Banking & Finance

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"Annual credit growth is likely to be closer to 14-17% y-o-y"
Today
Qatar’s banks’ credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study.

February 22, 2011

Eissa Al Suwaidi, the Chairman of ADCB, inaugurates the new branch
14:20 GMT
(press release)

Abu Dhabi Commercial Bank today announced the opening of its newest Bank branch on Sheikh Zayed Road, bringing the total number of branches across the UAE to 47.

Mark McFarland (right) and Gary Dugan
11:40 GMT
(press release)

Emirates NBD, the Middle East’s leading bank, says global divergence will be the key theme for investors in 2011.

Abdulla Al Hamli, Chief Executive Officer, Dubai Islamic Bank
07:11 GMT
(press release)

Dubai Islamic Bank (DIB) announced today that it has been assigned an ‘A’ rating by Fitch Ratings, the New York and London-headquartered global ratings agency.

February 21, 2011

Dr. Yahya Alyahya, GIB’s Chief Executive Officer
15:08 GMT

UK-based emeafinance magazine has recently named Gulf International Bank (GIB) as the “Best Local Investment Bank in Bahrain.”

Malek Khalife receives the award from Euromoney
13:50 GMT

Euromoney, the renowned international magazine in the finance industry, has recently awarded National Bank of Kuwait the Best Private Bank for 2011.

Zeti Akhtar Aziz, Governor of Bank Negara Malaysia, speaks during the launch of Bloomberg LP's ISLM
11:01 GMT
(press release)

Bloomberg Professional service executives today announced the launch of a Bloomberg Islamic Finance Platform (ISLM), a Shariah-compliant solution.

Saeed AlMubarak, NBAD’s Regional Manager in Oman, addressing the attendees
09:48 GMT

The National Bank of Abu Dhabi (NBAD) has conducted an awareness program for operational risk management and business continuity management to its staff in Oman at the Grand Hyatt, Muscat.

Andre Sayegh, Chief Executive Officer, First Gulf Bank
08:08 GMT
(press release)

First Gulf Bank PJSC, one of the largest equity based banks in the UAE, announced today that it will convert AED 3.6 billion mandatory convertible bonds into 125 million new ordinary shares.

February 20, 2011

Abdullah Al Najran Al Tuwaijri, Deputy General Manager of NBK’s Consumer Banking Group
13:06 GMT

National Bank of Kuwait in partnership with MasterCard International brings the excitement of the UEFA Champions League 2010/2011 to NBK MasterCard credit cardholders.

National Bank of Kuwait Festival Day event
07:17 GMT

National Bank of Kuwait organized the Festival Day event at The Avenues Mall on Thursday February 17, 2011, on the occasion of Kuwait's independence Golden Jubilee.

February 17, 2011

Qatar Bourse
12:07 GMT

The management of Qatar Exchange announced the addition of bonus shares to United Development Company (UDC) shareholders’ accounts after the increase of the Company’s capital.

February 16, 2011

HSBC Rugby Festival Dubai
14:35 GMT
(press release)

The region’s largest junior rugby tournament- HSBC Rugby Festival Dubai - kicks off this weekend at The Sevens in Dubai.

Ali Al Nuaimi, Deputy Chief Executive Officer, Ajman Bank and Saeed Al Khazaraji, Head of Support Servicesof Manazel
13:25 GMT
(press release)

Ajman Bank, an award-winning financial services institution, announced today that has entered into a strategic partnership with Manazel Real Estate.

GlobalEnglish.com website
12:09 GMT
(press release)

Over 1,000 Emirates NBD employees successfully developing business English communication skills using GlobalEnglish on-demand tools and services.

February 15, 2011

Barclays Wealth
10:35 GMT
(press release)

Barclays Wealth, the global wealth management institution, announced today its monthly research providing a set of investment recommendations for investors all around the globe.