Banking & Finance

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Boeing forecasts that airlines in the Middle East will require 2,610 new airplanes over the next 20 years, worth an estimated $550 billion.
Boeing, a leading aircraft manufacturer, said today that commercial financial institutions in the Middle East are increasingly funding the region’s record number of airplane deliveries.

November 17, 2011

Standard & Poor's
07:56 GMT

Standard & Poor's Ratings Services said today that issuers in the Gulf Cooperation Council (GCC) countries face rising refinancing risks over the next three years.

06:50 GMT
(press release)

Visa, has joined forces with Bank al Etihad, to launch the first Visa Business Card in Jordan.

November 16, 2011

Saxo Bank Headquarters
10:50 GMT
(press release)

Saxo Bank won the award for Best Active Trading Tools at the annual Shares awards Thursday night in London.

Artist Marie-Josée Primeau
09:32 GMT
(press release)

Ernst & Young today announced its sponsorship of UAE resident and Canadian artist, Marie-Josée Primeau, the signature artist at the Abu Dhabi Art Fair 2011.

Hazem Mulhim, CEO, EastNets
06:45 GMT
(press release)

EastNets, announced today that Intesa Sanpaolo Group has rolled out its en.SafeWatch Profiling anti-money laundering (AML) solution.

November 15, 2011

06:24 GMT

All banks and life insurance companies which have US source income or handle US source income will be affected since all US source income might be subject to 30% US withholding tax.

November 14, 2011

Ajman Bank
12:25 GMT
(press release)

Ajman Bank announced today the appointment of Marwan Ibrahim Al Zarooni as Vice President – Head of Branches in the Emirate of Ajman.

ADS Securities
09:54 GMT
(press release)

Investors in the Middle East are increasingly seeking to gain from significant upsides in forex created by unprecedented currency volatility in the global market, according to ADS Securities.

07:13 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions announced its latest ‘Mashreq Privileges’ offerings for all Debit Card holders.

November 13, 2011

10:19 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions announced its participation in the Export Finance Fair on 14th November taking place at the Beach Rotana Hotel, Abu Dhabi.

First Gulf Bank
10:13 GMT
(press release)

First Gulf Bank has confirmed that it is to be a silver sponsor of the Middle East – Investor Relations Society Annual Conference and Investor Relations Best Practice Awards.

Gulf Bank
10:10 GMT
(press release)

Gulf Bank customers today hailed the successful launch of its new ‘We Promise’ program to offer its customers the best and the fastest financial service in Kuwait.

Credit Suisse
08:05 GMT
(press release)

Credit Suisse released its latest, semi-annual issue of Global Investor magazine, which focuses on inheritance.

Aref Ismail Al Khouri, Chairman of Watania
06:41 GMT
(press release)

Abu Dhabi Securities Exchange has announced the listing of Watania Takaful Company, within its listed companies in the insurance sector starting Monday, November 12, under the ticker symbol "Watania".

The delegation, including Salem Al Shamsi, Head of Government Relations, Maryam Al Shorafa, Head of Ladies Banking, and Abdul Aziz Al Ali, Relationship Manager – Government Business Relationship, handed out gifts to young patients currently being cared for at the hospital
06:04 GMT
(press release)

To celebrate the holy occasion of Eid Al-Adha, a team of Ajman Bank’s senior management visited Khalifa Hospital, Ajman, to spend time with patients and distribute gifts.