Banking & Finance

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Saudi's Tadawul is currently dominated by local retail investors, but opening up to the international market will broaden horizons (File/AFP)
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.

June 1, 2011

Qatar Financial Centre
10:00 GMT
(press release)

The Qatar Financial Centre Authority has announced that the 5th Annual MENA Investment Management Forumwill be held in Doha from the 2ndto the 6thOctober 2011.

Deon Vernooy, Senior Executive Officer, Emirates NBD Asset Management receiving the award
09:52 GMT
(press release)

Emirates NBD Asset Management Limited, announced today that it had been named the region’s “Best Fund Management Company,” at the annual Arab Achievement Awards 2011.

Al Ansari Rewards
09:04 GMT
(press release)

Al Ansari Exchange has announced the launch of its summer promotional campaign entitled ‘Al Ansari Rewards - Summer Promotion 2011’, which will run from June 1, 2011 to August 5, 2011.

STC aims to invest in high growth markets, increase its stake in existing subsidiaries, and seek attractive acquisition opportunities
08:27 GMT
(press release)

In a report issued by Riyadh Capital Group this week, STC’s International Operations are expected to contribute some 50% of the total revenues, up from the current 34%.

Employees who successfully passed the Qualifications Licensing Regime
08:06 GMT
(press release)

Al Ramz Securities commended members of its team who successfully passed the Qualifications Licensing Regime during a recognition ceremony that took place yesterday.

May 31, 2011

Mahmoud Abul Eyoun, Kuwait International Bank’s CEO
14:07 GMT
(press release)

Kuwait International Bank (Al-Dawli) celebrated its 38th anniversary today, after being officially introduced to the market in 1973 as one of Kuwait’s leading banking institutions.

Al Sayer and Al Sager in a tour at Dar Al-Athar Al-Islamiyyah
13:21 GMT

National Bank of Kuwait’s Vice Chairman Nasser Musaed Al-Sayer and Deputy Group CEO Isam Jassem Al Sager have paid a visit to Dar al-Athar al-Islamiyyah (DAI).

Adnan Chilwan, Deputy CEO, Chief of Consumer & Wholesale Banking, DIB
11:02 GMT
(press release)

Dubai Islamic Bank (DIB) announced today the launch of a three-year Islamic Certificate linked to the Deutsche Bank Liquid Commodities (DBLCI) Apex Index.

Participants at the course
10:03 GMT
(press release)

Abu Dhabi Department of Finance recently held the Certified Management Accountant (CMA) course.

Omar Asghar, Head of Wealth Management at Mashreq and Nima Abu-Wardeh, Founder and Chief Executive of Cashy
09:48 GMT
(press release)

Mashreq, announced the launch of the first Student Banking Centre (Electronic Banking Unit) at Dubai International Academic City (DIAC), serving 27 universities and academic institutions.

Esam Janahi, Executive Chairman of GFH
08:07 GMT
(press release)

Gulf Finance House has announced today the financial results for the quarter ending 31st March, 2011 reporting a net profit of US$ 11.9 million as compared to US$ 7.5 million loss for the same period last year.

Ahmad Tantash, CEO of Jordinvest
07:28 GMT
(press release)

Jordinvest’s general assembly meeting proved satisfactory results after all shareholders approved the annual report demonstrating profitability despite an economically challenging year.

May 30, 2011

Mohammed Kettani, Director of Investments, receives award on behalf of Capital Management House
14:30 GMT
(press release)

Capital Management House (CMH), the Bahrain based investment bank, today announced that it has been awarded Leader in Aviation by the Arab Achievement Awards.

Majed Al Suwaidi, Director of Dubai Outsource Zone
12:55 GMT
(press release)

Dubai Outsource Zone, a member of TECOM Investments, today announced it is the strategic partner ofthe seventh Financial Technology Summit and Meetings.

Ebrahim Nonoo, Managing Director and CEO of BFC Group Holdings
12:43 GMT
(press release)

Bahrain Financing Company (BFC), the Kingdom’s oldest and most reputed money transfer and foreign exchange group today announced the commencement of its all new Cash Splash promotion.