Banking & Finance
March 19, 2013
The World Bank’s International Finance Corp is reportedly planning to conduct currency swaps in Egypt to help local firms meet their foreign exchange needs.
Following the decision to place a levy on savers as part of a bailout deal in Cyprus, almost causing a run on the banks, Arab institutions may abandon the smallest region in the Eurozone if the savings tax isn't reversed, the head of the World Union of Arab Bankers warned.
March 18, 2013
Bank workers in Lebanon have taken are following in the footsteps of public sector workers and taking industrial action over labor agreements.
International Bank of Qatar announced two key executive appointments within Retail Banking.
Burgan Bank recently held the first Group Internal Audit Meeting in 2013 under the leadership of Burgan Bank’s Group Chief Internal Auditor, Mr. Amr El Kasaby.
In its latest update on the Petrochemicals sector, NCB Capital upgrades APPC and Yansab to Overweight, while maintaining all other ratings.
March 17, 2013
Dubai Islamic Bank announced that it has extended the deadline for acceptance of Tamweel share swap applications.
Kuwaiti authorities are said to have reached a provisional agreement under which its Government will buy out billions of dollars of bank loans and reschedule them interest free.
The Bank of Sharjah approves 10% cash dividend to shareholders
Burgan Bank has inaugurated recently a new branch located in Khaitan, extending the bank’s offer of financial services to residents of Khaitan, and continued focus on client service.
Burgan Bank announced the launch of Ladder Deposit - a new product designed for the needs of Premier customers.
Gulf Bank has sponsored the ‘Fifth Town Hall Meeting and Exhibition between KOC and Contractors’, which was held at the Mishref International Fairgrounds, from 5th - 7th of March 2013.
March 14, 2013
Operation Smile UAE announced today that it will be organising a three-day vital cleft care conference in Abu Dhabi next week for Speech and Language therapists from the region, with the support of Gulf Capital.
Gulf Bank has applauded the success of its first Gulf Bank Football Tournament, which was organized by the Bank’s internal communications team to help support and strengthen its relationship with its employees.
President of the European Bank for Reconstruction and Development, Suma Chakrabarti, will visit Jordan next week.