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.

October 30, 2011

Hamad Al Hurr Al Suwaidi, Chairman of the Department of Finance (DoF) - Abu Dhabi
08:17 GMT
(press release)

Department of Finance, Abu Dhabi has organized its first staff Hajj trip to the Kingdom of Saudi Arabia.

National Bank of Abu Dhabi
07:18 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has just launched a new Personal Loans campaign.

International Advisory Board members
07:13 GMT

National Bank of Kuwait (NBK) held its fourth annual International Advisory Board (IAB) meeting in Kuwait to discuss the latest developments in the Arab world and their implications on the future of the region.

Abdel Hamid Shoman, Chairman of Arab Bank
05:56 GMT
(press release)

Arab Bank profits for the period ending September 2011 increased by 12% to reach USD 428.7 million compared to USD 382.7 million for the same period in 2010.

October 27, 2011

Bank of Sharjah
11:45 GMT
(press release)

Bank of Sharjah today announced its financial results for the nine months ending September 30, 2011, showing a significant increase in the bank’s deposit base and liquidity position.

Philip King, Head of Retail Banking at IBQ
06:30 GMT
(press release)

IBQ credit cardholders will have the opportunity to celebrate a very festive season between October 30 and November 10 with 5% Cash Back on all purchases during this period.

October 26, 2011

During the event
14:49 GMT
(press release)

Bank Sarasin-Alpen Limited, Dubai won the Arabia CSR Awards 2011 Small category at an awards ceremony held at the Grand Hyatt, Dubai on 26th October, 2011.

Ali Al-Rashaid Al-Bader, Gulf Bank’s Chairman
12:33 GMT
(press release)

Gulf Bank announced a net profit of KD 27.4 million for the first nine months of 2011, against KD 10.4 million, an increase by 165% over the first nine months of the previous year.

11:17 GMT
(press release)

QInvest, Qatar’s leading investment bank, has launched the ‘Qatar Equity Protected Note’ that aims to replicate the movements of the most liquid Sharia’a compliant equities with full capital protection.

Jadwa Investment
10:45 GMT
(press release)

New data show that economic growth in the first half of the year was strong, at 26.1 percent year-on-year in nominal terms.

Al Ansari Exchange
10:11 GMT
(press release)

Al Ansari Exchange has affirmed its commitment to provide their growing customer base with easier access to its offered services with the opening of new branches across the UAE for the last quarter of 2011.

Standard Chartered Bank
09:19 GMT
(press release)

The second leg of the Standard Chartered Challenge Cup 2011 will be held on Saturday October 29, 2011 with Dubai Offshore Sailing Club DOSC taking its turn as host of the celebrated interclub event.

Doha Bank Granted a License for the Opening of a New Branch in Abu Dhabi
07:20 GMT
(press release)

Managing Director of Doha Bank Board announced that Doha Bank received from Central Bank of UAE Board the approval of granting Doha Bank the license to open a new branch in the Emirate of Abu Dhabi.

George Nasra, Managing Director of IBQ
06:42 GMT
(press release)

IBQ shared key insights on Qatar’s banking sector with over 100 leading Spanish companies during the Spain-Qatar Business Meeting.

Abdul Aziz Al Ghurair, CEO of Mashreq Bank
06:38 GMT
(press release)

Mashreq announced 16.8% growth in profitability for the first nine months of 2011, which amounted to AED 756 million compared to AED 647 million for the same period last year, on operating income of AED 3 billion.