Banking & Finance

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CEO of Emirates NBD, Shayne Nelson, said in-market mergers  work better monetarily (File/AFP)
August 26, 2014 - 07:31 GMT
It's getting too crowded in the UAE banking sector with too many lenders competing with one another to please a small population, according to a senior banker.

January 16, 2012

National Bank of Kuwait
07:44 GMT

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.

Jadwa Investment
06:29 GMT
(press release)

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
11:33 GMT
(press release)

Daman Investments has announced another year of exceptional performance by its local and regional equity funds during 2011.

Gulf Bank
09:41 GMT
(press release)

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.

Dr. Yahya A. Alyahya, GIB’s Chief Executive Officer
08:54 GMT

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
07:15 GMT
(press release)

Tamkeen is currently finalising plans to roll out its women economic empowerment programmes under its overall strategy.

January 12, 2012

Al Hilal Bank
10:41 GMT
(press release)

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
09:38 GMT
(press release)

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

Tamkeen
12:10 GMT
(press release)

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.

Vikram Krishna, Head – Group Marketing and Branding, Emirates NBD
12:04 GMT
(press release)

Emirates NBD announced today that it ranked highest among banks in the Middle East in a Brand Simplicity Index published by Siegel+Gale.

TASWEEK
10:18 GMT
(press release)

TASWEEK Real Estate Marketing & Development expects financial obligation or income versus liability to dictate real estate trends in 2012.

Dow Jones Indexes
07:11 GMT

Despite posting a gain in the final month of the year, the Dow Jones Islamic Market Titans 100 Index finished 2011 down 0.83%, according to data compiled by Dow Jones Indexes.

First Gulf Bank
06:11 GMT
(press release)

First Gulf Bank announced mandating each of Citi, HSBC, NBAD and Standard Chartered banks as Joint Lead Managers for its 5-yr USD 500 million.

January 10, 2012

First Gulf Bank
10:36 GMT
(press release)

First Gulf Bank recently held its fourth quarterly Emirati Al Awwal Draw. Mr. Fahad Ali Bilal Ali Albalooshi won the jackpot prize of AED 1 million, while Jamal Ali Ibrahim Alnuaimi won the runners up prize of AED 100,000 at the draw.

Toby Stokes, the Aviation Sector Leader for Europe, Middle East, India and Africa (EMEIA)
09:48 GMT
(press release)

Ernst & Young has announced the appointment of its leading MENA aviation expert and Partner, Toby Stokes, as the Aviation Sector Leader for Europe, Middle East, India and Africa (EMEIA).