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It also revealed that Gulf funding for African infrastructure has focused on North Africa, which has received the bulk of aid (about 65 per cent of the total).
October 1, 2014 - 20:11 GMT
A study expected that annual contributions are likely to average $5 billion in the coming years, which equates to at least 10 per cent of the total average annual inflows to this sector.

January 22, 2012

NCB Capital
07:56 GMT
(press release)

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
07:36 GMT
(press release)

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

Al Ansari Exchange
10:30 GMT
(press release)

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.

Bank Sarasin
08:53 GMT
(press release)

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.

Hussain AlQemzi, Group Chief Executive Officer, Noor Investment Group and Chief Executive Officer
07:28 GMT
(press release)

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
06:21 GMT
(press release)

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.

International Bank of Qatar
06:19 GMT
(press release)

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
11:05 GMT
(press release)

Emirates NBD announced a tie-up with Juma Al Majid, the authorised distributor of Hyundai in the UAE.

January 16, 2012

Dubai Islamic Bank
09:57 GMT
(press release)

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
08:59 GMT

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.

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.