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BANKING
February 22, 2012
UAE Exchange extends FLASHremit with Vijaya Bank
"UAE Exchange has gained the trust of customers through unwavering focus on reliability, product quality and excellent service. We are a brand that is always keen on customer delight, which gave us a rich legacy of over three decades. We are sure that this new venture with Vijaya Bank will definitely enhance customer convenience," said Dr. B. R. Shetty, Managing...February 21, 2012
Moroccan lender Attijari bets on Africa for growth
AttijariWafa Bank, Morocco's biggest lender, plans to further expand its presence in mostly French-speaking African countries to compensate for a potential slowdown in its main domestic market, bank executives said on Monday.
February 20, 2012
BankMuscat affirms commitment to SME development
BankMuscat, the flagship financial institution in the Sultanate, extended lead support to the 4th SME Exhibition and Conference, highlighting the important role played by the small and medium enterprise (SME) sector in the economic development of Oman. The support to the 3-day event by Al Wathbah (Big leap for Small business), BankMuscat’s comprehensive...February 19, 2012
MasterCard celebrates Silver Jubilee in the UAE
MasterCard commemorated the occasion together with senior representatives of the Central Bank of the UAE, executives of financial institutions, Ann Cairns, president International Markets, MasterCard Worldwide and other senior members of the MasterCard team.Welcoming guests to the event, Cairns said, "It is a great pleasure to be in the UAE, the country...
February 18, 2012
Bahrain banks end plans for $4.5bn merger
Bahrain Islamic Bank has ended talks with Al Salam Bank over plans to merge to create a new $4.5bn entity.The banks “agreed to end merger talks after they were unable to reach an agreement on the exchange ratio for the shares,” according to a statement published on the Bahrain bourse.
In December, Bahrain's central bank urged five Islamic...
February 15, 2012
Thousands to attend BankMuscat community gathering in Barka on Thursday
BankMuscat, the flagship financial institution in the Sultanate, is hosting a community lunch in South Batinah region on Thursday (16 February 2012) as part of efforts to promote Omani traditions. The first-of-its-kind community gathering will be held in Barka Garden from 12 noon on Thursday and is open to all citizens and residents.The event hosted...
February 14, 2012
Ahli United Bank 2011 profits grow by 15% – 15% cash dividend, 5% as bonus shares announced
Ahli United Bank announced its financial results for the year 2011 where it was able to achieve net profit amounting to KD 31.5 million compared to KD 27.4 million for the previous year 2010 recording a remarkable growth of 15% in net profit, resulted in higher earnings per share reaching 31.1 fils compared to 27.0 fils for previous year.As"...
February 13, 2012
Doha Bank opens new branch in Wakrah
The new branch, which is located at Wakrah Main Street, was inaugurated by Ahmed Abdul Rahman Yousuf Obaidan Fakhroo, vice-chairman and R Seetharaman Group CEO along with other senior officials of the bank.The branch will serve the neighborhood from Sunday to Thursday 7:30 to 1pm. It will also be servicing the entire area with an ATM fitted for a 24/7...
February 7, 2012
Al Rajhi Bank in Saudi Arabia Issues 15,000 Cards per Day with Gemalto’s Instant EMV Card Issuance Solution
Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces that Al Rajhi Bank, the largest financial institution in Saudi Arabia, has completed the main phase of the Dexxis"...
February 6, 2012
Volatility spikes in currency markets as Greek deadline approaches - NBK
Last week, the US dollar had a mixed performance across the board as the European debt crisis intensified, driving markets to react in a volatile manner, a report by Kuwait's National Bank (NBK) said on Sunday.The Euro opened at its highest level of the week at 1.3230, but plummeted during the first day to a low of 1.3074 as German and Greek talks faltered...
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