Banking & Finance
April 14, 2013
Dubai Islamic Bank (DIB) has welcomed the first batch of MASRAFI participants, following its recent agreement with the Emirates Institute for Banking and Financial Studies (EIBFS).
National Bank of Kuwait announced the opening of its new branch in Abu Dhabi, the second in the United Arab Emirates.
April 11, 2013
Lebanon, rated B1/B/B, is planning to raise $1 billion through an increase of its outstanding 2023 and 2027 Eurobond.
Kuwait will finance development projects worth $1.3 billion in Bahrain over the next few years, a report said.
Three months into 2013 and growth projections are already being lowered across the globe according to Saxo Bank.
April 10, 2013
Emirates NBD announced the launch of the exclusive Visa Signature Debit Card that enables the bank’s Priority Banking customers to further enrich their overall banking experience.
Gulf Capital announced that its wholly-owned portfolio company, Techno Group Investment Holdings acquired a 75% strategic stake in Dogu Tip, a major player in outsourced diagnostic imaging services in Turkey.
Some articles of Egypt's recently approved sukuk law are “definitely incompatible with Islamic Shari’a law”, said Abdallah Al-Naggar, a member of the Al-Azhar Council of Senior Scholars.
Gulf Bank has announced that it is to extend its ‘We Promise’ campaign to its online services.
The National Bank of Abu Dhabi’s (NBAD) Cautious Income Fund has made a semi-annual distribution of 2.21% of the Net Asset Value (NAV) of US$5.4925 NAV as at 28 March 2013.
April 9, 2013
Lebanon's central bank chief, Riad Salameh, has insisted that the Lebanese banking and financial sectors have not been affected by the ongoing crisis in the region.
United States Agency for International Development (USAID) and Western Union have launched the Libya Diaspora Marketplace (LDM), designed to boost economic growth.
Gulf Bank has announced the appointment of Mr. Vikram Issar as General Manager of Consumer Banking, who joined the Bank in March 2013.
April 8, 2013
Gulf Bank announced that its VISA credit cardholders can now enjoy exclusive deals provided by VISA International through Groupon Middle East.
QNB Group has announced its financial results for the three months ended 31 March 2013.