Banking & Finance

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BLOM Bank, Bank Med and Bank Audi all were upgraded from "negative" to "stable" under Standard & Poor's ratings (File Archive)
Standard & Poor's has raised its outlook for several Lebanese banks in what may be the latest sign of a recovering economy in this MENA country.

August 15, 2011

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance
11:31 GMT
(press release)

The UAE has announced that it will be hosting the exceptional meeting for the Council of Arab Ministers of Finance in Abu Dhabi on 7 September, 2011.

Jamal Bin Ghalaita, Group Deputy CEO, Emirates NBD
11:00 GMT
(press release)

Emirates NBD announced today that it has won the top award for ‘Marketing Department of the Year’ at the eighth annual International Business Awards, also known as the Stevies.

10:30 GMT
(press release)

Mashreq announced two new exciting offers, which include a Home Loan buyout campaign offer and a double value offer.

Rohit Walia, Executive Vice Chairman & CEO, Alpen Capital Group
09:14 GMT
(press release)

Alpen Capital has received approvals from the Capital Market Authority, Sultanate of Oman to provide advisory services in Islamic structures.

Jamal Al-Hazeem, CEO, BMI Bank with Staff
07:40 GMT
(press release)

Bahraini retail and commercial banking institution, BMI Bank hosted a Ramadan ghabga gathering for its Ayadi Savings Scheme customers as well as members of the media at the Regency Inter-Continental Hotel.

August 14, 2011

During Do Good Deeds in the Month of Charity campaign
13:54 GMT
(press release)

IBQ kick-started its annual “Do Good Deeds in the Month of Charity” campaign aimed at encouraging teamwork for the welfare of the community and volunteer support.

12:44 GMT
(press release)

Tamkeen launched a dedicated call centre to serve customers of the Enterprise Development Support Programme. The centre went live as of August 14th.

Gulf International Bank
09:19 GMT

GIB Financial Services (GIBFS), the investment banking arm of Gulf International Bank (GIB) in the Kingdom of Saudi Arabia, has rebranded its name to “GIB Capital.”

Abu Dhabi Islamic Bank
08:58 GMT
(press release)

Abu Dhabi Islamic Bank has announced today that it will postpone personal financing installments for the month of August for all customers.

NBK staff in front of the cargo plane to Somalia
08:50 GMT

National Bank of Kuwait contributed in airlifting the first cargo plane of emergency aid, foodstuffs and medical supplies as emergency relief for famine-stricken people in Somalia.

The interns of the fifth session of Summer Internship Program
08:03 GMT

National Bank of Kuwait has recently successfully concluded the fourth session and launched the fifth session of its 2011 Summer Internship Program.

Jamal bin Ghalaitha, Group Deputy CEO, Emirates NBD
07:53 GMT
(press release)

Emirates NBD announced the launch of a unique Corporate Social Responsibility (CSR) initiative in support of the “Dubai Cares Girls’ Education Campaign 2011.”

The award comes in recognition of Burgan Bank’s continuous commitment towards providing excellent services to its private banking clientele
07:23 GMT
(press release)

Burgan Bank announced that it has been awarded the prestigious “2011 Best Private Bank in Kuwait” award by World Finance, one of the world’s most influential and leading financial magazine.

August 11, 2011

Ameera Bin Karam, President of Board of Trustees and founding member of FOCP, received the donation from Ahmed Al Riyami, the Head of Retail Business Development of ADNIF
10:39 GMT

The Abu Dhabi National Islamic Finance has donated to the Friends of Cancer Patients (FOCP) to support its campaign for needy cancer patients.

Crédit Agricole Egypt team
07:23 GMT
(press release)

Crédit Agricole Egypt has been able to maintain outstanding Straight Through Processing performance levels for the second consecutive year for both MT 103 & MT 202 Payments.