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Emirates NBD most trusted lender in UAE
(The National - 21/09/2017)

Emirates NBD, Dubai’s biggest bank by assets, is the most trusted local lender in the UAE and has the most loyal customers, according to a survey by Brand Finance Banking. Bank clients surveyed by Brand Finance Banking, based in the UK, found that 74.6

CBB Sukuk Al-Salam Securities Subscribed by 100%
(Biz Bahrain - 20/09/2017)

The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities, Sukuk Al-Salam, has been subscribed by 100%. Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a

ABC Bahrain generates over 1 million business referrals in 2017
(Trade Arabia - 19/09/2017)

The Arabian Business Community (ABC) Bahrain has reached a record 1 million business referrals to companies on its Bahrain Database so far this year, it was revealed today. “The portal has generated over 1,046,000 visits to companies registered on the

NCB first Saudi bank to join SWIFT GPI
(Gulfnews - 19/09/2017)

SWIFT said on Monday that Saudi Arabia’s National Commercial Bank (NCB) has signed up for its global payments innovation (GPI) service. “The shift towards real-time payments is a global phenomenon, changing the shape of payment systems in the Middle

Bank Muscat hosts environmental awareness workshop
(Oman Daily Observer - 19/09/2017)

Bank Muscat, the flagship financial services provider in the Sultanate, in line with its ‘Let’s Do More’ vision and commitment to partnership in sustainable development, kicked off a series of environmental awareness workshops for students to highlight

National Commercial Bank first Saudi Arabian bank to join SWIFT gpi
(Press Release - 18/09/2017)

SWIFT announces today that Saudi Arabia’s National Commercial Bank (NCB) has signed up for its global payments innovation (gpi) service. The bank is the first in the country to join forces with over 100 leading banks globally. SWIFT gpi dramatically

Bank ABC celebrates launch of branch in UAE
(Trade Arabia - 18/09/2017)

Bahrain-based Bank ABC, a leading international banking group in the Mena region, today celebrated the official launch of its branch in the Dubai International Financial Centre (DIFC) in Dubai. The bank’s clients and counterparties attended a reception

QInvest invests in Spanish marina OneOcean Port Vell
(Gulf Times - 18/09/2017)

QInvest, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, has invested in and is a shareholder in OneOcean Port Vell in Barcelona, Spain. The investment was made through its wholly-owned

Emirates NBD plans Saudi expansion with 20 additional branches, CEO sa
(The National - 17/09/2017)

Emirates NBD, Dubai’s biggest bank by assets, is looking to expand its presence in Saudi Arabia and plans to approach the banking regulator in the Arab world’s biggest economy next year to seek permission for 20 additional branches in the kingdom. The

Mashreq launches new e-commerce platform
(CPI Financial - 14/09/2017)

Mashreq Bank has launched an exclusive e-commerce platform for its credit card customers in the UAE: Global Cashback Mart. The Global Cashback Mart is currently accessible at zero cost to customers who hold the Mashreq SmartSaver Global Credit Card and

Barwa Bank names winners of Thara’a scheme
(The Peninsula - 14/09/2017)

Barwa Bank yesterday announced the names of the most recent round of draw winners for Thara’a, a Shariah-compliant savings promotion scheme, at the Bank’s headquarters. As the draw results showed, Hassan Ahmed A M Al Mutawa, Nasser Mohammed Al Tamimi,

Qatar Islamic Bank announce exclusive discount programme for Visa card
(The Peninsula - 14/09/2017)

Qatar Islamic Bank (QIB) in partnership with VISA International, announced yesterday the launch of an extensive ‘QIB VISA Discount Programme’, covering over 850 merchants globally and over 70 merchants in Qatar. QIB VISA cardholders can visit the Bank’s

Head of legal affairs at First Abu Dhabi Bank quits after six months
(Gulfnews - 14/09/2017)

The head of legal affairs at First Abu Dhabi Bank has resigned due to personal reasons, two sources aware of the matter said on Wednesday. Samer Abdelhaq, who took over as group general counsel and head of legal in February this year is leaving barely

NBB donates BD10000 to The Bahrain Cancer Society
(bizbahrain - 13/09/2017)

NBB makes BD10,000 donation to the Bahrain Cancer Society as part of the Bank’s ongoing comitment to social corproate responsibly and community care. Chief Executive – Retail, Commercial & SMEs, Mr. Abdulaziz Al Ahmed, presented the cheque to Dr. Abdul

Bank Muscat, Imdad join hands to promote Boulevard Tower project
(Oman Observer - 13/09/2017)

Bank Muscat, the flagship financial services provider in the Sultanate, and Imdad Real Estate Development Company signed a memorandum of understanding (MoU) to provide attractive baituna home finance for exclusive residential units in the Boulevard Tower

Doha Bank Assurance 'BBB+' ratings affirmed
(CPI Financial - 12/09/2017)

S&P Global Ratings today affirmed its 'BBB+' long-term insurer financial strength and counterparty credit ratings on Qatar-based insurer Doha Bank Assurance Co. LLC (DBAC). The outlook is negative. At the same time, we removed the ratings from

ADCB provides automated cash management solution for Ali & Sons
(CPI Financial - 12/09/2017)

Ali & Sons Holding leads innovation after it announced its partnership with Abu Dhabi Commercial Bank (ADCB) in launching a fully automated cash management solution for the company. Through ADCB’s management solutions, Ali & Sons will have access to

UNB partners with Aldar Properties for escrow account services
(CPI Financials - 12/09/2017)

Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has signed an agreement with Union National Bank to provide ESCROW account services for Water’s Edge buyers. The partnership will enable

Banque Fransi announces company shareholding structure
(Tadawul - 12/09/2017)

On 11 September 2017, Banque Saudi Fransi (the Bank) was informed by Credit Agricole S.A. that Credit Agricole Corporate & Investment Bank (CACIB) has reached a legally binding agreement with Kingdom Holding Company (KHC) for the sale of a 16.2%

Alizz Islamic Bank’s commercial finance products attracting businesses
(Times of Oman - 12/09/2017)

Alizz Islamic Bank’s commercial finance product has seen great interest from the public. The Sharia-compliant financing facility is extremely popular due to fast processing and product flexibility. Alizz Islamic Bank continues to unveil a wide variety of

Union National Bank gets approval to become clearing member
(Gulfnews - 12/09/2017)

Union National Bank said on Monday it has received regulatory approval from the Securities and Commodities Authority to act as a general clearing member. The bank notified the Abu Dhabi Securities Exchange in a statement that was posted on the bourse

FAB named 'Most Innovative Investment Bank'
(Trade Arabia - 11/09/2017)

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been named ‘Most Innovative Investment Bank’ for the Mena region, at The Banker’s prestigious 2017 Investment Banking Awards. FAB

Al Hilal Bank issues $100m private placement Sukuk
(The Gulf Today - 11/09/2017)

Aiming to diversify its funding base and tenors, Al Hilal Bank has issued a $100 million private placement Sukuk. This is the third issuance under Al Hilal Bank’s $2.5 billion Euro Medium Term Note, EMTN, programme. The two-year US$100 million RegS

Al Hilal Takaful appoints Emirates NBD unit to manage strategies
(Trade Arabia - 07/09/2017)

Al Hilal Takaful, the Islamic insurance subsidiary of Ahli United Bank with operations in Bahrain and Kuwait, has appointed Emirates NBD Asset Management, the Dubai-based asset manager, to manage three risk-graded Shari’a compliant investment strategies

Doha Bank highlights Qatar-UK economic ties
(The Peninsula - 07/09/2017)

Despite the economic blockade on Qatar and UK’s Brexit issues, both the countries have flourishing bilateral trade and business relations. More Qataris are aiming to invest in various industrial sectors across UK, according to Dr R Seetharaman, CEO of

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