Banking & Finance
September 10, 2012
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).
The Egyptian government is seeking to deal with its fiscal deficit, the equivalent of 7.6 per cent of economic output, by selling sukuk. This comes after new legislation is passed and in conjunction with other deficit reducing measures.
International Bank of Qatar announced today that prospects and customers applying or transferring loans to the bank will get Apple’s latest tablet, iPad3.
September 6, 2012
His Majesty King Abdullah and Cypriot President Demetris Christofias on Wednesday agreed on the need to boost bilateral relations, especially economic cooperation.
The total value of bonds and Sukuk issued in the Gulf Cooperation Council (GCC) was $37.6 billion during the first half of 2012 (H1 2012), a decrease of 18.7 per cent, compared to the respective period of 2011.
September 5, 2012
The decision to licence the operation of the Islamic banking in the Sultanate has opened up windows of opportunities for the banking sector in Oman, writes Philip Paul, Head of Agency for Cluttons Oman.
September 4, 2012
Jordan's latest member of the corruption ring has surfaced. Haitham Dahleh was arrested and charged last night on four counts of financial misconduct.
Tamweel released data on the sale prices of properties financed within its portfolio over the past 18 months.
Jordan Ahli Bank sponsored Al Jude Foundation’s Sherkitna.
Al Ramz Securities has been named the recipient of NASDAQ Dubai’s inaugural Retail Broker of the Month Award.
September 3, 2012
Authorities plan to introduce direct cash payments to deliver subsidies to targeted segments of Jordanians in next year’s state budget, a government official said Sunday.
The GCC banking sector continued to grow rapidly in the first half of 2012, according to QNB Group analysis.
Emirates NBD has announced a strategic partnership with M.H. Alshaya Co., a leading international retail franchise operator.
September 2, 2012
Burgan Bank announced the new Youth discount program where Youth account holders can enjoy an exclusive range of discounts across selective outlets in Kuwait.
August 30, 2012
The campaign for underprivileged children by UAE Exchange and The United Nations Children's Fund UNICEF, during the holy month of Ramadan, came to an end with the global money transfer donating USD 100,000 for the cause.