Banking & Finance

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Newswire reports suggest that Goldman Sachs’ issue of a five-year $500 million Sukuk was some 3x oversubscribed with orders of around $1.5 billion.
The US investment bank appears to have learned from the fiasco of its first attempt to market a Sukuk in 2011.

July 6, 2011

Saif Al Mansoori, Deputy Head - Group Marketing and Branding, Emirates NBD
10:36 GMT
(press release)

Emirates NBD announced today that it sponsored the high school graduation ceremony of Umm Amaar School for Girls in Abu Dhabi.

Tarek Al-Rohayem, Head of GCC Research at GIC
08:47 GMT
(press release)

Gulf Investment Corporation (GIC) today announced the half yearly returns for its Gulf Bond Fund, the GCC’s oldest and largest fixed income fund.

Ernst & Young
07:27 GMT

Ernst & Young is delighted to announce a landmark three-year sponsorship with Endeavor, to improve and grow their businesses.

July 5, 2011

Obaid Humaid Al Tayer, Minister of State for Financial Affairs and Ahmad Mohamed Ali, President of the Islamic Development Bank, during the agreement signing
07:43 GMT
(press release)

An agreement regarding the establishment of a regional office for the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) was signed.

NCB Capital
07:28 GMT
(press release)

NCB Capital has published a new report highlighting the cement sector in Saudi Arabia.

July 4, 2011

Abdulmohsen Alrushaid, NBK Public Relations Manager
13:17 GMT

NBK Public Relations Manager Abdulmohsen Alrushaid announced that NBK has taken the necessary measures to ensure henceforth utmost rationalization of electricity and water consumption.

Standard & Poor's
12:11 GMT

Standard & Poor's discussed, among other issues, the outlook for Bahrain's banking sector and status as a financial hub in a report published today.

Abu Dhabi Capital Management will launch its second fund later this year
11:55 GMT
(press release)

Abu Dhabi Capital Management has announced the final closing of its first fund; the ADCM Secondary Private Equity Fund closed at USD 45 million, three months after its launch in March 2011.

Central Bank of Bahrain
10:42 GMT
(press release)

Bahrain's gross domestic product is expected to grow by 3 percent in 2011, according a report from the Central Bank of Bahrain.

DGCX's precious metals products have shown increased participation on last year
10:37 GMT
(press release)

DGCX announced that its trading volumes in the first half (H1) of 2011 hit an all-time record of 1,417,223 contracts, valued at US $69.1 billion, a 52% growth from last year.

Mashreq employees donating blood
09:36 GMT
(press release)

Mashreq, one of the leading UAE financial institutions recently organized its bi-annual blood donation campaign.

July 3, 2011

Kris Babicci, new CEO of Commercial Bank International
12:58 GMT
(press release)

The Board of Directors of Commercial Bank International declared the appointment of Mr. Kris Babicci as the Chief Executive Officer In its meeting held on June 23rd 2011, in Ras Al Khaimah.

J.P. Morgan
11:44 GMT
(press release)

J.P. Morgan announced today that it has appointed Sjoerd Leenart to be the Senior Country Officer of the Middle East and North Africa (MENA) region, based in Dubai.

The 36th Annual Governors Meeting of the Islamic Development Bank in Jeddah
08:14 GMT
(press release)

VOLIP session was held at the sidelines of the 36th Annual Governors Meeting of the Islamic Development Bank in Jeddah, Saudi Arabia.

Abdulla Al Hamli, CEO Islamic Bank, inaugurates DIB's first Al Islami Private Banking branch
07:54 GMT
(press release)

Dubai Islamic Bank has opened the doors of a new concept, the first exclusive Al Islami Private Banking branch, for discerning clients who expect nothing but the best.