Banking & Finance

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Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

March 19, 2013

The World Bank's International Finance Corp is planning to swap local Egyptian currency for dollars
07:46 GMT

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.

Arab banks have threatened a pull out from Cyprus (YIANNIS KOURTOGLOU / AFP)
06:34 GMT

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 are taking industrial action over labor agreements
12:46 GMT

Bank workers in Lebanon have taken are following in the footsteps of public sector workers and taking industrial action over labor agreements.

Andrew Ball, Head of Retail Banking
12:27 GMT
(press release)

International Bank of Qatar announced two key executive appointments within Retail Banking.

Mr. Amr El Kasaby, Burgan Bank’s Group Chief Internal Auditor
09:28 GMT
(press release)

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.

NCB Capital
04:47 GMT
(press release)

In its latest update on the Petrochemicals sector, NCB Capital upgrades APPC and Yansab to Overweight, while maintaining all other ratings.

March 17, 2013

Adnan Chilwan, Deputy Chief Executive Officer, DIB
12:29 GMT
(press release)

Dubai Islamic Bank announced that it has extended the deadline for acceptance of Tamweel share swap applications.

Kuwaiti authorities are said to have reached an agreement on a bail out scheme for banks in the country
10:48 GMT

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.

Bankers applaud at a GCC summit in Bahrain
08:51 GMT

The Bank of Sharjah approves 10% cash dividend to shareholders

Burgan Bank
08:27 GMT
(press release)

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.

Ladder Deposit
05:03 GMT
(press release)

Burgan Bank announced the launch of Ladder Deposit - a new product designed for the needs of Premier customers.

Gulf Bank team along with KOC management team
04:37 GMT
(press release)

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
10:00 GMT
(press release)

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.

Mr. Fawzy Al-Thunayan, General Manager of Board Affairs and Ms. Salma Al Hajjaj, General Manager of Human Resources at Gulf Bank along with the winning team
07:14 GMT
(press release)

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.

The head of the EBRD will visit Jordan next week
07:02 GMT

President of the European Bank for Reconstruction and Development, Suma Chakrabarti, will visit Jordan next week.