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)
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 9, 2011

Rohit Walia, Executive Vice Chairman and CEO at the tree planting event
11:53 GMT
(press release)

Alpen Capital along with Bank Sarasin-Alpen celebrated Sustainability Week from 2nd October to 6th October across all locations.

The briefings aimed to provide attendees with an update about new advances and issues related to corporate fraud and bribery, as well as the UK Bribery Act
11:46 GMT
(press release)

Ernst & Young has organized Corporate Fraud & Bribery Update briefings in Abu Dhabi and Dubai, attended by senior corporate officers.

Western Union
11:34 GMT
(press release)

In its ongoing effort to help protect consumers from becoming victims of fraud, Western Union is offering the latest information and tips on common Internet scams.

Dubai Financial Services Authority
10:59 GMT
(press release)

The Dubai Financial Services Authority has fined Arun Panchariya and Satish Panchariya AED 44,000 (USD 12,000) each for failing to disclose material information to the DFSA.

International Bank of Qatar
09:39 GMT
(press release)

IBQ announced that compensation packages for its Qataris staff will be increased in line with the Government’s recent decision to increase salaries of all nationals working for the public sector by 60%.

KALD Chairwomen Amal Al Sayer receives the sponsorship check from NBK CEO Shaikha Al Bahar
06:56 GMT

National Bank of Kuwait (NBK) is sponsoring the International Conference of the Difficulties of Learning Disorders, Hyperactivity & Attention Deficit.

Kuwait Finance House
06:47 GMT
(press release)

Avaya today announced that Kuwait Finance House, one of the leading Islamic banks in the world, has implemented a contact center using Avaya technology.

October 6, 2011

Arun Ratra, Head of Global Markets Groups in GIC, receives the award
11:45 GMT
(press release)

Gulf Investment Corporation, (GIC) was the recipient of the Panel of Judges award for: THE MOST OUTSTANDING SUKUK PRODUCT - SUKUK WAKALAH BI ISTITHMAR - for the year 2011.

UAE Exchange
06:53 GMT

UAE Exchange is celebrating its “Customer Service Week’’ in UAE, Kuwait, Oman, UK, USA and Canada from 3rd – 7th October, 2011.

Khalifa Fund
06:50 GMT
(press release)

Khalifa Fund for Enterprise Development today announced that its three-day annual ceremony will commence on Sunday, October 9, 2011.

October 5, 2011

Yousef Hussain Kama, Chairman QNB
13:54 GMT
(press release)

QNB Group net profit reached QR5.4 billion for the nine months ended 30 September 2011, up 30.4% on the net profit delivered in September 2010.

Emirates Money
11:09 GMT
(press release)

Emirates Money, a consumer finance company and wholly owned subsidiary of the Emirates NBD Group, announced today that the value of its loan book has reached AED 1 billion.

Saxo Bank
11:06 GMT
(press release)

The next few months will see desperate moves by policymakers to save the financial system, according to Saxo Bank.

10:28 GMT
(press release)

Mashreq, one of the UAE’s leading financial institution today announced its participation in Gitex Shopper 2011.

Al Hilal Bank
10:00 GMT
(press release)

Al Hilal Bank has been granted a Certification Service Provider (CSP) license by the UAE Telecommunications Regulatory Authority (TRA).