Banking & Finance
September 16, 2012
Jordan Ahli Bank sponsored the 5th Edition of the Hakaya Festival, adding another chapter to its long track record of sponsorships.
Al Baraka Turk Participation Bank, the Turkish subsidiary of Bahrain-based Al Baraka Banking Group, has concluded a record Islamic finance deal in Turkey worth $450 million with the participation of a group of major international banks.
Mashreq announced the recruitment of two new branch managers.
Arab Bank recently received the Best Consumer Internet Bank in Jordan award from Global Finance for its Arabi Online Internet banking service for the fourth consecutive year.
First Gulf Bank, FGB, has mandated a group of banks as Initial Mandated Lead Arrangers and Bookrunners, to arrange on its behalf a new USD 800,000,000 three year, senior unsecured term loan facility.
September 13, 2012
Emirates NBD, a leading bank in the region, announced today that it would extend its “Banker for a Day” initiative to include students from the Northern Emirates region beyond Sharjah.
At last, markets are getting what they wanted: bad employment data from the US to force the hand of the US Federal Reserve, a clear statement of intent from the ECB that keeps everyone happy.
September 12, 2012
Barclays Bank announced that it is continuing the strategic expansion of its wealth and investment management capabilities in the MENA region with the appointment of Sandip Aggarwal as Director, Private Banker.
Burgan Bank announced the commencement of its Credit card delivery services to its bank’s valued Premier and Private banking customers, which aims at providing value added services in a timely and efficient manner.
September 11, 2012
Xpress Money, the world’s most dependable money transfer business, today announced the launch of its new iPhone application that allows customers to track their transactions via their mobile phones.
Burgan Bank announced today the names of the first two winners of the bank cardholder’s monthly draw to win an iPad3 and Samsung Galaxy SIIIon it cards campaign.
Arab Bank, Jordan's largest lender, is seeking to regain access to its Al Wahda bank unit in Libya after last year's uprising forced it to exit the country.
Emirates NBD Asset Management announced that its Emirates MENA Fixed Income Fund and its Emirates Global Sukuk Fund have both been awarded a Silver grading.
September 10, 2012
Kuwait’s inflation edged up to 3.1 per cent in July and should remain contained this year, says Daniel Kaye, Senior Economist, for National Commercial Bank
Egypt's prime minister Hisham Kandil expects to conclude a $4.8 billion IMF loan deal within two months and is in talks for additional budget support worth about $1bn from the World Bank and the African Development Bank (AfDB).