Banking & Finance

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The kingdom is also expected to account for the second largest share of emerging ECM deal fees over the next 17 years (File/AFP)
Saudi Arabia will emerge as the world's seventh largest capital market by by 2030 according to a recent report.

September 27, 2011

Unicorn Investment Bank
10:50 GMT
(press release)

Towards the end of 2010, Unicorn Investment Bank submitted a criminal complaint against its former CEO, Majid Al-Refai, to the General Prosecutor of the Kingdom of Bahrain.

Younis Haji Al Khouri, Undersecretary of MoF
10:38 GMT
(press release)

MoF will be hosting the 36th meeting of the Gulf Cooperation Council (GCC) Committee for Undersecretaries of Ministries of Finance and Economy in the Emirates Palace Hotel in Abu Dhabi.

Saif Al Suwaidi, Director General of the General Civil Aviation Authority and Rafael Barcenas, Director General of the Civil Aviation Authority of Panama while signing the ASA
08:37 GMT

The United Arab Emirates has signed an “open” Air Services Agreement (ASA) with Panama in Panama City this 23 September 2011.

Rory Gilbert, Managing Director, Head of Middle East and North Africa for International Private Banking, Barclays Wealth
08:14 GMT
(press release)

Barclays Wealth, a leading global wealth manager, announced the appointment of Rory Gilbert as Managing Director, Head of Middle East and North Africa for International Private Banking.

September 26, 2011

Students are nominated by their teachers on the basis of outstanding academic records and posted to an Emirates NBD branch for a day
14:12 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today the launch of an initiative to provide students about to embark into higher education the chance to be a “banker for a day.”

Haitham AlRefaie, the Head of Business Banking Group at NBAD
10:02 GMT

The National Bank of Abu Dhabi, the Number One Bank in the UAE, has added three new business current accounts exclusively for small and medium-sized enterprise clients.

NCB Capital
09:35 GMT
(press release)

NCB Capital, Saudi Arabia’s largest investment bank and leading GCC wealth manager, expects the outlook for the Saudi cement industry to remains strong for the remainder of 2011.

Kevin Birkett, Head of Financial Services, DIFC Authority and David Perez de Albeniz, Regional Manager, Middle East and Africa, Allfunds Bank
08:09 GMT
(press release)

Allfunds Bank has chosen the Dubai International Financial Centre (DIFC) for the establishment of its first Representative Office in the Middle East.

Al Ansari Exchange
08:00 GMT
(press release)

Al Ansari Exchange held a blood donation session for its employees, in collaboration with the Blood Donation Centre in Dubai.

Middle East’s first in-bank gold vending machine
07:50 GMT
(press release)

Al Hilal Bank, a progressive Islamic bank, has once again made banking history by launching the Middle East’s first-ever bank-installed gold dispensing machine.

Shahzad Shahbaz, QInvest Chief Executive Officer
06:54 GMT

QInvest Saudi Arabia, a subsidiary of Qatar’s leading Investment Bank, QInvest, has been granted by The Capital Market Authority (CMA) a license to conduct business in the Kingdom of Saudi Arabia.

Dr. Yahya A. Alyahya, GIB’s Chief Executive Officer
06:48 GMT

The international credit rating agency Capital Intelligence has affirmed Gulf International Bank’s (GIB) long-term and short-term Foreign Currency Ratings at “A” and “A1” respectively.

Tareq Fawzi, Country Manager, Mashreq Egypt
06:27 GMT
(press release)

Mashreq Egypt announced the launch of its five years Certificate of Deposit in Egypt with a fixed interest rates of 10.35% per annum to be paid annually.

September 25, 2011

NBK Automobiles officials during the draw
13:18 GMT
(press release)

NBK Automobiles announced the new lucky winners of its Ramadan promotion with Mr Nawaf Rashed Saad walking away with an astonishing brand new 2012 C-Class.

Saif Al Mansoori, Deputy Head, Group Marketing and Branding, Emirates NBD
12:31 GMT
(press release)

Emirates NBD announced today that it will serve as strategic partner of the Footvolley World Cup 2011, which will be hosted for the first time in the UAE.