Banking & Finance

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Boeing forecasts that airlines in the Middle East will require 2,610 new airplanes over the next 20 years, worth an estimated $550 billion.
Boeing, a leading aircraft manufacturer, said today that commercial financial institutions in the Middle East are increasingly funding the region’s record number of airplane deliveries.

January 25, 2012

Dubai Islamic Bank
11:01 GMT
(press release)

Dubai Islamic Bank announced the opening of three new branches in Dubai, bringing the bank’s UAE-wide network to a total of 74 branches.

Standard Chartered
09:09 GMT
(press release)

Standard Chartered employees pledged their last hour’s pay of 2011 to a good cause, raising USD720,000 for Seeing is Believing, the Bank’s programme to tackle preventative blindness.

Abu Dhabi Islamic Bank
08:27 GMT
(press release)

Abu Dhabi Islamic Bank announced today that it had partnered with Etisalat to bring the first Islamic telecom reward payment card to the UAE.

Ehab Anis Hassan, the Group Chief Human Resources Officer at NBAD
08:09 GMT

Two of the National Bank of Abu Dhabi (NBAD) employees enrolled in the Bank’s international sponsorship programme "Tomouh" left for the United States to being their studies.

Burgan Bank
08:06 GMT
(press release)

Burgan Bank announced that it has partnered with Kidz Smile Clinic to offer an exclusive 10% discount for its BuBa Kids Account holders every time they visit it.

07:21 GMT
(press release)

IBQ hosted a French business delegation to a networking dinner on the evening of January 23 at the Four Seasons Hotel in Doha.

January 24, 2012

Dubai Islamic Bank
12:03 GMT
(press release)

As part of its strategy to provide innovative banking services, Dubai Islamic Bank announced the launch of Al Islami Business Online, a portal enabling companies to access over 75 services at the click of a button.

Arab Bank
10:43 GMT
(press release)

Arab Bank was honored with the Best Trade Finance Provider award in the Middle East from Global Finance Magazine for the sixth consecutive year.

Saxo Bank
09:36 GMT
(press release)

The EU agreed to impose an embargo on crude imports from Iran.

UAE Exchange
08:34 GMT

UAE Exchange and Union Bank of India launching the real time account credit facility, Union FLASH Remit.

National Bank of Fujairah
07:13 GMT
(press release)

National Bank of Fujairah PSC is pleased to announce its results for the year ended 31 December 2011 which are being submitted for Central Bank’s approval.

06:47 GMT
(press release)

Mashreq’s flagship sukuk fund "Mashreq Al Islami Income Fund" was recently awarded Fixed Income Fund of 2012.This is the second consecutive year for Mashreq to receive this award from MENA Fund Manager magazine.

January 23, 2012

Burgan Bank
10:35 GMT
(press release)

Burgan Bank recently participated as a Gold sponsor in the widely recognized hospitality and food exhibition “HORECA 2012”, which was held on January 22nd until 24th at the Courtyard by Marriott Hotel.

National Bank of Abu Dhabi
07:45 GMT

The National Bank of Abu Dhabi has appointed Michael Aissaoui as the Head of Mergers and Acquisitions who will work in the Bank’s Investment Banking Group to expand NBAD’s M&A advisory activities.

January 22, 2012

Invest bank
11:41 GMT
(press release)

Aimed at increasing its capital to reach 100 million Jordanian Dinars, Invest bank offered 14,750,000 shares in a private placement to its current shareholders with each share valued at 1 JD, by which 95% of the shares were covered.