Banking & Finance
April 18, 2013
The World Bank is to offer a low interest, long-term $70 million loan to Jordan to help finance micro-projects and SMES.
Investments in green energy are crucial for GCC states to continue being positioned as the leading energy bloc according to Giel-Jan Van der Tol, General Manager – Wholesale Banking, Emirates NBD.
Alpen Capital has appointed Edward Villiers, Global Head of Financial Institution Sales and Head of Global Financial Markets, London at Rabo bank International as a member of its Board of Directors.
Prince de Galles, the luxury 5-star Hotel in Paris, finalized a refinancing deal with the National Bank of Abu Dhabi’s (NBAD), involving its offices in Geneva, Paris and London.
April 17, 2013
The National Bank of Abu Dhabi has been appointed as the Financial Advisor and Lead Arranger for the fund raising exercises by Cosmos Petroleum & Mining Sdn. Bhd. (Cosmos).
Cyprus is due to withdraw restrictions on deposits as Lebanese are urged to deposit their savings in backs back at home.
Emirates NBD, announced that the logo for the bank’s 50th anniversary celebrations had been selected from among 3000 plus entries, with Bas Ter Laare declared the winning designer for his logo.
April 16, 2013
Bank employees in Lebanon vowed Monday to stage fresh protests and sit-ins on April 28 to press their demand for the renewal of a 2008 collective labor agreement.
Saudi Prince AlWaleed Bin Talal topped the 100-person richest Arabs list, according to Forbes, as former Lebanese PM Najib Mikati comes in it at 8th.
FGB has confirmed that all Emirati Al Awwal Islamic Certificate owners will receive a return of 1.5% on the total value of the certificates they hold, which will be directly transferred to their accounts on a monthly basis.
April 15, 2013
National Bank of Kuwait held the 6th annual meeting of its International Advisory Board in Kuwait to discuss the latest economic and geopolitical developments in the region and world as well as NBK’s strategy.
There are currently no Libyan deposits at the Central Bank of Egypt (CBE), said a media spokesperson at the CBE.
New figures from the Central Bank of Jordan show an increase in remittances to the country and tourism revenues.
The Central Bank of Egypt (CBE) held an exceptional foreign exchange auction of $600 million on Sunday.
Leading Lebanese banks’ profit growth will be on the upswing in the first quarter of 2013, according to FFA Private Bank market research.