Banking & Finance

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Boeing forecasts that airlines in the Middle East will require 2,610 new airplanes over the next 20 years, worth an estimated $550 billion.
October 21, 2014 - 04:55 GMT
Boeing, a leading aircraft manufacturer, said today that commercial financial institutions in the Middle East are increasingly funding the region’s record number of airplane deliveries.

August 20, 2014

Standard Chartered Bank
13:54 GMT
(press release)

Standard Chartered Private Equity announced the acquisition of a minority stake in Topaz Energy and Marine, one of the world’s leading offshore support vessel operators, through an equity investment of US$ 75 million.

August 19, 2014

FGB's new Head of Corporate Finance Advisory, Michael Aissaoui
11:44 GMT
(press release)

FGB, one of the leading banks in the UAE, has announced the appointment of corporate finance specialist, Michael Aissaoui.

Shayne Nelson, Group CEO, Emirates NBD
10:31 GMT
(press release)

Emirates NBD, a leading bank in the region, was honoured at the Global Brand Excellence Awards 2014 with five coveted awards across branding, marketing and customer experience categories.

Qamber Al Mulla, the Senior Managing Director & CEO of Gulf & International of NBAD
06:16 GMT

The National Bank of Abu Dhabi (NBAD) has renamed its wholly-owned subsidiary in the Americas to NBAD Americas N.V.

“Petrochemicals stocks are very promising - SABIC is probably the cheapest global petrochemical producer and I expect it will be one of the first stocks to be allowed direct foreign ownership,” said Chawdhry.
01:04 GMT

The Saudi Tadawul All Share Index rose 0.48 percent to close at 10,639.04 points, its highest finish since January 2008 and its 13th gain in the 15 sessions since authorities announced plans to allow direct foreign ownership of shares early next year.

August 18, 2014

Best Commercial Bank in the Middle East 2014 certificate
10:46 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has been voted as the ‘Best Commercial Bank in the Middle East 2014’ by the Global Banking and Finance Review Awards.

During the event
08:58 GMT
(press release)

Jordan Ahli Bank's SME Academy Unit held a new training workshop on the principles of effective communication in the workplace, which took place at the Sheraton Hotel under the guidance of certified instructor Sereen Abu Maizar.

But taking into account the depreciation of the Syrian pound against the U.S. dollar, the results show a steeper decline of nearly 77 percent.
04:55 GMT

The combined net profits of six out of seven Lebanese banks operating in Syria dropped 54 percent in the first half of 2014.

August 17, 2014

Caetano Fernandes, Senior Vice President and Head of Mashreq Gold, Mashreq
10:11 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions, announced yet another innovative solution to provide unprecedented benefits to its customers.

The winners
09:16 GMT
(press release)

Jordan Ahli Bank recently announced and congratulated Ms. Joel Raed Ezzat Taama the winner of the Goushan Al Omor Dream Villa in Greenland.

August 14, 2014

Lebanon’s Parliament has not approved a budget since 2005.
22:57 GMT

The Finance Ministry said Wednesday that the treasury has money to pay the salaries of civil servants for only two months,

August 13, 2014

12:36 GMT

International Bank of Qatar (IBQ) announced the latest winner of the monthly lucky draw of its highly popular ‘thanq’ rewards programme.

Al Etihad Credit Bureau will continue to collaborate with its partners to upload customers’ credit information for the past 24 months.
12:10 GMT

The credit reports will include records about consumers’ debt levels, financial obligations, credit payments, history of default payments and late payments.

August 12, 2014

Jordan's credit challenges lie mostly in its fiscal and external accounts.
15:21 GMT

The rating agency says that although domestic politics have been fairly stable, the government faces continued pressure to maintain social spending.

Abu Dhabi Islamic Bank
08:51 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB), Commercial Bank of Dubai (CBD) and Dubai Islamic Bank (DIB) have jointly finalised a USD 425 million Shari’a-compliant financing with Emirates airline for the acquisition of two Airbus A380s.