Banking & Finance
June 12, 2013
The Ministry of Finance and the Central Bank of the UAE have announced today the signing of a Memorandum of Understanding (MoU) in implementation of a Council of Ministers resolution.
Doha Bank, the leading private commercial bank in Qatar, has launched ‘Al Hayer GCC & MENA Fund’ for Qatari Individuals, Corporates and Institutions.
Capital Club Bahrain hosted its second Ladies Only Luncheon, hosted by General Manager, Shahnaz Pakravan.
Standard Chartered has been named “Best Project Finance House in the Middle East” at the Euromoney Awards for Excellence 2013.
Gulf Bank recently hosted an evening at Sheraton Hotel to announce their appointment as Joint Lead Manager in a five year KD 60 million bond issue for United Real Estate Company (URC).
After recording a strong growth in first quarter net profit and net income, Emirates Islamic Bank is gearing up towards an aggressive push in the competitive retail
June 11, 2013
Emirates NBD announced that it has won the ‘Best Corporate Card’ award at the Smart Card Awards Middle East 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.