Banking & Finance
August 7, 2011
National Bank of Kuwait distributes daily Iftar banquets daily during the Holy Month of Ramadan as part of NBK "Do Good Deeds in Ramadan" campaign.
Dubai Bank announced that its Royal Banking Covered Card had been recognized with a design award from Visa.
Gulf Investment Corporation GSC, Kuwait (“GIC”) has on 3 August 2011 successfully issued MYR750 million (USD253 million) under its existing 20 year MYR3.5 billion (USD1.18 billion) Sukuk Wakalah.
Emirates NBD Social & Sports Club’s annual Ramadan Football Tournament was inaugurated by Mr. AbdulHakim Binherz, General Manager Legal Affairs and President of Emirates NBD Social & Sports Club.
On the occasion of the holy month of Ramadan, National Bank of Kuwait has launched its annual Ramadan Facebook competition.
August 4, 2011
Gulf Investment Corporation GSC, Kuwait has on 3 August 2011 successfully issued MYR750 million under its existing 20year MYR3.5 billion Sukuk Wakalah bi Istithmar Medium Term Notes Programme.
August 3, 2011
Abu Dhabi Islamic Bank announced today that it will give away 1 million Etihad Guest Miles and 100% cashback this Ramadan.
First Gulf Bank, has received excellent investor endorsement through a six times oversubscription of its USD 650 million Sukuk (Islamic bonds) issuance.
Emirates NBD, a leading bank in the region, announced today its sponsorship of the forthcoming Dubai Police Ramadan Tournaments, to be held at the Dubai Police Club.
Western Union is celebrating its 160th anniversary by launching a hunt for the most networked person in the world.
National Bank of Kuwait donated USD 500,000 to feed people in Somalia suffering from lack of food and water due to famine, among the worst hit are children.
The Ministry of Finance has recently approved a record budget of KD 19.4 billion for fiscal year 2011/12 (FY11/12) which started last April.
Burgan Bank announced today that it has visited the head office of Zain, the largest mobile network in Kuwait, to introduce its accounts as well as its services to their employees.
August 2, 2011
Arab Bank has recently announced the latest winners in its ongoing Arabi Online internet banking service promotions for customers who pay their utility bills and credit card balances online.
NBAD and ADIB executed the GCC’s first ever Islamic equivalent of the conventional Repo product, a collateralized Murabaha transaction.