Banking & Finance
October 26, 2011
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.
October 25, 2011
Standard Chartered held a celebration to mark ‘Diwali’, the Indian festival of lights.
Sovereign default has risen four places to second position in Towers Watson's ranking of the top fifteen extreme risks while Depression retains the top position and hyperinflation moves to third.
October 24, 2011
First Gulf Bank posted a net profit of AED 920 million for the third quarter (Q3) of 2011. This result is an increase of 8% compared to the same quarter of 2010 (AED 849 million).
Gulf Finance House (“GFH” or “the Bank”) today announced its third quarter financial results for 2011.
Ernst & Young recently organized an International Public Sector Accounting Standards (IPSAS) seminar in Abu Dhabi which was attended mainly by executives and staff of the public sector.
Kuwait International Bank (KIB) has recently been honored by the International Union of Police Sport, for their efforts in supporting and developing cooperative relationships between both organizations.
National Bank of Kuwait (NBK) presented its unique services and products in the British Business Forum (BBF) Exhibition titled “Introduction to Kuwait” Exhibition.
The Chartered Institute of Management Accountants (CIMA) announced the launch of its Advanced Diploma in Islamic Finance for finance and banking professionals in the UAE.
Doha Bank, one of the leading private commercial banks in the GCC conducted a knowledge sharing session titled 'Customer Advantage’ held recently at the Grand Hyatt Hotel, Dubai, UAE.
October 23, 2011
Hikma Pharmaceuticals PLC recently appointed Arab Bank and Citi as Mandated Lead Arrangers of a USD180 million syndicated term loan facility to finance Hikma’s corporate acquisitions and general capital expenditures.
Tamweel announced today its financial results for the nine months ending September 30, 2011, demonstrating continued profitability during a period of increasing stability in the domestic property market.
National Bank of Abu Dhabi (NBAD) achieves a cumulative net profit of AED 2,984 million for the nine months of 2011, 1.1% higher compared to AED 2,951 million earned in the corresponding period of 2010.
UAE Exchange is celebrating its 31st Anniversary which falls on 23rd October, 2011, marked by a three-day long celebration across its global operations.
Société Générale De Banque – Jordanie moved its Wehdat Branch to its new location in Prince Hasan Street/ Madaba’s Road.