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BLOM Bank, Bank Med and Bank Audi all were upgraded from "negative" to "stable" under Standard & Poor's ratings (File Archive)
Standard & Poor's has raised its outlook for several Lebanese banks in what may be the latest sign of a recovering economy in this MENA country.

October 18, 2011

Carlos Ribeiro, Chief Financial Officer at Gulf Bank accepting his award at the ceremony
10:05 GMT
(press release)

Gulf Bank today announced that its Chief Financial Officer, Mr. Carlos Ribeiro has been awarded the ‘Excellence in Finance’ award at the 5th Annual CFO Middle East Strategies Forum 2011.

Abu Dhabi Islamic Bank
09:26 GMT
(press release)

Abu Dhabi Islamic Bank, a top-tier Islamic financial services group, announced today that it now offers a pioneering cancer cover Takaful to all its “Dana Women’s Banking” customers.

Ehab Rashad, Mubasher new Managing Director in Egypt
09:07 GMT
(press release)

Mubasher Financial Services, has announced the recent appointment of Ehab Rashad as Managing Director of Direct Broker for Securities, Mubasher in Egypt.

October 17, 2011

Yahya Alyahya, GIB’s Chief Executive Officer
11:37 GMT

Gulf International Bank (GIB) has won three awards in the investment banking category of the Global Banking & Finance Review Awards for 2011.

The two promotions, which have been launched in the beginning of the year, give customers the opportunity to win back their utility bill amount when settling their bills online or win an iPAD when paying their credit card balances
10:16 GMT
(press release)

Arab Bank has recently announced the winners of the 9th draw in its ongoing Arabi Online Internet banking service promotions for customers who pay their utility bills and credit card balances online.

American Express
09:20 GMT
(press release)

American Express Middle East and Oman Air, the national carrier of the Sultanate of Oman, are partnering to offer American Express Cardmembers even greater value.

October 16, 2011

Sébastien Buemi
13:51 GMT
(press release)

Global sporting event 2011 Formula 1 Etihad Airways Abu Dhabi Grand Prix is fast approaching, and with it comes the Middle Eastern premiere of Falcon Private Bank’s Scuderia Toro Rosso sponsorship.

Hisham Hammoud, Chief Operating Officer and Head of Retail of Dubai Bank, collects the award for 'Best Call Centre Performance'
12:47 GMT
(press release)

Dubai Bank announced today that it has won the Ethos Consultancy award for “Best Bank - Call Centre Performance” at the 2011 Bank Benchmark Index Awards.

Mazin Al Nahedh, NBK General Manager- Consumer Banking Group
12:06 GMT

NBK launched the “You Choose, We Finance” campaign that offers its customers the opportunity to easily own the property in UK, USA, France, Lebanon, Egypt, UAE and Jordan.

11:29 GMT
(press release)

Misys, announces the launch of its enterprise market risk solution, Misys Risk.

Wissam Moukahal, Audit Partner at Deloitte Middle East and Mohamed Jamil Berro, CEO of Al Hilal Bank during the signing of the MoU
10:04 GMT
(press release)

Al Hilal Bank has signed a fellowship Memorandum of Understanding (MoU) with Deloitte, the second largest private professional services organisation in the world.

Shaker Zainal, Head of Distribution, Mashreq at the opening
09:50 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions announced the re-opening of renovated branches in Dubai.

Tirad Mahmoud, ADIB's CEO receiving the award from Ethos Consultancy
09:29 GMT
(press release)

Abu Dhabi Islamic Bank was named UAE’s ‘Overall Top Bank in Customer Service’ at the 7th Annual Bank Benchmarking Index for service excellence by Ethos Consultancy.

Bank of London and The Middle East
09:12 GMT
(press release)

Bank of London and The Middle East announced the appointmentof Waleed Al-Omar to its senior management team as Director of the MENA region.

Ms. Dina Shoman, Executive Vice President of Branding at Arab Bank accepting the awards
07:40 GMT
(press release)

Arab Bank was honored at an awards ceremony in Washington DC during the International Monetary Fund (IMF) and the Institute of International Finance (IIF) meetings.