Banking & Finance

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Gulf entities have provided at least $30 billion of funding, at current prices, for African infrastructure over the last decade.
November 24, 2014 - 00:30 GMT
In the year 2000, The Economist magazine famously described Africa as “the hopeless continent” on its cover.

May 12, 2011

Mashreq and Bank of China during the signing
12:03 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions, announced its partnership with Bank of China to establish a ‘China Desk’ in the UAE.

Adrian Goh and NBAD executives during the award ceremony
09:32 GMT

The National Bank of Abu Dhabi’s (NBAD) Adrian Goh has been named Learner of the Year by the Institute of Leadership & Management.

Gholam Souri, Futurebank CEO and Managing Director
08:11 GMT
(press release)

Bahrain-based Futurebank has announced a net profit of BD3.43million for the First Quarter 2011 marking an increase of 30.2% as compared to the same period last year (2010 – BD2.63 million).

George Nasra, Managing Director at IBQ; Aisha Alfardan, Vice Chairperson of the Qatar Businesswomen Association; and Raed Chehaib, CEO of Interactive Business Network
07:39 GMT
(press release)

IBQ announced today its sponsorship of the Second Qatar International Business Women Forum

The subscription through the banks’ electronic channels (ATM, Phone Banking and the Internet) represented 94%
07:20 GMT
(press release)

AlBilad Investment Company has announced the successful closing of SITC’s IPO and revealed the allocation of shares for all the subscribers according to the IPO final results.

May 11, 2011

Investbank General Assembly Meeting
12:47 GMT
(press release)

Investbank held the ordinary and extraordinary meeting of its Annual General Assembly at King Hussein Club on April 27, 2011.

The bank reported strong growth in operating income for the quarter
12:12 GMT
(press release)

Ajman Bank announced today its financial results for the three months ending March 31, 2011, demonstrating continued growth in its core activities.

First Gulf Bank Headquarters Abu Dhabi
12:03 GMT
(press release)

First Gulf Bank is running a competition on Star FM, Emarat FM and Al Khaleejia FM, in celebration of the UN Global Initiative “World Family Day”.

By paying only one Dirham per day, children can benefit from financial support of AED 100,000 in case of a parent’s demise or disabling injury
10:43 GMT
(press release)

Abu Dhabi Islamic Bank announced the launch of its ‘Banoun’ Children’s Account, a Shari’a compliant savings account that enables parents to save for their children.

Deon Vernooy, Senior Executive Officer, and Usman Ali Ahmed, Senior Fixed Income Fund Manager, Emirates NBD Asset Management
10:09 GMT
(press release)

Emirates NBD Asset Management, the asset management arm of Emirates NBD, a leading bank in the region, announced today the one year anniversary returns of its three fixed income funds.

May 10, 2011

Kishore Mahbubani, Dean and Professor at the Lee Kuan Yew School of Public Policy
13:08 GMT

Islamic finance has emerged as one of the most rapidly expanding sectors in the global financial system and is evolving into an industry with an increasingly significant global footprint.

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.