2017 2016 2015 2014 2013 2012 2011 2010 News Archive
January February March April May June July August September October November December
Moody Affirms NBK’s ratings, outlook stable
(Press Release - 29/02/2016)

Moody’s Investors Service has affirmed National Bank of Kuwait’s (NBK) long-term global local currency (GLC) deposit rating at Aa3, the highest in the Middle East and North Africa, with a stable outlook. In its latest credit opinion report, Moody’s

CMA approved Bank Albilad request to increase its capital
(Tadawul - 29/02/2016)

The CMA Board has issued its resolution approving Bank Albilad request to increase its capital from SAR (5,000,000,000) to SAR (6,000,000,000) through issuing one bonus share for every (5) existing shares owned by the shareholders who are registered in

GIB 2015 net profit up 5.6pc to $90.4m
(Trade Arabia - 29/02/2016)

Gulf International Bank has posted a net income after tax of $90.4 million for 2015, compared to $85.6 million in the prior year, representing a 5.6 per cent year-on-year increase. Total income at $308 million was $50.4 million or 19.6 per cent up on

NBK awarded “Best Private Bank for 2016 in Kuwait”
(Press Release - 28/02/2016)

National Bank of Kuwait (NBK) has been awarded the “Best Private Bank for 2016” in Kuwait in Euromoney’s Annual Survey surpassing global banks in wealth management and private banking services. NBK topped the list of nominees, outmatching renowned

Sharjah Islamic Bank Approves A Cash Dividend Of 10%
(Press Release - 28/02/2016)

Sharjah Islamic Bank’s ordinary general assembly meeting has approved a cash dividend of 10 per cent of the nominal value of the shares, following the bank’s announcement of a net profit of AED 409.9 million, in 2015. This represents an increase of nine

Emirates NBD Asset Management wins ‘Real Estate Fund of the Year’
(Press Release - 28/02/2016)

Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, a leading bank in the region, has won ‘Real Estate Fund of the Year’ at the 2016 MENA Fund Manager Performance Awards, for the second consecutive year. The USD $461million

Bank Muscat plans to open branch in Tehran
(Times of Oman - 25/02/2016)

Bank Muscat, the Sultanate’s biggest financial institution, plans to open a branch in Tehran, said a senior official of Central Bank of Iran here on Wednesday. This is expected to be the first international bank branch which is going to be opened in

BBK plans capital boosting bond by end of March
(Arab News - 25/02/2016)

BBK, formerly known as Bank of Bahrain and Kuwait, plans to issue a 100 million-dinar ($265.3 million) convertible bond by the end of March to boost its capital ratios, its CEO said. "Soon we will be launching a capital issue ... a convertible perpetual

Ahli United Bank registers record net profit of $537m
(Gulf Daily News - 24/02/2016)

Bahrain’s largest lender Ahli United Bank (AUB) yesterday reported a record net profit of $537.2 million for last year, representing a growth of 11.3 per cent compared with a net profit of $482.5m in 2014. In a statement, the bank said the net profit for

Al Khaliji secures nod for up to QR2bn bond issue
(Gulf Times - 24/02/2016)

Al- Khalij Commercial Bank (Al Khaliji) has secured shareholders’ approval yesterday to issue up to QR2bn ($549.2mn) of bonds to boost its core capital. At the EGM held at the Four Seasons, the shareholders also approved the amended Articles of

BisB upbeat on strong growth in core banking
(Gulf Daily News - 23/02/2016)

Revenues and fees from finances and major activities represent more than 97 per cent of gross revenue of Bahrain Islamic Bank (BisB) last year, it has emerged. In a statement announcing financial results for last year, BisB said there was a continuous

QIB set to expand its operational horizon
(The Peninsula - 23/02/2016)

QIB, Qatar’s leading Islamic Bank, will expand its operational horizons and allow the bank to offer a range of advanced services to its individual and corporate customers. This will enable the bank to develop innovative banking services and mitigate any

Former Greek fin­ance minister Yanis Varoufakis to headline NBAD forum
(The National - 23/02/2016)

Greece’s colourful former fin­ance minister Yanis Varoufakis will headline Abu Dhabi’s biggest annual financial gathering this year, joining the former British prime minister Tony Blair and the economist Mohamed El Erian to discuss the burning market and

BisB net earnings surge 20 per cent
(Gulf Daily News - 22/02/2016)

Bahrain Islamic Bank (BisB) has registered an increase of 20 per cent in net profit at BD11.2 million ($29.7m) for last year when compared with BD9.3m for the previous year, it was announced yesterday. Gross income saw a decrease of 3pc from BD42.9m to

Bank Sohar receives STP recognition from JPMorgan
(Oman Daily Observer - 22/02/2016)

Marking its third award of the year, Bank Sohar was recently recognised as one of the best ‘Straight Through Processing’ (STP) banks in Oman by JPMorgan Chase Bank, National Association, a subsidiary of JPMorgan Chase & Co and a globally renowned

National Bank of Abu Dhabi to hold AGM on March 15
(Gulfnews - 22/02/2016)

National Bank of Abu Dhabi said on Sunday it will hold its annual general meeting on March 15. The bank reported a net profit of Dh5.232 billion during last year, down 6 per cent compared to the year before. In the fourth quarter to December 2015, net

UAE budget deficit set to fall: NBAD
(Khaleej Times - 22/02/2016)

On the back of various measures to support government revenues, the UAE's budget deficit could fall to about four per cent of gross domestic product in 2016 while the GCC region is forecast to register an overall deficit of around 10 per cent of GDP,

Bank Muscat honours staff for performance
(Oman Daily Observer - 21/02/2016)

Bank Muscat, the flagship financial services provider in the Sultanate, honoured employees of the Retail Banking department for achieving business growth objectives in 2015. The Management Team led by AbdulRazak Ali Issa, Chief Executive, felicitated the

Central banks can cut rates much below zero: QNB
(The Peninsula - 21/02/2016)

The central banks have the potential to cut rates much further below zero. The question remains whether they want to do this, given the weaker pass through from banks to their customers, and the negative impact on bank profits, QNB analysts commented

Alinma participates in Endowments Forum
(Saudi Gazette - 18/02/2016)

Alinma Bank has participated in the Third Forum for Endowments, recently held at the InterContinental Hotel in Riyadh. The event was held under the auspices of the Minister of Islamic Affairs and Endowments, Sheikh Saleh Bin Abdul Aziz Al-Sheikh. Alinma

BankDhofar supports the ‘Ministry of Manpower Achievements & Visions’
(Oman Daily Observer - 17/02/2016)

BankDhofar, the leading financial organisation in the Sultanate, has extended its supports to the “Ministry of Manpower.. Achievements & Visions” exhibition that was officially inaugurated by HE Ali bin Khalfan al Jabri, Under-Secretary of the Ministry

Ahlibank approves 15% cash dividend and 5% bonus stocks
(Gulf Times - 17/02/2016)

Ahlibank, which reported a net profit of QR647.7mn in 2015, yesterday approved 15% cash dividend and 5% bonus stocks to shareholders. At the annual general meeting (AGM), presided over by Sheikh Faisal bin Abdulaziz bin Jassim al-Thani, chairman and

Barwa Bank wins ‘Best Retail Bank for 2015’ award from CPI Financial
(Gulf Times - 17/02/2016)

Barwa Bank has celebrated its recognition by CPI Financial as the “Best Retail Bank for 2015” in a ceremony held recently at its headquarters in Doha. CPI Financial, publisher of The Banker Middle East, has recognised Barwa Bank for leading on innovation

Alinma first Saudi bank to add UnionPay to its card services
(Saudi Gazette - 17/02/2016)

ALINMA Bank has become the first bank in Saudi Arabia to introduce UnionPay card acceptance. UnionPay is one of largest payment networks in the world; and the move will allow Alinma to fulfill the card transaction needs of the numerous individuals,

Emirates NBD stakeholders meeting approves 40% dividend
(Gulfnews - 16/02/2016)

Emirates NBD held its ninth Annual General Meeting (AGM) on Monday. At the AGM, Emirates NBD Chairman, Shaikh Ahmad Bin Saeed Al Maktoum, presented a review of the year ended December 31 2015. “The UAE private sector economy has remained resilient in

  • Portfolio Current Value
  • Today's Gain
  • Overall Gain
  • Overall Gain (%)

  • {{Gcc.Sector}}
  • {{Gcc.Closing | number : 2}}
  • {{Gcc.Change | number : 2|suffix:'%'}}

Closing: {{gccData[0].LastUpdated|gbdate}}
  • {{m.Material}}
  • {{m.Last | number : 2}}
  • {{m.Change1Day | number : 2|suffix:'%'}}

  • {{m.Material}}
  • {{m.Last | number : 2}}
  • {{m.Change1Day | number : 2|suffix:'%'}}