Banking & Finance
May 28, 2013
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has appointed Mark Watts as the General Manager, Head and Chief Investment Officer of NBAD’s Asset Management Group.
Standard & Poor’s said that its outlook on National Bank of Kuwait is stable, reflecting the agency’s belief that NBK’s overall business and financial profile will remain resilient and generally unchanged over the next two years.
Al Hilal Bank, the Abu Dhabi –based progressive Islamic bank, has confirmed that it will be officially sponsoring the 37th edition of the UAE Football Association (UAEFA)’s President’s Cup.
May 27, 2013
Standard & Poor’s said that its outlook on National Bank of Kuwait is stable.
UAE Exchange has entered into an agreement with Al Ain Distribution Company (AADC) for bill payments by cash.
May 26, 2013
Egypt will refund taxes collected from Qatar National Bank's acquisition of National Societe Generale Bank to shareholders on Sunday, an official from a clearing company told Reuters on Saturday.
BMI Bank, a Bahrain-based associate of bank muscat, announced that it has agreed, in principle, in favour of a merger with Al Salam Bank Bahrain (ASBB), an Islamic bank incorporated in Bahrain.
Issuance of debt securities saw a strong pick up during the first quarter of 2013 on the back of healthy activity by the non-financial sector in Saudi Arabia and UAE banks, according to the latest research from the National Bank of Kuwait (NBK).
Dubai Islamic Bank has signed an agreement with The Western Union Company to enable its customers to send or receive money domestically and internationally through Western Union’s global network.
The National Bank of Abu Dhabi has issued US $465 million senior unsecured convertible bonds, convertible into ordinary shares of NBAD.
Emirates NBD added another innovative service to its list of achievements by operating the ‘Bank on Wheels’ services, which will enable the bank to assess its growth strategy for physical branches.
International Finance Corp, a unit of the World Bank, is launching with several partners an investment facility worth up to $400 million for the MENA as it tries to spur lending to the region’s large pool of SMEs
Gulf Bank held its Al Danah daily draws on May 19th 2013, announcing the names of its winners for the week of May 19th to May 23rd.
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.