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QNB announces 0% and new installments loan offers (AME Info - 30/06/2012)

Qatar National Bank Group (QNB) the financial institution in the State of Qatar and the MENA region, announced two new loan offers. These two promotions will be launched on the 1st of July. Customers taking out a vehicle loan will be rewarded with 0%

Bank Shareholders Give Go Ahead to Merge (Press Release - 30/06/2012)

Three Bahrain based Islamic investment banks Capivest, Elaf Bank and Capital Management House announced their approval to merge. The announcement came after the extraordinary general meetings of the three banks held on Thursday approved the transaction.

CBI promotion offers 100% cash back (Khaleej Times - 30/06/2012)

Commercial Bank International, or CBI, has announced the launch of a 100 per cent cash back promotion during the summer season. For every Dh100 spent with a CBI credit card this summer, customers will get the chance to be one of three winners who will

Mashreq opens at Mirdif City Centre (Khaleej Times - 30/06/2012)

Mashreq announced the opening of its newest branch located in Mirdif City Centre, inaugurated by head of distribution Shaker Zainal, in the presence of staff and customers. The inauguration comprised several cultural activities. Mashreq’s presence in

EIB mobile app among UAE’s most popular (Khaleej Times - 30/06/2012)

The recently launched English and Arabic application of Emirates Islamic Bank, or EIB, is now one of the most downloaded app from Apple’s App Store in the UAE in the finance and mixed categories. “The launch of mobile banking for our customers has been

United Arab Bank announces winner of Mercedes C200 (Khaleej Times - 30/06/2012)

United Arab Bank (UAB), the UAE’s Bank-of-the-Year, as awarded by the Financial Times, London, recently announced the winner of ‘Mercedes Benz’ lucky draw contest. The contest ran for a month from April 30 to May 31, which saw enthusiastic participation

NBAD looks West for opportunities (The National - 28/06/2012)

National Bank of Abu Dhabi sees opportunities to expand in western countries as the lender, along with many counterparts in the Arabian Gulf, has avoided the credit rating downgrades hammering many big rivals. Though the bank’s long-standing strategy has

Bank Sohar, Path Solutions ink pact for Islamic banking service system (Oman Daily Observer - 27/06/2012)

Bank Sohar, the Sultanate’s most youthful and dynamic banking institution and Path Solutions, a global provider of software solutions to the Islamic financial services industry yesterday announced that they have inked a pact at a signing ceremony in

FGB's Foreign Currency and Financial Strength ratings affirmed (AME Info - 27/06/2012)

Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed First Gulf Bank's (FGB) Financial Strength Rating at 'A' in view of the Bank's continuing good profitability, solid capital base and improving asset

Capital Intelligence affirms ratings of Banque Saudi Fransi (AME Info - 27/06/2012)

Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed the ratings of Banque Saudi Fransi, based in Riyadh, Saudi Arabia. The Financial Strength Rating is affirmed at 'a', supported by sound increases in

Bank Muscat CE to receive Arab Banking Personality award (Oman Daily Observer - 27/06/2012)

In recognition of outstanding contributions to the banking sector in Oman and the Arab region, AbdulRazak Ali Issa, Chief Executive of BankMuscat, will be conferred the Arab Banking Personality of the Year 2012 award by the Arab Banking Union. Every

Emirates Islamic Bank extends home finance to property owners (AME Info - 27/06/2012)

Emirates Islamic Bank (EIB), one of the leading Islamic financial institutions in the region, announced today that it will provide housing finance to UAE and GCC nationals buying property in Manazil Towers in Sharjah. The announcement follows a MoU

SABB named ‘Best Retail Bank’ in KSA (Saudi Gazette - 27/06/2012)

The "Best Retail Bank" industry award in Saudi Arabia was conferred on The Saudi British Bank (SABB) by The Banker Middle East magazine. The awards are organized every year by The Banker Middle East to recognize the best performing institutions across

Mashreq opens new branch in Mirdif City Centre (AME Info - 26/06/2012)

In line with the bank's expansion strategy, UAE's leading financial institution, Mashreq announced the opening of its latest branch located in Mirdif City Centre. The newly opened branch was inaugurated by Shaker Zainal, Head of Distribution in the

Bank Muscat enhances transaction limit for mobile banking (Oman Daily Observer - 26/06/2012)

BankMuscat, the flagship financial services provider in the Sultanate, has enhanced the transaction limit for various services available on its state-of-the-art mobile banking (mBanking) application. Considering the strong customer’s demand, the daily

Bank Muscat CE among 500 most influential Arabs (Oman Daily Observer - 25/06/2012)

For the second consecutive year, AbdulRazak Ali Issa (pictured), Chief Executive (CE) of BankMuscat, has earned a prominent position among the 500 world’s most influential Arabs. In recognition of outstanding contributions to the banking and financial

Abu Dhabi Commercial Bank launches Banking on Education Website (AME Info - 25/06/2012)

Abu Dhabi Commercial Bank "ADCB", recently launched its new 'Banking on Education' website in line with its ongoing initiative 'Banking on Education'. The new website offers visitors access to information on education opportunities in the UAE and

Bank Muscat plans rights issue at 25pc discount (Reuters - 25/06/2012)

Bank Muscat, Oman's largest lender, is planning to offer new shares to existing holders at a 25 percent discount to raise capital to fund its credit growth and venture into Islamic finance. The bank, in which Dubai Financial Group has a 14.7 percent

NBO EGM approves appointment of Sharia Supervisory Board (Oman Daily Observer - 25/06/2012)

Shareholders of National Bank of Oman have approved the Board of Directors’ recommendation for the appointment of the Fatwa and Sharia Supervisory Board for the Bank’s Islamic Banking Services. The approval came at NBO’s Extraordinary General Meeting

Dubai Islamic Bank launches mentoring programme (AME Info - 25/06/2012)

As part of its Human Resources Development strategy, Dubai Islamic Bank (DIB) launched recently a mentoring programme for new employees. Through the programme, senior DIB executives will mentor new employees in order to facilitate the exchange of

BBK conducts crisis management simulation exercise (AME Info - 25/06/2012)

For the third consecutive year, BBK, Bahrain's pioneer in retail and commercial banking, conducted a crisis management simulation exercise on June 23rd, 2012. The aim of the exercise is to invoke the bank-wide Business Continuity Plans (BCP) to ensure

Qatar National Bank prepares $1.5bn loan ahead of repayment (The National - 25/06/2012)

Qatar National Bank is preparing a US$1.5 billion (Dh5.51bn) loan as it seeks additional capital ahead of a $1.85bn repayment coming due next month. The bank, Qatar's largest lender, hired Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, HSBC Middle East,

NBAD’s Swiss unit manages Dh7.74b (Khaleej Times - 25/06/2012)

NBAD Private Bank (Suisse) SA, the wholly owned subsidiary of the National Bank of Abu Dhabi PJSC’s assets under management have grown to Dh7.74 billion. The financial institution which was launched in 2007 achieved a breakeven in early 2010 in line with

SABB wins ‘Best Bank in Saudi Arabia’ award (Arab News - 25/06/2012)

The Saudi British Bank (SABB) was named the “Best Bank in Saudi Arabia” by Arabian Business Magazine. The recognition comes as a result of a careful consideration of the financial services industry according to a set of strict criteria. The award was

Emirates Islamic Bank iPhone app reaches number two spot (CPI Financial - 24/06/2012)

Emirates Islamic Bank’s English and Arabic application is now the second most downloaded app in the finance and mixed category, claims the bank. The ‘App Store’ has more than 500,000 apps to download, covering business, travel, lifestyle, games and

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