EFG Hermes stressed that BLOM’s stocks had outperformed the remaining listed shares of Lebanese banks on the Beirut Stock Exchange.
August 23, 2017 - 12:39 GMT
Cairo-based investment bank EFG Hermes expects Lebanon’s three largest banks to record a slight increase in customer deposits at the end of 2017 despite the challenges in the country.
Thuwaini Khaled Al-Thuwaini, deputy chief investment banking officer
August 23, 2017 - 11:14 GMT
Warba Bank has adds another investment to its global real-estate investment portfolio with the acquisition of a property in Euless, a suburb of Dallas, Texas.
Falcon Private Bank
August 23, 2017 - 08:54 GMT
Falcon Private Bank, in cooperation with Bitcoin Suisse AG, has enhanced its blockchain asset management services by adding Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
Kuwait Finance House-Bahrain
August 23, 2017 - 06:26 GMT
Kuwait Finance House-Bahrain (KFH-Bahrain) recently held the raffle draw of its summer Cash Back campaign at the Bank’s headquarters located at the Bahrain World Trade Centre.
Bank Nizwa - Highest Profit Milestone
August 22, 2017 - 10:22 GMT
Bank Nizwa achieved the highest growth rate in Oman’s banking industry reaching 200% after tax during the first half of 2017.
DIFC said the finalists were selected based on their level of business maturity, potential to thrive at the accelerator and “degree of fit” with the partnering financial institutions. (GB)
August 22, 2017 - 09:54 GMT
Dubai International Financial Centre (DIFC) has selected the first 11 finalists for its FinTech Hive start-up accelerator programme announced in partnership with Accenture in January.
Mrs. Salma Al-Hajjaj, General Manager for Human Resources at Gulf Bank, and Mr. Fawzi Al-Majdalli, Secretary General at MGRP signed the agreement on 21 August 2017 at the MGRP headquarters.
August 22, 2017 - 09:33 GMT
Gulf Bank is pleased to announce that it has signed a strategic partnership with the Manpower and Government Restructuring Program (MGRP).
1st Salalah International Forum On Islamic Finance
August 20, 2017 - 12:01 GMT
Bank Nizwa sponsored and participated the 1st Salalah International Forum on Islamic Finance in partnership with the College of Banking and Financial Studies (CBFS) and Shari’a-compliant experts Tawafuq Consultancy in Malaysia.
This service enables Premier Banking customers to receive new bank notes before the Eid holidays at their offices or homes
August 20, 2017 - 06:31 GMT
Burgan Bank announced today the free Eideya Delivery service to Premier Banking Customers in collaboration with “Qiblah” company for concierge services.
Noor Bank. (File photo)
August 17, 2017 - 10:34 GMT
Noor Bank has allegedly made dozens of redundancies this week as part of a restructuring plan to improve efficiency.
The deposits increased by 20.5 per cent in June,
rising to Dh123 billion
August 17, 2017 - 08:20 GMT
The total value of monetary deposits at the UAE Central Bank amounted to Dh123 billion ($33.5 billion) during the first half (H1) of the year, Dh122.95 billion of which are in banknotes and Dh50 million in coins, a report said.
Hisham Alrayes, CEO of GFH
August 15, 2017 - 08:49 GMT
GFH Financial Group (“GFH”) today announced that it has completed the acquisition of USD 1.2bn infrastructure portfolio in Africa and Middle East.
Saudi Arabia hosted the only three IPOs of this quarter. (File photo)
August 14, 2017 - 14:35 GMT
Activity in the IPO segment in the GCC region witnessed a slowdown during the second quarter of 2017, according to a new report.
ADFD’s country report issued to mark Pakistan’s Independence Day on 14 August, highlighted that the nine development projects have significantly contributed to improving socio-economic conditions in the country.
August 14, 2017 - 13:07 GMT
Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the Government of Pakistan, have enjoyed strong and long-standing ties dating back to 1981.
Husam Mahmoud, Marketing Manager, Al Ansari Exchange receiving the recognition at the TFT awards ceremony.
August 14, 2017 - 12:59 GMT
Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has once again been named as the 'Preferred Remittance Centre of the Year' in this year's edition of The Filipino Times (TFT) Awards.
The programme supports the academic growth of the participating students, each of whom is the first in their family to attend university.
August 14, 2017 - 11:00 GMT
Dubai International Financial Centre (DIFC), the Harvard University South Asia Institute (SAI) and the Harvard Business School Club of the GCC have collaborated to offer a five-day intensive course for 50 underprivileged students.