Banking & Finance

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Return of Equity (RoE) for Saudi banks is 10 percent whereas U.S. and European counterparts only receive single digit returns (File Archive)
April 14, 2014 - 15:00 GMT
Saudi Arabia's banking sector has outperformed its western counterparts in terms of profitability as well as efficiency in terms of resource utilization.

May 10, 2011

NBK’s Travel Safe addresses a wide array of travelers needs providing policy holders increased coverage at highly competitive rates
11:50 GMT

National Bank of Kuwait offers its customers “Travel Safe”, NBK’s travel insurance package in cooperation with Al Ahleia Insurance Company during the holiday season.

Ministry of Finance, UAE
11:44 GMT
(press release)

Minister of State for Financial Affairs, inaugurated the ‘Best International Practices in Public Debt Management Strategies’ conference.

Abdulhamid Mohammed Saeed, MD and Board Member of First Gulf Bank
11:16 GMT
(press release)

First Gulf Bank announced that its operations in Qatar have been upgraded to a Category 1 Branch by the Qatar Financial Centre Regulatory Authority.

NBAD executives during the opening ceremony of the new business banking centre
09:17 GMT

The National Bank of Abu Dhabi has opened its second business banking centre in Dubai in its ongoing effort to expand its services to small- and medium-sized enterprises.

May 9, 2011

SGBJ has achieved 7% increase in profits in 2010 in comparison to the previous year to reach JOD 4.6 million
13:56 GMT
(press release)

Société Générale De Banque – Jordanie's General Assembly held its ordinary meeting on April 28th, 2011.

Top executives from HP Saudi Arabia and Saudi Hollandi Bank at the contract signing
13:22 GMT
(press release)

Saudi Hollandi Bank (SHB) announced that HP has been selected to develop and deliver a Multi Channel Platform.

Abdulelah AlKindy, General Manager, Retail Banking, Emirates NBD
12:07 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today that its foreign currency telegraphic transfer facility is free of charge for online banking customers until June 30, 2011.

Kevin Gardiner, Head of Global Investment Strategy, Barclays Wealth
09:16 GMT
(press release)

The global economy continues to move firmly in the right direction, despite some patchier US data and the risks posed by high oil prices.

Participants in the Qiyadee programme
08:46 GMT
(press release)

Dubai Islamic Bank (DIB) announced today the launch of its second Qiyadee programme to develop a core group of employees to assume managerial positions within the organisation.

May 8, 2011

Ibrahim Nonoo along with Sathyan Pola and Mohammed Faysal
14:07 GMT
(press release)

Bahrain Financing Company, the Kingdom’s oldest and most reputed money transfer and foreign exchange group announced the opening of its new retail shop in Bahrain.

The event, which was attended by over 400 people, focused on the financing of Jordan's economy
13:14 GMT
(press release)

Euromoney's inaugural Jordan Conference took place last Tuesday and Wednesday, attracting local and international financiers, investors and high level business leaders.

Esam Janahi, Executive Chairman of GFH during the Annual General Meeting
12:29 GMT
(press release)

Gulf Finance House (GFH), held its Annual General Meeting (AGM) on Sunday, 8th May 2011 at the bank’s offices on the 28th floor of the Bahrain Financial Harbour’s East Tower.

Mohammed Al-Shroogi, Investcorp’s President of Gulf business
10:52 GMT
(press release)

Investcorp, today announced that it has undertaken, through its technology private equity arm, a majority buyout of eviivo.

School children enjoying the First Gulf Bank sponsored Junior GT ride at Ferrari World Abu Dhabi
08:34 GMT
(press release)

First Gulf Bank recently initiated a road safety campaign, in which school students were invited to experience the GT Junior attraction at Ferrari World Abu Dhabi.

Imad Marar, NBAD's Regional Manager in Jordan, and NBAD staff at the inauguration of the second branch in Jordan
07:48 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, inaugurated its second branch in the Hashemite Kingdom of Jordan.