Banking & Finance

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Since 2001, S&P has only seen 20 international sukuk from issuers outside of Malaysia or the GCC (File Archive/Shutterstock)
Islamic finance is increasingly labeled as the future of finance, but the sukuk market largely remains outside of mainstream markets globally.

April 3, 2011

Winner Khalid Al Sallal driving his new car
08:05 GMT

National bank of Kuwait the leading bank in Kuwait and highest rated in the Middle East recently conducted the Walkathon draw in which Khalid Ibrahim Al Sallal won the brand new KIA Cerato Koup 2011.

Dubai Islamic Bank's Annual General Meeting
07:02 GMT
(press release)

Following the conclusion of its Annual General Meeting (AGM) today, Dubai Islamic Bank announced that the assembly has approved the distribution of a dividend of 10 per cent for the year 2010.

March 31, 2011

Hisham Hamoud, Head of Retail and Chief Operating Officer of Dubai Bank
14:17 GMT
(press release)

Dubai Bank today announced a package of solutions designed to help Ijarah property finance end users affected by delays to the delivery date of their properties.

Ajman Bank
11:01 GMT
(press release)

Ajman Bank, held its annual general meeting today and approved their 2010 financial results for the 12 months ending December 31, 2010.

Jamal Bin Ghalaita, Group Deputy CEO at Emirates NBD
08:05 GMT
(press release)

Emirates Money, a consumer finance company, disclosed its positive financial performance for the 12 months ending December 31, 2010 (unaudited & provisional).

March 30, 2011

CBB Governor visits the BFX headquarters in support of return to normal operations
16:32 GMT
(press release)

The Governor of the Central Bank of Bahrain (CBB), Mr. Rasheed Al Maraj, today led a high profile team from the CBB on a visit to the Bahrain Financial Exchange.

Bank Al Jazeera
15:47 GMT

Bank Al Jazeera (BAJ) has announced that the closure of its first sukuk issue had netted a total amount of SAR 1 billion.

Thahabi customers check the new car
14:18 GMT

National Bank of Kuwait teamed up with Porsche Centre Kuwait to offer its Thahabi customers an exclusive experience to be the first to see the Panamera 4S Exclusive Middle East Edition.

The competition which ends on April 4 has witnessed success since launch on February 28
13:32 GMT
(press release)

MashreqMillionaire, the longest running and most innovative savings scheme in the UAE, recently launched ‘Share your dreams’ contest on Facebook.

Nabil Maroof, Managing Director of Asset Management at NBK Capital
08:01 GMT

National Bank of Kuwait the highest rated bank in the Middle East, was recognized as Best Provider of Money Market Funds in the Middle East 2011 by the world renowed financial magazine Global Finance.

March 29, 2011

Abu Dhabi Commercial Bank receiving the award
13:39 GMT
(press release)

Abu Dhabi Commercial Bank (ADCB) was named the “Best Retail Bank in UAE” for the fourth year in a row by The Asian Banker.

Jahangir Aka, Senior Executive Officer, SEI Middle East
11:48 GMT
(press release)

SEI, today announced the launch of a new range of investment solutions, the SEI Global Strategic Portfolios. These funds are designed specifically for regional investors.

March 28, 2011

Shaikha Al Bahar, Abdulla Al Tuwaijri and a number of NBK executives in a group photo with the honored staff
14:09 GMT

The National Bank of Kuwait (NBK), the best bank in the Middle East, held a special Elite Award ceremony at the Regency hotel to honor its top performing employees.

John Wright from Credit Suisse receiving the Banker ME award
13:55 GMT
(press release)

Credit Suisse today announced that it has won the Banker ME award for the Best Private Banking Service in the Middle East for 2011.

NBK registration tent
08:28 GMT

NBK announced that the 17th Annual Walkathon scheduled to kick off on Saturday 26th March is heading for yet another record year with over than 15,000 competitors enrolled up to date.