Gulf International Bank (GIB) has also announced its sponsorship of the Banks in Bahrain reception.
GIB is a leading bank in the Middle East with its principal focus on the GCC. "The bank provides client-led, innovative financial products and services to a wide customer base in the region," GIB chief executive Dr Yahya Al Yahya said.
"This is an important time for Bahrain's banking and the financial sector to promote itself abroad and this will be an ideal occasion to do so," Bahrain Association of Banks chief executive officer Robert Ainey said.
"Last year's event was a great success with more than 400 guests attending the reception, including ministers of finance, central bank governors, chairmen and chief executives of major banking groups, diplomats, businessmen and the media," he added.
NBAD Issues $465m convertible bonds
The National Bank of Abu Dhabi (NBAD) has issued $465m senior unsecured convertible bonds, convertible into ordinary shares of NBAD.
The offering, due in 2018, was increased from an initial
Markaz profits reach KD2.56m in Q1 2013
Kuwait Financial Centre (Markaz) announced a net profit of KD2.56m for the first quarter ending 31st March 2013, a net profit of 5 fils per share as compared with a net profit of KD2.82 during the sa
Arabtec wins $108m Saudi hospital contract
A subsidiary of Dubai-based contractor Arabtec Holding has won a SR404-million ($107.7 million) contract to build a hospital in Saudi Arabia, the company said in a statement on Saturday.
KFH-Research: Participation banks growing rapidly in Turkey
KFH-Research issued a report stating that participation banks (Islamic banks) in Turkey form 5.2% of banking assets and will reach 10% by 2018, since those banks surpass the rest of the banking secto
ADS Securities signs MoU with Asian conglomerate Tune Group
In a landmark strategic alliance, ADS Securities, the Abu Dhabi-based brokerage and financial services trading company signed a Memorandum of Understanding (MOU) with Asian conglomerate Tune Group th