Banking & Finance
May 12, 2013
Burgan Bank Group reported today KD 15.6 million net profits for the first quarter of 2013 after taking KD 5 million in precautionary provisions.
Al Hilal Bank is clarifying that it has no connections at all with Al Hilal Exchange, a money transfer and currency exchange service provider which recently had its licensed revoked by the UAE Central bank.
Gulf Bank recently sponsored Kuwait University’s Business Administration honouring ceremony held at Arraya Ballroom on 1 May 2013.
May 9, 2013
A World Bank report released Wednesday cautioned Jordan of a “moral hazard” phenomenon.
The report represents a collection of articles prepared by KPMG specialists throughout the Middle East and provides insight into the recent trends and developments in SWF investment strategies
Tamkeen signed an agreement with Bahrain Development Bank (BDB) to add BD10 million to the Enterprise Financing Portfolio
Dubai Islamic Bank is pleased to announce that it has gained the necessary approvals and authorizations to issue new shares in order to execute the share swap for those Tamweel investors.
May 8, 2013
Emirates NBD announced the official inauguration of the Emirates Towers branch, which has been relocated at the Emirates Towers Boulevard, at the heart of Dubai’s business and financial district.
Al Ramz Securities posted its fourth consecutive month of market leadership this year by trading AED 2.2 billion in April to account for a solid 9.86 per cent of national brokering.
Abu Dhabi Islamic Bank (Adib), one of the major lenders in the UAE, said yesterday its fiscal first quarter net profit rose 10.7 per cent on year to Dh340.1 million while its total assets increased 15.9 per cent year-on-year to Dh88.7 billion and net customer financing rose 8.9 per cent to Dh54 billion.
May 7, 2013
The Central Bank of Bahrain (CBB) announced yesterday (Monday: 6 May 2013) that this week’s BD35 million issue of Government Treasury Bills has been oversubscribed by 297%.
Dubai Islamic Bank has announced that it has won the Dubai Human Development Award at the 18th Business Excellence Awards.
Continuing its leadership position in the credit cards space, leading financial institution Mashreq launched the First Everyday Card in the UAE.
Visa cardholders spent $4.7 billion on their cards while visiting the UAE in 2012.
May 6, 2013
Investments in the Dubai World Central projects reached Dh22 billion to date, according to Khalifa Al Zaffin, executive chairman of the Dubai Aviation City Corporation, who did not provide a breakdown of the spending.