Banking & Finance
May 20, 2013
Mashreq won over the independent panel of expert judges to walk away with two of the most coveted trophies of the evening viz.
Shura Council decision to raise taxes on loan loss provisions at nation's banks is met by anger; banking officials are slated to meet with newly-appointed finance minister to discuss issue.
The World Bank has approved a $30 million soft loan aimed at supporting a government initiative to improve access to basic services in impoverished parts of the country.
May 19, 2013
Al Watany Bank of Egypt reported net profits of EGP 86.6 million in the first quarter of 2013 compared with EGP 75.1 million in the same period last year, an increase of 15.3% year-on-year.
Gulf Bank has announced that it has donated KD 6000 to the Kuwait Association for the Care of Children in Hospitals.
Leading UAE National financial institution, Mashreq was a big winner at the recently held Smart Card Awards MiddleEast 2013 ceremony.
Emirates Islamic Bank announced the launch of Win back your Personal Finance campaign that offers customers the opportunity to win three prizes of up to a maximum of AED100,000 each.
Gulf Bank held its Al Danah daily draws on May 12th 2013, announcing the names of its winners for the week of May 12th to May 16th.
The banking system in Qatar has been robust, with a compounded annual growth rate (CAGR) of 20 percent in assets from March 2008 - March 2012 and another 20 percent in the year to March 2013.
May 16, 2013
Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.
Emirates Islamic Bank participated in the Employment Expo 2013 hosted by Abu Dhabi Men’s College.
In December 2010 Al Hilal selected The Core Banking Group’s industry leading testing software - TestManager.
His Highness Sheikh Majid bin Mohammed bin Rashid Al Maktoum presented the “Sheikh Mohammed Bin Rashid Al Maktoum Patrons of the Arts” award to Alpen Capital and Bank Sarasin-Alpen.
Dubai Islamic Bank Group announced that its Long Term Issuer ratings have been affirmed by Moody’s at Baa1
Positive global equity markets rubbed off on the Muscat Securities Market general index, which closed Wednesday's trading up 0.53 per cent at 6,352.19.