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)
July 24, 2014 - 13:07 GMT
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.

February 3, 2011

 Andre Sayegh, CEO of First Gulf Bank
07:02 GMT
(press release)

Led by strong revenue growth in its core banking operations, First Gulf Bank, one of the largest equity based banks in the UAE, recorded a net profit of AED3.420 billion for the year 2010.

February 2, 2011

Ali Al-Rashaid Al-Bader, Gulf Bank’s Chairman
12:22 GMT
(press release)

Gulf Bank today announced a net profit of KD 19 million for 2010, compared to a loss of KD 28 million in 2009.

Dr. Adnan Chilwan, Deputy CEO, Chief of Consumer and Wholesale Banking, Dubai Islamic Bank
12:21 GMT
(press release)

Dubai Islamic Bank (DIB) announced today the opening of two new branches, bringing the bank’s UAE-wide network to a total of 68 branches.

February 1, 2011

Ibrahim Dabdoub, NBK’s Group CEO
13:33 GMT

National Bank of Kuwait Group reported net profits of USD 1,075 million (KD 301.7 million) for 2010, up 14% compared to the previous year.

From left-right: Mr. Arshad Khan, Mr. Jignesh Shah, Lambertus Rutten, Managing Director & Chief Executive Officer, Multi Commodity Exchange of India Ltd. (MCX) and Board Member of BFX, and Mr. Miten Mehta, Director, Global Market Development and Communications
12:25 GMT
(press release)

The Bahrain Financial Exchange (BFX), the Middle East and North Africa’s first ever multi-asset exchange, officially launched its operations yesterday, February 1st.

NBAD Tower in Abu Dhabi
11:38 GMT

NBAD's branches in Egypt are currently closed in line with the Central Bank of Egypt instructions.

During the opening
08:12 GMT
(press release)

Mashreq, one of the leading UAE National financial institutions announced the opening of its representative office in Nepal.

January 31, 2011

RAKBANK
12:35 GMT

RAKBANK has announced AED 1,002.75 million profit in 2010, an increase of 38.1% in net profit compared with AED 726.2 million for the previous year.

Ahmed Helal Mohammed, AED 1 million lucky winner
11:51 GMT

bu Dhabi Commercial Bank (ADCB) today announced the first 2011 winner of the Millionaire Destiny Savings Account (MDSA) Grand Prize draw.

Standard Chartered Bank
11:18 GMT
(press release)

The Middle Eastern Company for Trading and Investment has recently signed a cooperation agreement with Standard Chartered Bank.

Arab Bank
10:44 GMT
(press release)

According to Arab Bank Group's financial statements for the year ended 31/12/2010, Arab Bank Group’s net pretax and after provisions income amounted to $486.8 million.

January 30, 2011

Peter Baltussen, CEO, Commercial Bank of Dubai
14:38 GMT
(press release)

Commercial Bank of Dubai (CBD) has announced a net profit of AED 821 Million for the year ended on December 31, 2010, up by 2.2% as compared to AED 803 Million for 2009.

Mohammed Al Hegelan, Country Manager, Emirates NBD receiving the award from SAGIA
12:20 GMT
(press release)

Emirates NBD, a leading bank in the region, has been recognised as the largest financial services contributor to foreign direct investment (FDI) in Saudi Arabia in 2010

Walid Sidani, ADNIC CEO
11:54 GMT

Abu Dhabi Commercial Bank (ADCB) partners with Abu Dhabi National Insurance Company (ADNIC) to provide new technological, internet banking and cash management solutions.

NBK staff during the dental checkup
09:49 GMT

National Bank of Kuwait has recently conducted in-house dental checkups for all its employees, in corporation with Maidan Clinic.