Banking & Finance
March 21, 2012
Lebanese officials and banks assured a senior U.S. official that Lebanon was fully committed to all financial sanctions on Syria and Iran.
Dubai Islamic Bank announced that the assembly has approved the distribution of a 12.5 per cent cash dividend for the year 2011, with the concurrence of the Central Bank of the U.A.E.
March 20, 2012
Bahrain Financing Company has recently hosted an educational lecture by Think Pink Bahrain founder, Ms Julie Sparkel for its staff members.
National Bank of Kuwait International (NBK London) provides real estate services in London to allow customers to easily own, rent and lease properties with legal consultations in the UK.
Royal Ranches Marrakech has recently received a delegation representing some of GFH’s board members to assess progress on the development.
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, is lead sponsor of the UAE Global Investment Forum to be held on Wednesday March 21st, 2012, in Emirates Palace in Abu Dhabi.
UAE is expected to experience a continued credit squeeze although the local banks have reported a significant reduction in the non-performing loan (NPL) ratios.
March 19, 2012
The Bahrain Financial Exchange is pleased to announce the launch of a series of educational workshops titled Understanding the Financial Derivatives Markets from Theory to Practice for university students in the Kingdom of Bahrain.
Burgan Bank announced the launch of a new innovative rewards discount scheme that aims at providing more value to its Premier Banking customers experience.
The UAE and South Korea exemplify the growth of Middle East-Asia trade and investment flows and the evolution of relationships between the two regions, according to Standard Chartered executives.
March 18, 2012
National Bank of Fujairah held its Annual Ordinary General Meeting today at Al Diar Siji Hotel in Fujairah, United Arab Emirates.
Building on the success of the UAE’s first ever initiative to open account and issue chip-enabled debit cards in just 30 minutes, Mashreq announced the extension of its instant banking service to 15 branches.
NCB Capital, Kingdom’s largest asset manager and leading wealth management company, expects that loan growth for Saudi banks to continue strong in 2012 as they focus on retail lending.
Al Ansari Exchange has announced a new partnership with Islamic Finance House across its branches whereby IFH will issue labour guarantees for companies.
Capital Intelligence affirmed National Bank of Kuwait’s (NBK) long and short-term Foreign Currency Ratings at “aa-“ and “a1+”, respectively, and its Financial Strength Rating (FSR) at “a+”.