Banking & Finance
July 29, 2014
Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of US$50.2 million for the six months ended 30th June 2014, compared to US $60.6 million in the prior year period. Net income after tax in the second quarter was US$21.1 million.
July 27, 2014
The Chartered Institute of Management Accountants (CIMA) has announced several new opportunities for students and professionals across the GCC to acquire the globally certified qualification at special rates if enrolled before 31 July 2014.
Gulf Bank is welcoming its third batch of eager young adults that will be undergoing a 5 week Internship Program via ‘Lothan Youth Achievement Center’ (LOYAC) which specializes in preparing youth in Kuwait to assume leadership roles in their future careers.
July 24, 2014
The UAE's largest bank, Emirates NBD, reported a net profit growth of 30 percent for the first half of the year.
Kuwait's largest privately owned investment company said it was on track to meet the target of a double-digit rise in revenue this year.
The Government of Pakistan has appointed the consortium headed by Dubai Islamic Bank (DIB) as the Financial Advisor on the Restructuring of Pakistan International Airlines Corporation.
July 23, 2014
Burgan Bank Group announced its first half results for the financial year 2014. Burgan Bank Group reported net income of KD33.3 million for the first half of the financial year 2014 reflecting 19.4% growth.
Sharjah Islamic Bank announced its 1st Half 2014 results with Net Profits reaching AED 202.1 million, compared to 134.7 million achieved in the same period last year, a 50% growth rate.
HSBC Bank Oman continued its branch investment programme with more branches refurbished to help deliver the best in-branch customer experience
July 22, 2014
Sharjah Islamic Bank has launched their Splendid Summer Offer – a new highly competitive personal finance product with the lowest rates ever, starting from only 2.99%.
Shocks to the system from Ukraine and Israel’s ground invasion of Gaza come at a time when markets have been worried about economic growth on both sides of the Atlantic and digesting second-quarter earnings reports.
July 21, 2014
Mashreq, UAE’s leading financial institution, received the Superbrands 2014 for the 4th year in a row from the Superbrands Council UAE.
Arabtec was suspended from trade on Thursday due to ambiguity on share ownership by Aabar Investments.
“The Central Bank of Cyprus announces that, under the powers conferred to it by the relevant legislation, [it] has taken over, as of today, the management of the operations of the branch of FBME Bank Ltd. in Cyprus."
July 20, 2014
The National Bank of Abu Dhabi (NBAD) has appointed Marc Mollema as the Managing Director and Global Head of Energy & Resources as NBAD aims to expand its services to the sector.