Banking & Finance
May 26, 2013
Total lending by Oman's commercial banks grew 8.7 per cent in the first quarter of this year to RO14.28bn as compared to RO13.14bn a year ago.
National Bank of Abu Dhabi (NBAD), Abu Dhabi’s biggest lender by assets said yesterday it has issued $465 million senior unsecured convertible bonds, convertible into ordinary shares of NBAD. The issue was more than three times oversubscribed.
May 23, 2013
Bank Alkhair, a Bahrain-headquartered Islamic wholesale bank, has announced the successful closure of the first tranche of a $750 million sukuk programme by Saudi Arabia's Dar Al Arkan real estate development company.
Mashreq plans to tap the rising demand for banking services by mobile phone users with the launch of an enhanced version of its Mobile Banking Service called ‘Snapp’.
National Bank of Abu Dhabi graduated 253 employees who successfully completed Al Manara, a branch management and operations training programme.
The Islamic Development Bank Group has decided to increase its authorized capital from $ 45 billion (30 billion Islamic dinars) to $ 150 billion (100 billion dinars) on the recommendation of the two extraordinary Islamic summits held in Makkah.
May 22, 2013
Standard Chartered Bank’s MasterCard Titanium Credit Card won the “Best New Credit Card in the Middle East” award during the Cards Middle East Forum 2013.
Saudi economic growth will slow to 4.4 percent in 2013 from 6.8 percent last year due to an expected fall in oil production, and cuts in government spending, the International Monetary Fund said Tuesday.
National Bank of Kuwait has signed a financing agreement with a Joint Venture led by Associated Construction Co to finance Al Amiri Hospital Expansion project.
May 21, 2013
Emirates NBD, a leading bank in the region, announced today the launch of RISE - a brand new initiative from the Business Banking division.
Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, announced recently the names of winners in the quarterly raffle draw of its popular Kunooz Value Plus Account.
As part of its ongoing aims to enrich the market with innovative financial products and services, Jordan Ahli Bank recently introduced its flagship “Go Green Loan” program.
May 20, 2013
Ahli United Bank is rapidly expanding Point of Sale Acquiring in Bahrain with state of the art systems and terminals and innovative features.
Experts and senior analysts from HSBC discussed how China’s businesses and Renminbi currency are playing an increasingly important role in world trade during a seminar organized for HSBC Bank Oman’s corporate clients.
Yields on Egyptian three- and nine-month treasury bills climbed on Sunday and the auction's size was reduced after a new central bank decree limited the amount of funds that banks can channel into money market funds to buy T-bills.