Banking & Finance
January 18, 2012
Noor Islamic Bank announced today the launch of the first on-line bank account opening service offered by an Islamic Bank, to mark the fourth anniversary of the bank’s launch.
Burgan Bank today announced that it is offering a chance for its VISA cardholders to win a trip to the much awaited London 2012 Olympic Games.
IBQ announced today its sponsorship of the Oryx Football Team, the sports team of the French Lycée Bonaparte School in Qatar.
January 17, 2012
Emirates NBD announced a tie-up with Juma Al Majid, the authorised distributor of Hyundai in the UAE.
January 16, 2012
Dubai Islamic Bank (DIB) announced today the appointment of Mohamed Salem Al Falasi as SVP – Head of Central Operations reporting to Deputy CEO, Chief Operating Officer.
Dow Jones Indexes announced that Tebyan Asset Management has licensed the Dow Jones Islamic Market CHIME Index to benchmark its new fund, the Tebyan CHIME Opportunities Fund, to be launched today.
NBK Capital announced today the successful sale of its stake in Hanco (the “Company”), a leading fleet leasing and rental company in Saudi Arabia, in a deal valuing the Company at USD 140 million.
Revenue surpassed SR270 million $72 million a more than 14% increase compared with 2010 net income exceeded SR130 million, an increase of more than 18% from 2010.
January 15, 2012
Daman Investments has announced another year of exceptional performance by its local and regional equity funds during 2011.
Gulf Bank announced the successful installation of its new Enterprise Risk Management System from SunGard, one of the world’s leading software and technology services companies.
Standard & Poor's Ratings Services (S&P) has recently affirmed Gulf International Bank’s (GIB) long-term and short-term counterparty credit ratings at BBB+ and A-2 respectively.
Tamkeen is currently finalising plans to roll out its women economic empowerment programmes under its overall strategy.
January 12, 2012
Al Hilal Bank has launched a new Plant a tree initiative in partnership with the Emirates Environmental Group.The program forms part of the bank’s commitment to promoting a greener Earth and preserving nature for future generations to enjoy.
Abu Dhabi Islamic Bank’s announced the launch of its Capital Protected Gold Notes that can be combined with a selection of mutual funds.
January 11, 2012
As part of its ongoing support of private sector enterprises in Bahrain, Tamkeen announced that it has set a target to serve 2,500 more business owners through its flagship Enterprise Development Support Programme.