This asset has a book value of $20 million and the deal is expected to have a positive impact on its financial results for the second quarter of 2017. (Pixabay)
June 29, 2017 - 10:31 GMT
GFH, a prominent financial group in the GCC region, said it has signed an agreement with Promoseven Holdings in Bahrain to exit part of its real estate portfolio with an approximate value of $55 million.
GIB’s Chairman, His Excellency Mr. Jammaz bin Abdullah Al-Suhaimi.
June 29, 2017 - 06:22 GMT
Gulf International Bank (GIB) is pleased to announce that it has been granted a conventional retail banking licence in the Kingdom of Bahrain by the Central Bank of Bahrain.
Iran's Foreign Minister Mohammad Javad Zarif (R) and his German counterpart, Frank-Walter Steinmeier, during a meeting on February 2, 2016, in Tehran. (Atta Kenare/ AFP)
June 28, 2017 - 12:27 GMT
Germany has expressed its desire for stronger banking ties with Iran.
Kim Tran - Head of Trade Sales and Advisory Europe and Americas, FAB
June 28, 2017 - 10:36 GMT
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been recognised as the ‘Best Trade Finance Bank in MENA’ at the GTR Leaders in Trade 2016 awards.
The company has set up a team of employees, who are committed to the highest standards of hygiene and safety, to distribute Iftar meals to workers across specified locations in the UAE throughout the holy month.
June 22, 2017 - 11:28 GMT
Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, distributed 7,000 ready-made Iftar meal packs nationwide to the needy during the Holy Month.
The Saudi Stock Exchange (Tadawul). (AFP/ File)
June 21, 2017 - 08:48 GMT
The announcement comes after a series of market reforms taken by Tadawul.
Gulf Bank staff volunteered their time to visit children in seven hospitals over the course of one week.
June 21, 2017 - 07:48 GMT
Gulf Bank is pleased to have continued its annual tradition of celebrating Gergean with children across Kuwait.
A currency trader in Tokyo observes progress in the US presidential election as a TV channel displays portraits of contenders Hillary Clinton and Donald Trump. (AFP)
June 20, 2017 - 22:40 GMT
Tokyo stocks extended their winning streak for a third straight session on Tuesday.
Barclays. (File photo)
June 20, 2017 - 22:23 GMT
British authorities on Tuesday charged Barclays and four former executives with fraud.
The index score is based on insights from a panel of industry thought leaders, who form the Wealth Sentiment Index Council, which is composed of affluent individuals and industry experts (60%).
June 20, 2017 - 08:52 GMT
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has announced the latest score of its Wealth Sentiment Index (WSI), which has increased from 1038.28 in May, to 1054.52 in June 2017.
Kholoud Mousa. (SG)
June 19, 2017 - 13:29 GMT
Kholoud Mousa is the first Saudi woman certified public accountant in Saudi Arabia.
Financial data. (File photo)
June 19, 2017 - 12:32 GMT
A look at fintech in the GCC.
Sanjay Malhotra, Chief of Consumer Banking, DIB
June 18, 2017 - 11:40 GMT
Dubai Islamic Bank (DIB) is now offering customers an instant funds transfer solution for those wiring money to India.
Moody’s rating reflects Bank Nizwa’s strong performance and the increasing penetration of Shari’a-compliant banking assets in Oman.
June 18, 2017 - 09:21 GMT
Reflecting its top quality assets and operating margins, Bank Nizwa was assigned first time ratings of Baa3 by Moody’s, one of the world’s most renowned credit rating agencies.
The gathering was attended by senior officials from key Mastercard merchant and bank partners.
June 18, 2017 - 08:25 GMT
Celebrating the spirit of the holy month of Ramadan, Mastercard recently hosted its annual Iftar event in honor of its customers and business partners in the UAE.
The event was attended by all MEPS employees and senior management.
June 18, 2017 - 08:19 GMT
Strengthening relations among its staff members, Middle East Payment Services (MEPS) recently organized a recreational event at the Dead Sea Marriott Resort & Spa.