Banking & Finance
January 22, 2012
Idea Soda Ash And Calcium Chloride Company has appointed NCB Capital as Financial Advisor to provide financial advisory services for the establishment and incorporating of the Jubail Inorganic Chemicals Industries Company.
Barclays Wealth, a leading global wealth manager, announced today the appointment of Faisal Shaker as Head of Wealth for Barclays Saudi Arabia (BSA).
January 18, 2012
Major General Sheikh Taleb bin Saqr Al Qasimi inaugurated the fifth Ras Al Khaimah branch of Al Ansari Exchange, the UAE’s largest exchange house network that provides worldwide remittance and foreign exchange services.
Japan and Europe influenced the rest of the world in 2011 via global trade flows and the financial and capital markets and hence it is very important that individual countries cannot be considered and fully understood in isolation.
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.