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Al Khaliji France hosts networking event in Paris
(Gulf Times - 30/06/2016)

Al Khaliji France, a subsidiary of Al Khalij Commercial Bank (Al Khaliji), recently hosted a business networking event at the bank’s headquarters in Avenue George V, Paris. A number of dignitaries and VIP guests were present, including Sheikh Meshal bin

AUB offers special safety deposit boxes–Initiative includes diversifid
(Arab Times - 29/06/2016)

Ahli United Bank (AUB) announced today that it is offering customers the chance to book their special safety deposit boxes to safely place their items of value. The service is part of the Bank’s preparations to accommodate customers’ needs throughout the

Bank Muscat ‘Ramadhan Al Khair’ programmes gain momentum
(Oman Daily Observer - 28/06/2016)

The month-long Ramadhan events organised by Bank Muscat, the flagship financial services provider in the Sultanate, under the banner of ‘Ramadhan Al Khair’ to benefit different segments of society has gained momentum. In a unique gesture, the bank

Masraf Al Rayan holds second EGM
(Gulf Times - 28/06/2016)

Masraf Al Rayan held its second extraordinary general assembly meeting on Sunday during which the bank’s shareholders approved some resolutions. The bank’s EGM approved the amendments introduced to the Articles of Association, which is authenticated

Emirates NBD app links to Smart Dubai Happiness meter
(Trade Arabia - 28/06/2016)

Emirates NBD, a leading banking group in the region, recently announced the linking of its mobile banking app to the Dubai government’s Smart Dubai Happiness Meter. The Smart Dubai Happiness Meter is a scientific approach to measuring happiness. Emirates

Mashreq appoints ACC to build new Downtown Dubai headquarters
(The National - 28/06/2016)

The Dubai-based bank Mashreq has appointed Arabian Construction Company (ACC) to build its new headquarters building in Downtown Dubai. Mashreq will relocate from its current base near the Al Ghurair Centre in Deira to the new site at the junction of

Dubai Islamic Bank says Dh3.2bn rights issue three times oversubscribe
(The National - 27/06/2016)

Dubai Islamic Bank, the biggest Sharia-compliant lender in the emirate, said its Dh3.2 billion capital increase was nearly three times oversubscribed. It said the rights issue will increase the share capital of the bank to Dh4.94bn from Dh3.95bn through

Bank Muscat organises Qaranqasho celebration
(Oman Daily Observer - 26/06/2016)

As part of “Ramadhan Al Khair” programme, Bank Muscat organised a unique Qaranqasho celebration in Alden village in Wilayat of Samayil with amazing lights and sound effects. The village children enjoyed the night, singing Qaranqasho with joy and other

Al Rajhi Bank, Diebold get innovation award
(Saudi Gazette - 26/06/2016)

DIEBOLD Incorporated and Al Rajhi Bank have received the Best Technological Innovation Award at the 2016 Cards and Payments Conference and Exhibition. This award recognizes the most innovative technological contribution to a card or mobile payment launch

Qatar Islamic Bank partners with Jaidah Equipment
(The Peninsula - 23/06/2016)

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, announced yesterday that it has entered a strategic partnership with Jaidah Equipment. Under the terms of the deal, QIB will be the preferred financing partner for the Qatar-based equipment dealer.

RakBank partners with EO to develop Emirati SMEs
(Trade Arabia - 23/06/2016)

National Bank of Ras Al Khaimah (RakBank) has partnered with Entrepreneurs' Organization (EO) UAE, to support the small and medium-sized enterprises (SMEs) sector in the UAE. EO is a global community of entrepreneurs founded in 1987 with more than 11,000

NBAD sukuk fund delivers 2.57% dividend
(Gulfnews - 23/06/2016)

The National Bank of Abu Dhabi’s Sukuk Income Fund earned a dividend income of $716,081, which equates to an annual yield of 5.2 per cent during the period from November 19, 2015 to June 9, 2016. Eligible investors who had subscribed to the fund by June

Emirates Islamic lists $750m sukuk on Nasdaq Dubai
(The Gulf Today - 23/06/2016)

Hesham Abdulla Al Qassim, Chairman of Emirates Islamic and Vice Chairman and Managing Director of Emirates NBD Group, rang the market-opening bell on Wednesday to celebrate the listing by the bank of a $750 million Sukuk on Nasdaq Dubai. The nominal

Gulf Bank wins two awards from ‘International Banker’
(Arab Times - 23/06/2016)

Gulf Bank recently announced that it received two coveted awards from International Banker for ‘Best Commercial Bank’ and ‘Best Innovation in Retail Banking’ in Kuwait for 2016. The ‘Best Commercial Bank’ and ‘Best Innovation in Retail Banking’ awards

Bank ABC set to expand its international network
(Saudi Gazette - 23/06/2016)

BAHRAIN-based Bank ABC has recently hired a number of senior bankers with extensive regional and international expertise in support of its growth plans and its strategic objective to become MENA’s leading international bank. The bank has announced plans

Bank Muscat Tadhamun support reaches beneficiary homes in Sharqiyah
(Oman Daily Observer - 22/06/2016)

Bank Muscat’s Tadhamun corporate social responsibility (CSR) initiative, coinciding with the Holy Month of Ramadhan, reached beneficiary homes in the governorate of Sharqiyah. Reiterating the bank’s dynamic ‘Let’s Do More’ vision and values of

QIB forges ‘strategic partnership’ with Jaidah Equipment
(Gulf Times - 22/06/2016)

Qatar Islamic Bank (QIB) has announced that it will be the preferred financing partner of Jaidah Equipment under the terms of the strategic partnership QIB forged with the Qatar-based equipment dealer. QIB general manager of Wholesale Banking, Tarek

Former Emirates NBD CFO sees 28% cost savings in NBAD-FGB merger
(Gulfnews - 22/06/2016)

The merger of two of Abu Dhabi’s biggest banks could lead to cost savings of as much as 28 per cent, according to a senior banker who oversaw the formation of Dubai’s largest bank nine years ago. “When we look at domestic mergers, we typically look at

Bank Albilad plans SR2bn sukuk
(Arab News - 22/06/2016)

Saudi Arabia's Bank Albilad has received regulatory approval to issue a capital-boosting sukuk worth as much as SR2 billion ($533.3 million), it said in a bourse statement. The issue will enhance its Tier 2, or supplementary, capital and last for 10

Good response to Rio Olympic package offer by Visa with Bank Muscat
(Oman Daily Observer - 21/06/2016)

A lifetime chance for Visa cardholders of Bank Muscat to experience the electrifying live action of the Rio 2016 Olympic Games has evoked big response. Three exclusive all-expenses-paid packages to witness the world’s biggest sporting event await

Doha Bank launches Ramadan promotion
(The Peninsula - 21/06/2016)

Doha Bank has unveiled a new promotion that offers generous cash back rewards to customers when they perform Western Union money transfer transactions on Doha Bank’s online and mobile banking service. Under the joint promotion, Doha Bank customers will

Bank ABC to expand network; senior executives appointed
(Trade Arabia - 21/06/2016)

Bahrain-based Bank ABC has recently hired a number of senior bankers with extensive regional and international expertise in support of its growth plans and its strategic objective to become Mena’s leading international bank. The bank has announced plans

UAE banks NBAD and FGB confirm merger talks
(Arab News - 20/06/2016)

Shares in National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) soared on Sunday after they confirmed discussing a possible merger to create what would be one of the largest banks in the Middle East and Africa. Both banks have close links to the

Bank Muscat unveils Zeinah charity initiative at Iftar gathering
(Oman Daily Observer - 16/06/2016)

Bank Muscat, the flagship financial services provider in the Sultanate, as part of its corporate social responsibility (CSR) initiatives coinciding with the holy month of Ramadhan, unveiled ‘Zeinah Cares’, a first-of-its-kind initiative in association

QNB completes acquisition of stake in Finansbank
(The Peninsula - 16/06/2016)

QNB Group, a leading financial institution in the Middle East and Africa, announced yesterday that it has completed the acquisition of 99.81 percent stake in Finansbank in Turkey. This transaction is a significant milestone in QNB Group’s strategy of