Banking & Finance

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BLOM Bank, Bank Med and Bank Audi all were upgraded from "negative" to "stable" under Standard & Poor's ratings (File Archive)
Standard & Poor's has raised its outlook for several Lebanese banks in what may be the latest sign of a recovering economy in this MENA country.

June 27, 2011

During the meeting
09:59 GMT
(press release)

In line with its efforts to support decisions pertaining to the Gulf Common Market, the Ministry of Finance held its third meeting with the UAE team tasked with applying GCM resolutions.

Adnan Chilwan, Deputy CEO - Chief of Consumer and Wholesale Banking, Dubai Islamic Bank
09:52 GMT
(press release)

Dubai Islamic Bank (DIB) unveiled today a new opportunity for regional investors to participate in the rapidly growing economy of Asia.

June 26, 2011

National Bank of Kuwait Headquarters
13:47 GMT

National Bank of Kuwait (NBK) has launched yesterday (Sunday) the second session of its 2011 Summer Internship Program.

National Bank of Kuwait Headquarters
11:50 GMT

The US Dollar surged against a basket of currencies towards the end of the week as investors dumped risky assets mainly due to heightened fears emerging from the Eurozone.

ADIB executives during the honoring ceremony
10:34 GMT
(press release)

Abu Dhabi Islamic Bank was named ‘Best Islamic Bank’ in the Middle East region for the second year running at the Banker Middle East Industry Awards 2011.

Raed Al-Haqhaq, Chief Banking Officer - Senior General Manager at Burgan Bank
08:51 GMT
(press release)

Burgan Bank announced that the bank’s Corporate Banking Group has successfully completed a range of finance deals for major projects.

Huda Abdulla, Executive Vice President - Branch Distribution at First Gulf Bank presenting one of the half yearly draw winners with an Audi R8 Quattro
08:48 GMT
(press release)

First Gulf Bank, the leading banking partner of choice in the UAE, recently held its half yearly “Abu Dhabi Credit Card” holders draw.

Shekhar Krishnamurthy, Head-Retail Assets & Liabilities, Emirates NBD
08:42 GMT
(press release)

This summer, Emirates NBD is cutting interest rates across the board on all its auto loan categories for purchases of both new and used vehicles.

June 23, 2011

National Bank of Kuwait Head Office
11:43 GMT

In the second quarter of the year, attention shifted back to the some old lingering problems and risks: the sovereign debt woes in the EU.

Rohit Walia, Executive Vice Chairman & CEO of the Alpen Capital Group receiving the award at a ceremony held at the Ritz Carlton on 22 June
11:09 GMT
(press release)

The Alpen Capital Group was honoured in the “Best Research” category at the Banker Middle East Industry Awards 2011.

Saud Abdul Aziz AlGhurair receiving the Outstanding Contribution to The Industry Award on behalf of Mashreq CEO
10:03 GMT
(press release)

His Excellency AbdulAziz Al Ghurair, CEO of Mashreq received the Outstanding Contribution to the Industry Award from The Banker Middle East Industry awards 2011.

During the honoring ceremony
09:52 GMT
(press release)

Ernst & Young was named as the ‘Best Accountant – Auditor’ in the Middle East region at the Banker Middle East Industry Awards 2011 ceremony held in Dubai yesterday.

National Bank of Kuwait
09:28 GMT

Standard & Poor’s, the international credit rating agency, affirmed yesterday the long term and short term counterparty credit ratings of NBK at A+/A-1, with a Stable outlook.

June 22, 2011

Gary Dugan, Chief Investment Officer, Private Banking, Emirates NBD
13:23 GMT
(press release)

News that the French and German governments were back on speaking terms and almost speaking the same language helped the mood of the markets.

During the opening ceremony
11:46 GMT
(press release)

Emirates NBD announced that it has further extended its branch network in the UAE with the opening of a new branch in Dubai’s Muraqqabat area.