Banking & Finance
April 23, 2013
Gulf Bank today announced a net profit of KD 7.9 million for the first quarter of 2013, against KD 7.4 million for the same period last year.
April 22, 2013
The combined wealth of the ten richest Arabs in the UK now exceeds $17.5 billion, according to an annual ranking by the Sunday Times.
Gulf Bank announced Allam Ahmed Shadid as the winner of the first quarterly KOC prize draw for 2013.
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, won the ‘Best Corporate Bond Arranger Award’ at The Banker Middle East Product Awards 2013.
April 21, 2013
Lebanon successfully closed a $1.1 billion eurobond issue Thursday with 20 percent of the bond snapped up by foreign investors, the Finance Ministry said in a statement.
Dubai Islamic Bank announced the launch of its social media channels, including Facebook, Twitter, YouTube and LinkedIn.
This travel season, Mashreq has announced the launch of a special Travel programme to help customers take off with fabulous offers and exciting travel benefits on their Mashreq Credit and Debit Cards.
As part of its long term strategy to be actively involved in youth empowerment efforts, Jordan Ahli Bank sponsored the Model United Nations (MUN) Conference, hosted by Al Asriyya Schools recently.
Emirates NBD announced that it has signed a partnership agreement with Porsche Services Middle East to jointly offer financial solutions for new and pre-owned auto purchases from the German Volkswagen Group to customers based in the UAE.
April 18, 2013
The World Bank is to offer a low interest, long-term $70 million loan to Jordan to help finance micro-projects and SMES.
Investments in green energy are crucial for GCC states to continue being positioned as the leading energy bloc according to Giel-Jan Van der Tol, General Manager – Wholesale Banking, Emirates NBD.
Alpen Capital has appointed Edward Villiers, Global Head of Financial Institution Sales and Head of Global Financial Markets, London at Rabo bank International as a member of its Board of Directors.
Prince de Galles, the luxury 5-star Hotel in Paris, finalized a refinancing deal with the National Bank of Abu Dhabi’s (NBAD), involving its offices in Geneva, Paris and London.
April 17, 2013
The National Bank of Abu Dhabi has been appointed as the Financial Advisor and Lead Arranger for the fund raising exercises by Cosmos Petroleum & Mining Sdn. Bhd. (Cosmos).
Cyprus is due to withdraw restrictions on deposits as Lebanese are urged to deposit their savings in backs back at home.