Banking & Finance

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Saudi's Tadawul is currently dominated by local retail investors, but opening up to the international market will broaden horizons (File/AFP)
July 24, 2014 - 13:07 GMT
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.

October 27, 2011

Bank of Sharjah
11:45 GMT
(press release)

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.

Philip King, Head of Retail Banking at IBQ
06:30 GMT
(press release)

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

During the event
14:49 GMT
(press release)

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.

Ali Al-Rashaid Al-Bader, Gulf Bank’s Chairman
12:33 GMT
(press release)

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.

11:17 GMT
(press release)

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.

Jadwa Investment
10:45 GMT
(press release)

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
10:11 GMT
(press release)

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.

Standard Chartered Bank
09:19 GMT
(press release)

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.

Doha Bank Granted a License for the Opening of a New Branch in Abu Dhabi
07:20 GMT
(press release)

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.

George Nasra, Managing Director of IBQ
06:42 GMT
(press release)

IBQ shared key insights on Qatar’s banking sector with over 100 leading Spanish companies during the Spain-Qatar Business Meeting.

Abdul Aziz Al Ghurair, CEO of Mashreq Bank
06:38 GMT
(press release)

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

During the event
10:28 GMT
(press release)

Standard Chartered held a celebration to mark ‘Diwali’, the Indian festival of lights.

Towers Watson
09:28 GMT
(press release)

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.

October 24, 2011

Andre Sayegh, Chief Executive Officer, First Gulf Bank
13:31 GMT
(press release)

First Gulf Bank posted a net profit of AED 920 million for the third quarter (Q3) of 2011. This result is an increase of 8% compared to the same quarter of 2010 (AED 849 million).

Mohammed H. Al-Nusuf, Deputy CEO of GFH
12:14 GMT
(press release)

Gulf Finance House (“GFH” or “the Bank”) today announced its third quarter financial results for 2011.