Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

August 16, 2011

Abdul Raheem Al-Awadhi, the Executive Manager of Operations Department, Kuwait International Bank
07:20 GMT
(press release)

Kuwait International Bank announced its SWIFT application upgrade of the latest banking communications technology as per CBK directives.

August 15, 2011

Aabed Al-Zeera, Chief Executive Officer of International Investment Bank
11:49 GMT
(press release)

International Investment Bank announced its fourth year consecutive dividend distribution to its investors in IIB Automotive Ltd (IAL).

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance
11:31 GMT
(press release)

The UAE has announced that it will be hosting the exceptional meeting for the Council of Arab Ministers of Finance in Abu Dhabi on 7 September, 2011.

Jamal Bin Ghalaita, Group Deputy CEO, Emirates NBD
11:00 GMT
(press release)

Emirates NBD announced today that it has won the top award for ‘Marketing Department of the Year’ at the eighth annual International Business Awards, also known as the Stevies.

Mashreq
10:30 GMT
(press release)

Mashreq announced two new exciting offers, which include a Home Loan buyout campaign offer and a double value offer.

Rohit Walia, Executive Vice Chairman & CEO, Alpen Capital Group
09:14 GMT
(press release)

Alpen Capital has received approvals from the Capital Market Authority, Sultanate of Oman to provide advisory services in Islamic structures.

Jamal Al-Hazeem, CEO, BMI Bank with Staff
07:40 GMT
(press release)

Bahraini retail and commercial banking institution, BMI Bank hosted a Ramadan ghabga gathering for its Ayadi Savings Scheme customers as well as members of the media at the Regency Inter-Continental Hotel.

August 14, 2011

During Do Good Deeds in the Month of Charity campaign
13:54 GMT
(press release)

IBQ kick-started its annual “Do Good Deeds in the Month of Charity” campaign aimed at encouraging teamwork for the welfare of the community and volunteer support.

Tamkeen
12:44 GMT
(press release)

Tamkeen launched a dedicated call centre to serve customers of the Enterprise Development Support Programme. The centre went live as of August 14th.

Gulf International Bank
09:19 GMT

GIB Financial Services (GIBFS), the investment banking arm of Gulf International Bank (GIB) in the Kingdom of Saudi Arabia, has rebranded its name to “GIB Capital.”

Abu Dhabi Islamic Bank
08:58 GMT
(press release)

Abu Dhabi Islamic Bank has announced today that it will postpone personal financing installments for the month of August for all customers.

NBK staff in front of the cargo plane to Somalia
08:50 GMT

National Bank of Kuwait contributed in airlifting the first cargo plane of emergency aid, foodstuffs and medical supplies as emergency relief for famine-stricken people in Somalia.

The interns of the fifth session of Summer Internship Program
08:03 GMT

National Bank of Kuwait has recently successfully concluded the fourth session and launched the fifth session of its 2011 Summer Internship Program.

Jamal bin Ghalaitha, Group Deputy CEO, Emirates NBD
07:53 GMT
(press release)

Emirates NBD announced the launch of a unique Corporate Social Responsibility (CSR) initiative in support of the “Dubai Cares Girls’ Education Campaign 2011.”

The award comes in recognition of Burgan Bank’s continuous commitment towards providing excellent services to its private banking clientele
07:23 GMT
(press release)

Burgan Bank announced that it has been awarded the prestigious “2011 Best Private Bank in Kuwait” award by World Finance, one of the world’s most influential and leading financial magazine.