Banking & Finance
August 1, 2011
Emirates NBD Asset Management Limited announced high dividend distributions on its income range of funds for the first half of 2011.
Gulf Finance House (GFH), in partnership with Gürmen Group, has acquired Adabank in Turkey for US$ 75 million
Mashreq, one of the UAE’s leading financial institutions announced the launch of its Ramadan Drive in association with Beit Al-Khair Society, a humanitarian beneficial entity established in 1989.
Abu Dhabi Islamic Bank announced today the launch of its Financial Health Check program as part of its financial education campaign in the UAE.
Standard Chartered has announced that it has been awarded “Best Consumer Internet Bank – UAE” and “Best in Social Media – Regional Sub-category winner”.
July 31, 2011
Burgan Bank announced today an exclusive tie up for its debit and credit cardholders which offers a wide range of discounts on cosmetic, fragrances, kitchen and household wares from Fayasel.
Burgan Bank today announced first half 2011 net profit of KD 25.3 million for the period ended June 30th 2011.
Emirates NBD has introduced lower interest rates on all personal loans to UAE Nationals during the Holy Month of Ramadan.
According to a recent survey conducted on behalf of Visa, over half of Egyptians spend more money during the month of Ramadan than any other month of the year.
The banking sector in the Middle East will become more competitive over the coming two years according to the annual Barclays Corporate Global Banking Survey.
MasterCard released the MasterCard Worldwide Index of Global Destination Cities, an index that gives a look at how the world’s biggest cities are connected.
Arab Bank announced that group net profits after tax increased by 13% in the first six months of 2011 from $289.5 million to $327.2 million despite the prevailing conditions in the region.
Gulf International Bank reported consolidated net income after tax of $62.4 million for the six months ended 30th June 2011 being $6.1 million or 11 per cent up on the comparable prior year period.
Jordan Ahli Bank recently launched its official pages on Facebook, Twitter and YouTube.
Dubai Islamic Bank announced its financial results for the first half of the year ending June 30, 2011, demonstrating continued strong growth in the bank’s core operations.