Banking & Finance
October 23, 2011
Hikma Pharmaceuticals PLC recently appointed Arab Bank and Citi as Mandated Lead Arrangers of a USD180 million syndicated term loan facility to finance Hikma’s corporate acquisitions and general capital expenditures.
Tamweel announced today its financial results for the nine months ending September 30, 2011, demonstrating continued profitability during a period of increasing stability in the domestic property market.
National Bank of Abu Dhabi (NBAD) achieves a cumulative net profit of AED 2,984 million for the nine months of 2011, 1.1% higher compared to AED 2,951 million earned in the corresponding period of 2010.
UAE Exchange is celebrating its 31st Anniversary which falls on 23rd October, 2011, marked by a three-day long celebration across its global operations.
Société Générale De Banque – Jordanie moved its Wehdat Branch to its new location in Prince Hasan Street/ Madaba’s Road.
Ajman Bank, announced its sponsorship of the Ajman Businesswomen Council’s “Hand Made” exhibition, held under the patronage of His Highness Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman.
Mashreq, one of the UAE’s leading financial institutions announced the appointment of Pamir Karagoz as the new Head of Mashreq Gold.
Al Ramz Securities has released its comprehensive report on the UAE’s telecommunications sector.
Gulf International Bank reported consolidated net income after tax of $84.6 million for the nine months ended 30th September 2011. Net income after tax in the third quarter was $22.2 million.
Noor Islamic Bank (Noor) has been mandated to arrange and lead manage more than US $1.4 billion Islamic finance capital market deals in Turkey in the last 18 months, making it the most active UAE bank in the republic.
The UAE held the 91st GCC Financial and Economic Committee Meeting, which was headed by HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance.
Bank of Sharjah announced today that it has been awarded the prestigious annual STP award by Commerzbank for the second year in a row.
Emirates NBD, a leading bank in the region, announced today their sponsorship of the fourth edition of the Dubai Police annual book fair.
October 20, 2011
The UAE will be hosting the Gulf Financial and Economic Integration Forum, organized by the Ministry of Finance (MoF), at the Emirates Palace Hotel on Sunday, October 23, 2011.
Tharwa Investment Company announced that Tharwa Islamic Fund has been rated as the best performing Kuwaiti Islamic Fund.