Banking & Finance
October 30, 2011
National Bank of Kuwait (NBK) held its fourth annual International Advisory Board (IAB) meeting in Kuwait to discuss the latest developments in the Arab world and their implications on the future of the region.
Arab Bank profits for the period ending September 2011 increased by 12% to reach USD 428.7 million compared to USD 382.7 million for the same period in 2010.
October 27, 2011
Bank of Sharjah today announced its financial results for the nine months ending September 30, 2011, showing a significant increase in the bank’s deposit base and liquidity position.
IBQ credit cardholders will have the opportunity to celebrate a very festive season between October 30 and November 10 with 5% Cash Back on all purchases during this period.
October 26, 2011
Bank Sarasin-Alpen Limited, Dubai won the Arabia CSR Awards 2011 Small category at an awards ceremony held at the Grand Hyatt, Dubai on 26th October, 2011.
Gulf Bank announced a net profit of KD 27.4 million for the first nine months of 2011, against KD 10.4 million, an increase by 165% over the first nine months of the previous year.
QInvest, Qatar’s leading investment bank, has launched the ‘Qatar Equity Protected Note’ that aims to replicate the movements of the most liquid Sharia’a compliant equities with full capital protection.
New data show that economic growth in the first half of the year was strong, at 26.1 percent year-on-year in nominal terms.
Al Ansari Exchange has affirmed its commitment to provide their growing customer base with easier access to its offered services with the opening of new branches across the UAE for the last quarter of 2011.
The second leg of the Standard Chartered Challenge Cup 2011 will be held on Saturday October 29, 2011 with Dubai Offshore Sailing Club DOSC taking its turn as host of the celebrated interclub event.
Managing Director of Doha Bank Board announced that Doha Bank received from Central Bank of UAE Board the approval of granting Doha Bank the license to open a new branch in the Emirate of Abu Dhabi.
IBQ shared key insights on Qatar’s banking sector with over 100 leading Spanish companies during the Spain-Qatar Business Meeting.
Mashreq announced 16.8% growth in profitability for the first nine months of 2011, which amounted to AED 756 million compared to AED 647 million for the same period last year, on operating income of AED 3 billion.
October 25, 2011
Standard Chartered held a celebration to mark ‘Diwali’, the Indian festival of lights.
Sovereign default has risen four places to second position in Towers Watson's ranking of the top fifteen extreme risks while Depression retains the top position and hyperinflation moves to third.