Banking & Finance
January 25, 2012
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 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 announced today that it had partnered with Etisalat to bring the first Islamic telecom reward payment card to the UAE.
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 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.
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
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 was honored with the Best Trade Finance Provider award in the Middle East from Global Finance Magazine for the sixth consecutive year.
The EU agreed to impose an embargo on crude imports from Iran.
UAE Exchange and Union Bank of India launching the real time account credit facility, Union FLASH Remit.
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.
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 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.
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
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.