Banking & Finance
June 11, 2013
Bahrain has picked four banks to arrange investor meetings ahead of a potential sovereign bond issue, a document from lead managers said yesterday, with proceeds likely to be used to plug an expected budget deficit for 2013.
Dubai Islamic Bank has signed an agreement with emaratech to facilitate electronic Direct Debit payments.
Gulf Bank announced today that Fitch Ratings, one of the world’s leading international credit rating agencies, has upgraded the Bank’s Viability Ratings to 'bb-' from 'b+'.
June 10, 2013
Qatar Petrochemical Company (QAPCO) has secured a QAR 1.1 billion facility from Barwa Bank to fund its expansion plans.
Gulf Bank, with The Export Import Bank of Korea (Korea Eximbank), signed a Memorandum of Understanding which aims at collaboratively financing the industrial and commercial projects in the state of Kuwait.
Affirming its commitment to its customers, Mashreq has announced a host of additional surprises for its debit and credit card members during Dubai Summer Surprises (DSS).
Jordan Ahli bank recently sponsored Jordan’s First Children Creative Arts Festival, an event organized by the Creative Jordan Association.
June 9, 2013
Qatar's Central Bank said on Thursday it would issue 1 billion Qatari riyals ($300 million) worth of sukuk and 3 billion riyals worth of bonds next week.
UAE Exchange is famous for its penchant for quality.
June 5, 2013
Western Union announced that it has signed an agreement with AlexBank to offer Western Union money transfer services in Egypt.
International Bank of Azerbaijan (IBA), the country's biggest lender, plans to raise $100 million through an Islamic syndicated loan this year to develop Islamic banking in the country, the bank said in a statement.
UAE residents, shopping ahead of the summer travel season, can now shop for many of their favourite lifestyle brands under one roof, thanks to the warehouse sale being hosted by Emirates NBD.
Doha Bank, a leading private commercial bank in Qatar, has announced the launch of its annual summer credit card campaign.
A global network of private companies were blacklisted by the United States on Tuesday for providing revenue to the Iranian government's leadership and helping it evade the pinch from international sanctions on Tehran's nuclear program,
The National Bank of Abu Dhabi's (NBAD) Group Chief Executive Michael H. Tomalin has won the Lifetime Achievement Award from ITP, publisher of Arabian Business magazine.