Banking & Finance

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"This is a well-established, well-rooted and very successful, very profitable organisation," Jordanian economist Riad Al Khouri told AFP.
Experts and economists believe the bank will emerge unscathed with flying colours, dismissing the case as a political attempt by American Zionist organisations looking to discredit the Palestinian cause.

October 25, 2011

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.

Ernst & Young
11:33 GMT
(press release)

Ernst & Young recently organized an International Public Sector Accounting Standards (IPSAS) seminar in Abu Dhabi which was attended mainly by executives and staff of the public sector.

Kuwait International Bank
10:59 GMT
(press release)

Kuwait International Bank (KIB) has recently been honored by the International Union of Police Sport, for their efforts in supporting and developing cooperative relationships between both organizations.

British Ambassador to Kuwait H.E. Frank Baker visiting NBK booth
09:40 GMT

National Bank of Kuwait (NBK) presented its unique services and products in the British Business Forum (BBF) Exhibition titled “Introduction to Kuwait” Exhibition.

Geetu Ahuja - CIMA Middle East Regional Manager
09:03 GMT
(press release)

The Chartered Institute of Management Accountants (CIMA) announced the launch of its Advanced Diploma in Islamic Finance for finance and banking professionals in the UAE.

Fahad bin Mohammed bin Jaber Al Thani, Chairman of Doha Bank
06:42 GMT
(press release)

Doha Bank, one of the leading private commercial banks in the GCC conducted a knowledge sharing session titled 'Customer Advantage’ held recently at the Grand Hyatt Hotel, Dubai, UAE.

October 23, 2011

Arab Bank
12:47 GMT
(press release)

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.

Abdulla Ali Al Hamli, Chairman of Tamweel
11:58 GMT
(press release)

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.

Nasser Ahmed Khalifa Alsowaidi, Chairman of NBAD
11:29 GMT

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.

Sudhir Kumar Shetty, COO- Global Operations of UAE Exchange
09:22 GMT
(press release)

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
09:05 GMT
(press release)

Société Générale De Banque – Jordanie moved its Wehdat Branch to its new location in Prince Hasan Street/ Madaba’s Road.

His Highness Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman during the Hand Made exhibition
08:52 GMT
(press release)

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.

Pamir Karagoz, the new Head of Mashreq Gold
08:52 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions announced the appointment of Pamir Karagoz as the new Head of Mashreq Gold.