Banking & Finance

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A bank assistant counts through money in Lebanon (File/AFP)
July 24, 2014 - 13:29 GMT
U.S. legislation to increase financial sanctions on any organization funding or channeling money to Hezbollah won't have any impact on Lebanon's banking sector, according to a report. A sigh of relief?

August 7, 2011

Hisham Al–Razzuqi, Chief Executive Officer of GIC
08:44 GMT
(press release)

Gulf Investment Corporation GSC, Kuwait (“GIC”) has on 3 August 2011 successfully issued MYR750 million (USD253 million) under its existing 20 year MYR3.5 billion (USD1.18 billion) Sukuk Wakalah.

The participants at the Emirates NBD annual Ramadan Football Tournament
08:02 GMT
(press release)

Emirates NBD Social & Sports Club’s annual Ramadan Football Tournament was inaugurated by Mr. AbdulHakim Binherz, General Manager Legal Affairs and President of Emirates NBD Social & Sports Club.

NBK page at Facebook
07:14 GMT

On the occasion of the holy month of Ramadan, National Bank of Kuwait has launched its annual Ramadan Facebook competition.

August 4, 2011

Hisham Al-Razzuqi, Chief Executive Officer, Gulf Investment Corporation
08:35 GMT
(press release)

Gulf Investment Corporation GSC, Kuwait has on 3 August 2011 successfully issued MYR750 million under its existing 20year MYR3.5 billion Sukuk Wakalah bi Istithmar Medium Term Notes Programme.

August 3, 2011

Abu Dhabi Islamic Bank
11:48 GMT
(press release)

Abu Dhabi Islamic Bank announced today that it will give away 1 million Etihad Guest Miles and 100% cashback this Ramadan.

Andre’ Sayegh, CEO of First Gulf Bank
11:47 GMT
(press release)

First Gulf Bank, has received excellent investor endorsement through a six times oversubscription of its USD 650 million Sukuk (Islamic bonds) issuance.

Mohammed Al Marri, Deputy Director of Community Services, Dubai Police and Saif Al Mansoori, Deputy Head - Group Marketing and Branding, Emirates NBD
11:21 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today its sponsorship of the forthcoming Dubai Police Ramadan Tournaments, to be held at the Dubai Police Club.

Your World Application by Western Union
10:57 GMT
(press release)

Western Union is celebrating its 160th anniversary by launching a hunt for the most networked person in the world.

National Bank of Kuwait donation campaign
10:54 GMT

National Bank of Kuwait donated USD 500,000 to feed people in Somalia suffering from lack of food and water due to famine, among the worst hit are children.

National Bank of Kuwait
10:37 GMT

The Ministry of Finance has recently approved a record budget of KD 19.4 billion for fiscal year 2011/12 (FY11/12) which started last April.

During Zain visit
07:14 GMT
(press release)

Burgan Bank announced today that it has visited the head office of Zain, the largest mobile network in Kuwait, to introduce its accounts as well as its services to their employees.

August 2, 2011

Amer Matouk, Head of Consumer Banking in Jordan delivers the award
13:07 GMT
(press release)

Arab Bank has recently announced the latest winners in its ongoing Arabi Online internet banking service promotions for customers who pay their utility bills and credit card balances online.

Mahmood Al Aradi, the Senior General Manager of NBAD’s Financial Markets Division
12:02 GMT

NBAD and ADIB executed the GCC’s first ever Islamic equivalent of the conventional Repo product, a collateralized Murabaha transaction.

Yahya A. Alyahya, GIB’s Chief Executive Officer
09:46 GMT

The international credit rating agency Moody’s Investors Service has affirmed Gulf International Bank’s (GIB) long-term foreign currency deposit rating of A3.

Abraaj Capital
08:28 GMT
(press release)

Abraaj Capital, the leading private equity and alternative asset management group in the Middle East, North Africa and South Asia, today issued its first integrated sustainability report.