Banking & Finance

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Gulf entities have provided at least $30 billion of funding, at current prices, for African infrastructure over the last decade.
November 24, 2014 - 00:30 GMT
In the year 2000, The Economist magazine famously described Africa as “the hopeless continent” on its cover.

June 11, 2013

Omar K. Alghanim, Gulf Bank’s Chairman
07:57 GMT
(press release)

Gulf Bank announced today that Fitch Ratings, one of the world’s leading international credit rating agencies, has upgraded the Bank’s Viability Ratings to 'bb-' from 'b+'.

June 10, 2013

The interest generated by the bid demonstrates the confidence that the local financial institutions place in supporting the local industrial sector
12:31 GMT

Qatar Petrochemical Company (QAPCO) has secured a QAR 1.1 billion facility from Barwa Bank to fund its expansion plans.

Gulf Bank will jointly work with Korea Eximbank to provide financial solutions to Korean companies in Kuwait
11:38 GMT

Gulf Bank, with The Export Import Bank of Korea (Korea Eximbank), signed a Memorandum of Understanding which aims at collaboratively financing the industrial and commercial projects in the state of Kuwait.

Nimish Dwivedi, Head of Payments at Mashreq
10:40 GMT
(press release)

Affirming its commitment to its customers, Mashreq has announced a host of additional surprises for its debit and credit card members during Dubai Summer Surprises (DSS).

Jordan Ahli bank
07:46 GMT
(press release)

Jordan Ahli bank recently sponsored Jordan’s First Children Creative Arts Festival, an event organized by the Creative Jordan Association.

June 9, 2013

Qatar Central Bank to issue 4 billion riyals of debt
14:36 GMT

Qatar's Central Bank said on Thursday it would issue 1 billion Qatari riyals ($300 million) worth of sukuk and 3 billion riyals worth of bonds next week.

Superbrands 2013
11:55 GMT

UAE Exchange is famous for its penchant for quality.

June 5, 2013

Western Union
13:20 GMT
(press release)

Western Union announced that it has signed an agreement with AlexBank to offer Western Union money transfer services in Egypt.

International Bank of Azerbaijan (IBA)
13:10 GMT

International Bank of Azerbaijan (IBA), the country's biggest lender, plans to raise $100 million through an Islamic syndicated loan this year to develop Islamic banking in the country, the bank said in a statement.

Saif Al Mansoori, Deputy Head - Group Marketing and Branding, Emirates NBD
12:11 GMT
(press release)

UAE residents, shopping ahead of the summer travel season, can now shop for many of their favourite lifestyle brands under one roof, thanks to the warehouse sale being hosted by Emirates NBD.

During the event
12:06 GMT
(press release)

Doha Bank, a leading private commercial bank in Qatar, has announced the launch of its annual summer credit card campaign.

Bank Saderat Iran
11:12 GMT

A global network of private companies were blacklisted by the United States on Tuesday for providing revenue to the Iranian government's leadership and helping it evade the pinch from international sanctions on Tehran's nuclear program,

Michael H. Tomalin, the NBAD’s Group Chief Executive (middle) receives the Lifetime Achievement Award
09:49 GMT

The National Bank of Abu Dhabi's (NBAD) Group Chief Executive Michael H. Tomalin has won the Lifetime Achievement Award from ITP, publisher of Arabian Business magazine.

Super Brand 2013
09:12 GMT
(press release)

Al Ansari Exchange has been named a UAE Superbrand for the eighth consecutive year.

Rohit Garg, Head of Business Banking and Tooran Asif, Head of Personal Banking, Mashreq
09:03 GMT
(press release)

Mashreq Al Islami, the Islamic banking arm of Mashreq Group, recently launched a range of Islamic banking solutions for business banking clients.