Banking & Finance
January 16, 2012
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.
Emirates NBD announced today that it ranked highest among banks in the Middle East in a Brand Simplicity Index published by Siegel+Gale.
TASWEEK Real Estate Marketing & Development expects financial obligation or income versus liability to dictate real estate trends in 2012.
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 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 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.
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).