Rakbank joins hands with Makemytrip.ae
(AME Info
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14/05/2012)
Rakbank has joined hands with Makemytrip.ae, an online travel agent, to offer cardholders a two-for-one holiday package deal. Valid until the end of July and when purchasing any of five holiday packages on Makemytrip.ae, this exclusive offer gives
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Cappinova Q1 net profit slides to $743,000
(CPI Financial
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14/05/2012)
Cappinova Investment Bank (Capinnova), the Shari'ah-compliant investment banking arm of BBK, announced that the bank has reported a net profit of $743,000 for the period ended 31 March 2012, as compared to net profit of $1.2 million for the same period
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BankDhofar signs with Path Solutions for Islamic banking system
(CPI Financial
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14/05/2012)
Muscat/BankDhofar recently named Path Solutions as its Core Banking System provider for its Islamic operations. This system, entitled iMAL, is the first certified core banking system for the bank's Islamic banking operations. The two companies signed an
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BankMuscat visionaries to instil ‘We can do more’ vision
(Oman Daily Observer
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14/05/2012)
BankMuscat, the flagship financial services provider in the Sultanate, recently inducted the bank’s visionaries entrusted with the task of inculcating the new ‘We Can Do More’ vision internally and externally, thereby achieving the bank's goals and
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Emirates NBD funds post robust performance in Q1
(Khaleej Times
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14/05/2012)
Emirates NBD Asset Management, the asset management arm of Emirates NBD, a leading bank in the region, announced on Sunday that its range of funds, including global fund of funds, MENA equity funds and fixed income funds, have demonstrated robust
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ADIB first-quarter profit up 5.8% as deposits, assets rise
(Khaleej Times
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14/05/2012)
Abu Dhabi Islamic Bank, or ADIB, on Sunday said its first-quarter earnings improved 0.9 per cent to Dh307.3 million despite tough market conditions. “Despite the continued challenging market conditions, and an increasing number of regulations, the
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Bank Muscat launches assessment for prospective branch managers
(Oman Daily Observer
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13/05/2012)
BankMuscat, the flagship financial services provider in the Sultanate, recently launched an innovative assessment programme for staff to identify and train prospective branch managers. Over 140 potential branch managers participated in the second batch
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Sharjah Islamic Bank appoints 45 Emirati employees
(AME Info
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12/05/2012)
Sharjah Islamic Bank (SIB) announced the appointment of 45 UAE nationals in the differennt branches and departments of SIB, during an open-day held at SIB's headquarters under the patronage and presence of HE Tariq bin Khadim, Chairman of the Directorate
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OIB to close its India, Pakistan operations
(Oman Daily Observer
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12/05/2012)
Oman International Bank (OIB) has approved a decision to wind down its operations in India and Pakistan. The green-light came at the Bank’s Extraordinary General Meeting (EGM) held at the Intercontinental Muscat on Wednesday. The meeting was chaired by
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Commercial Bank of Kuwait Q1 profit at $1.19 million
(Reuters
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11/05/2012)
Commercial Bank of Kuwait (CBK), the Gulf state's fourth-largest lender, reported a 75-percent drop in first-quarter net profit on Thursday. Net profit was 329,000 Kuwaiti dinars (1.19 million US dollars) in the first three months of the year, compared
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‘QNB in loan talks’
(Gulf Times
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11/05/2012)
QNB, Qatar’s largest bank, is in talks with banks on refinancing a $1.85bn loan maturing July 22, two sources said yesterday. Refinancing the full amount could prove tricky, the bankers said, given the reluctance of European banks to commit new funds in
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ABC Islamic Bank posts net profit of $1.6 million
(Gulf Daily News
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11/05/2012)
ABC Islamic Bank made a net profit of $1.6 million for the first quarter of 2012. A higher net profit of $3m for the first quarter of last year was mainly due to a one-off revenue item of $1.3m which indicates that on a comparable basis, net profit had
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NBO Academy of Excellence holds graduation ceremony
(Oman Daily Observer
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10/05/2012)
In a grand graduation ceremony, NBO Academy of Excellence, the training arm of NBO, recently concluded its flagship training programme titled “NBO Core Banking Programme”. The programme, running for 10 consecutive weeks, is targeted at NBO’s young Omani
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NBK launches 2012 Summer Internship Program
(Al Watan
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10/05/2012)
In light of the tremendous success of the Summer Internship Program in the past years, National Bank of Kuwait (NBK) is launching the first in a series of the 2012 Summer Internship Program on June 10, 2012. The two-week courses are specially designed
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KFH-Bahrain offers new debit service
(Gulf Daily News
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10/05/2012)
Kuwait Finance House - Bahrain (KFH-Bahrain) is participating in the Benefit Company's direct debit service. This automated mechanism allows for settlement of utility, telephone bills and any other payments that are made on a regular basis by KFH-Bahrain
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United Arab Bank signs agreement to recruit more UAE nationals
(AME Info
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09/05/2012)
United Arab Bank, the fastest growing bank in the UAE, today took another step towards cementing its leadership position in Emiratisation by signing an agreement with the Sharjah Government's Directorate of Human Resources to recruit more UAE nationals.
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BankMuscat hosts Al Mazyona prize draw at CBFS open day
(Oman Daily Observer
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09/05/2012)
BankMuscat joined the open day celebrations at the College of Banking and Financial Studies (CBFS) and hosted Al Mazyona weekly prize draw at the event. Ali bin Hamdan al Raisi, Chairman of CBFS, picked the lucky winners in the presence of AbdulRazak Ali
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DIB to issue sukuk
(Gulf Daily News
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09/05/2012)
Dubai Islamic Bank (DIB) has mandated five banks for an Islamic bond, or sukuk, due to be issued at the end of May, three sources familiar with the matter said yesterday. The lender has picked HSBC, National Bank of Abu Dhabi, Emirates NBD, Deutsche Bank
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KHCB support for key event
(Gulf Daily News
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09/05/2012)
Khaleeji Commercial Bank (KHCB), a leading Bahrain-based Islamic retail bank, was a silver sponsor of the AAOIFI's 11th Annual Conference which concluded yesterday. "We are very pleased to continue sponsoring such a significant conference in the Islamic
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KFH sends GUST students to Malaysia
(CPI Financial
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08/05/2012)
GUST's Islamic Finance Club organised a trip to Malaysia under the auspices of Kuwait Finance House (KFH) to visit most important Islamic financial institutions in Malaysia, such as banks, insurance companies, and universities specialized in Islamic
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NBAD launches Sukuk Income Fund
(CPI Financial
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08/05/2012)
The National Bank of Abu Dhabi (NBAD) has launched its Sukuk Income Fund, a product that invests in Shari’ah-compliant investment instruments that it claims offers attractive returns with low levels of risk. The NBAD Sukuk Income Fund is an open-ended
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Burgan Bank offers free WiFi internet services
(AME Info
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08/05/2012)
Burgan Bank recently deployed upgraded Wi-Fi services to equip customers visiting its branches with the convenience and the ability to stay connected seamlessly while attending to their banking needs. As part of the wave of new facilities and features
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Bank Sohar backs Deaf Children’s Week
(Oman Daily Observer
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08/05/2012)
Bank Sohar sponsored the Deaf Children (Hearing Impaired Children’s) Week event, which was held under the auspices of Khalil bin Abdullah al Khonji, Chairman of Oman Chamber of Commerce and Industry (OCCI) at Qurum City Centre, recently. The exciting
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Ajman Bank’s Q1 net profit up by 154 per cent
(WAM
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08/05/2012)
Ajman Bank announced today its financial results for the three months ended March 31st, 2012, demonstrating continued positive momentum. Ajman Bank reported a Net Profit of AED 4.5 million for the first quarter of this year, representing a remarkable
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QFIB Sponsoring Al Fikra Qatar Business Plan Competition Awards
(Press Release
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08/05/2012)
In line with Qatar First Investment Bank’s (QFIB) commitment to encourage innovation and contribute to the development of the SME sector in Qatar and the MENA region, the Bank announces the sponsorship of the second annual Al Fikra Business Plan
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