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Bahrain Court Decision Supports Appointment of Administrators to Awal Bank by the Central Bank of Bahrain

court result in favour of the CBB following the appeal launched by the former Chairman of Awal Bank, against the decision made by the CBB on 30 July 2009 to place Awal Bank into administration. The ruling supports the CBB’s decision to place Awal Bank into administration due to Awal Bank’s defaults ...

30/06/2010 - 13:11 - comment 0

Al Ramz and Awal partner with CNBC-Arabia

with CNBC-Arabia in cooperation with AWAL IT Services. Al Ramz Securities, one ... with AWAL IT Services, a company specializing in Information Technology (IT), computer software ... Director, Al Ramz Securities; Nasr Abu Shoaib, CEO, AWAL IT Services; and Nabeel Hood, representative ...

Press Release - 24/08/2011 - 07:31 - comment 0

Corruption exposed: Bahrain accuses bank officials of money laundering

cross-border fraud dispute. The charges issued against Awal Bank executives by the country's public ... billionaire embroiled in a massive cross-border fraud dispute.    The charges issued against Awal Bank ... was charged.  Awal Bank is controlled by Maan al-Sanea, who also heads Saudi conglomerate Saad Group. ...

Editor's Choice - 09/03/2011 - 09:27 - comment 0

First Gulf Bank’s rewards customer with AED 1 million in Emirati Al Awwal quarterly draw

First Gulf Bank awarded Mansour Hamdan the grand ... Bank (FGB), awarded Mansour Hamdan the grand jackpot prize of AED 1 million as part of its quarterly ... ups Mohammed Ali Al Nuaimi and Abdullah Al Rumaithi with AED 200,000 prizes.  The Emirati Al Awal ...

Press Release - 16/12/2012 - 06:01 - comment 0

First Gulf Bank expands customer outreach with two new Dubai branches

First Gulf Bank (FGB) has opened two new branches ... Bank (FGB) has opened two new branches in Dubai to expand its network and to enhance its customer ... to increase convenience for customers when carrying out banking transactions, and to reinforce its ...

Press Release - 20/02/2013 - 10:56 - comment 0

BMA grants licenses to three foreign banks

a Bahrain-incorporated OBU. Awal Bank is being set up with a paid up capital of $200 million. It will offer investment ... The Bahrain Monetary Agency has granted three new bank ... has granted three new bank licenses, while a fourth application has been approved, in principle, ...

15/08/2010 - 12:23 - comment 0

Gulf family companies begin to suffer the economic downturn

meltdown is taking a heavy toll on Saudi billionaire Maan Al-Senea.  The Saudi Arabian Central Bank froze ... to the bank, the reason for freezing their accounts is confidential.  Al-Senea announced that the Saad group was searching for ways to restructure the outstanding debts of its real estate, banking, and health care ...

14/08/2010 - 18:48 - comment 0

H.H. the crown prince leads Bahrain delegation to world economic forum on the Middle East

Bank• Mr. Adel Matar, EDB Board Member, CEO & Managing Director, Awal Gulf Manufacturing Co. • Sh. Salman bin Khalifa Al Khalifa, Head, Global Markets Middle East & North Africa, Deutsche Bank ... Computer Centre• Mr. Mohammed Abdulkarim, Director of Financial Stability at Central Bank of Bahrain ...

16/05/2010 - 17:57 - comment 0