Banking & Finance

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 This time round, in contrast to previous bouts of weakness in the shekel in recent times, it looks as though the trend is here to stay for a while.
"The economy is slowing down sharply," Carmeli warns, "and when you combine this with the fact that Israel is part of the global picture, it's likely that the shekel will continue to weaken."

August 25, 2011

KIB partnered with London Club Class to provide Gold and Platinum credit cardholders an exclusive limousine service
12:09 GMT
(press release)

Kuwait International Bank has launched a special limousine service to its Gold and Platinum credit cardholders to facilitate their transportation to and from the Grand Mosque.

NCB Capital Company
09:15 GMT
(press release)

NCB Capital said in a new report issued today that with the long term advantages remaining intact, the Bank believes the KSA petrochemical stocks look attractive at current valuation levels.

August 24, 2011

National Bank of Abu Dhabi
12:56 GMT

The National Bank of Abu Dhabi has been appointed lead advisor to the Partnerships Technical Bureau.

Rohit Walia and Sameena Ahmad presenting the cheque to Dr Ibrahim El Ziq from the UNICEF
12:18 GMT
(press release)

Alpen Capital along with Bank Sarasin-Alpen donated AED 250,000 to UNICEF to support their relief efforts in famine stricken Southern Somalia.

Unicorn Investment Bank
12:06 GMT
(press release)

Unicorn announces the successful sale of its investment in Victron, a specialty provider of high-mix, complex electronics manufacturing services (EMS) based in Fremont, California.

Russell Read
10:55 GMT
(press release)

The Gulf Investment Corporation is pleased to announce the appointment of Dr. Russell Read as Deputy Chief Executive Officer and Chief Investment Officer.

MoF employees were encouraged to join in the drive, where their donations were placed in designated Human Appeal International boxes
09:37 GMT
(press release)

The Ministry of Finance (MoF) recently held a Ramadan charity drive in partnership with Human Appeal International-UAE for clothes and second hand items.

Aref Ismail Al Khouri, General Manager of ADNIF
08:55 GMT

ADNIF has donated AED 1, 500,000 to The UAE Red Crescent Authority (RCA) to support people with special needs in the UAE.

Abdulhakim Binherz, GM Legal Affairs, Fraud Prevention and Investigations with staff members at Emirates NBD staff Iftar
08:01 GMT
(press release)

Emirates NBD, a leading bank in the region, hosted an Iftar for its employees at the Zabeel Hall, Dubai World Trade Centre on Friday, 19th August 2011.

International Bank of Qatar
07:52 GMT
(press release)

IBQ announced that the fourth season of its annual IBQ Summer Internship Programme which is open to high-school students and undergraduates has witnessed considerable success so far this year.

Burgan Bank
07:45 GMT
(press release)

Bank recently concluded its series of Ramadan activities that were aimed at strengthening ties with the local community.

August 23, 2011

National Bank of Abu Dhabi
12:48 GMT

NBAD has been ranked for the third year in a row one of the “World’s 50 Safest Banks” and the safest bank in the Middle East by Global Finance.

12:28 GMT
(press release)

Misys, the global application software and services company, today announced that it has received the “Best Technology Vendor” award from Trade & Forfaiting Review Magazine.

Arab Bank
11:24 GMT
(press release)

Arab Bank has recently signed an agreement with Al Aman Fund for the Future of Orphans to sponsor one year vocational training of 50 orphans.

During Tamkeen Business Quiz Show
10:49 GMT
(press release)

The Grand Finale of the Tamkeen Business Quiz Show, founded and organised by FinMark Communications, will take place on 24 August 2011 at 9pm at the Cultural Centre in Manama.