Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

March 28, 2012

Muneera AL Mukhaizeem , Burgan Bank’s Chief Retail Banking Officer-GM
09:28 GMT
(press release)

Burgan Bank announced today the launch of new and improved Mobile Banking SMS Service in its commitment to deliver the best and easy to use services to its customers.

March 27, 2012

Central Bank of Oman is awaiting official legislation on Islamic banking to issue the final regulations
12:38 GMT

With the draft laws for Islamic banking almost complete, Oman will also alter its existing regulations for banking in the Sultanate to incorporate Islamic finance.

Frederic de Melker, Head of Priority Banking, Emirates NBD
11:23 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today, that it was organising a series of wealth management Roadshows for its Priority Banking customers.

International Bank of Qatar
10:46 GMT

IBQ has confirmed once again its support and participation at the upcoming 2012 Qatar Career Fair which will take place this April from the 1st to the 5th at the Qatar National Convention Centre.

Sameena Ahmad, Managing Director at Alpen Capital
10:06 GMT
(press release)

Alpen Capital today announced the publication of its GCC Construction Industry Report as a part of its Industry Research services.

Ms. Haneen Al Rumaihi, Head of Marketing  unit at Burgan Bank
09:12 GMT
(press release)

Burgan Bank announced today that it has entered into a new collaboration with New Abha and Abha Dental Specialty Centers to provide its customers a special discount on dental care services.

March 26, 2012

International General Insurance Holdings
13:07 GMT

International General Insurance Holdings Limited (IGIH) today reported earnings for the 2011 financial year.

The nominal GDP grew by 29 percent in 2011 due to the increased contribution of mining and quarrying sectors to the GDP which grew by 41 percent
11:55 GMT

A report, issued by Global Investment House says the rate of Saudi GDP, which stood at 3.3 percent during 2011-2010, hit 6.8 percent in 2011 compared to 3.8 percent in 2010.

Errol Fonesca, General Manager BFC
10:51 GMT
(press release)

Bahrain Financing Company has kicked-off its new campaign The Big Win.

Barclays
09:01 GMT
(press release)

Barclays was awarded the ‘Restructuring Deal of The Year’ at the Islamic Finance News Awards Ceremony 2012 which took place in Dubai.

March 25, 2012

Mustaza Kassim, CEO, FGB Singapore and AKT Representative Signing Deal
12:14 GMT
(press release)

First Gulf Bank announced that its International Business Division has recently signed an agreement worth USD 350 million with PT Asmin Koalindo Tuhup, one of Indonesia’s largest producers of Coking Coal.

Chandra Prasad Dhakal, Executive Chairman of International Money Express and Rashed Ali Al Ansari, General Manager of Al Ansari Exchange taken after signing the agreement.
12:12 GMT
(press release)

Al Ansari Exchange has announced that it has signed an agreement with International Money Express, Nepal’s leading money transfer company, offering remittance services to Nepal through Cash Express service.

NBK Capital
11:51 GMT

National Bank of Kuwait Kingdom of Bahrain reported net profits of USD 70 million in 2011 compared with USD 65 million in 2010, a growth of 8%.

NCBC Amundi TCW Strategic Alliance
10:13 GMT
(press release)

NCB Capital announces a global strategic alliance with the Trust Company of the West and Amundi to manage its international equity funds and aid the expansion of its products and services internationally.

IBQ Titanium MasterCard Credit Card
09:59 GMT
(press release)

IBQ recently revealed the latest addition to its premium range of credit cards, the Titanium MasterCard credit card.