albawaba.com middle east news information

Friday 19th, March 2010 -- 13:00 GMT

Banking & Finance


	Moody's reports: Stable outlook for Lebanese banking system



	The credit outlook for the Lebanese banking sector is stable, reflecting the buoyant performance of the local economy in 2009, improvement in Lebanese politics and relative stability in the region, says Moody's Investors Service ...


	NASDAQ Dubai Monthly Trading Report: February 2010 - Equities trading volumes rise 61%



	Equities trading volumes rise ...


	GFH establishing Syria Finance House with 15 billion Syrian pounds



	Gulf Finance House (GFH) announced that its in an advanced stage for establishing one of the largest Islamic banks in Syria under the name of Syria Finance House ...


	Bank Audi issues a new economic report on the Jordanian economy



	A new economic report on Jordan was issued this week by Bank Audi s.a.l-Audi Saradar ...


	General Assembly of Bank of Sharjah Approves distribution of 12% Cash Dividends & 5% Bonus Issue



	The Ordinary General Assembly of the Shareholders of Bank of Sharjah approves during its 36th annual meeting, the proposal of the Board of Directors to distribute 12% cash dividend equivalent to AED 240 Million and 5% Bonus issue equivalent to AED. ...


	Abu Dhabi Finance announces record low interest rates starting from 5.75%



	Abu Dhabi Finance, the Emirate’s fastest growing home finance provider, has today announced the introduction of its new pricing, which will see interest rates starting from an unprecedented 5.75 per cent to 8.5 per cent. ...


	AXA Cooperative Insurance receives the Saudi Arabian Monetary Agency license to practice cooperative insurance business



	AXA Cooperative Insurance Company received its license from the Saudi Arabian Monetary Agency to practice cooperative insurance activities in ...


	3.54 % profit rate distributed by National Bonds for 2009



	16.64 % Cumulative profit rate over 3 years ...


	AUB’s Q/4 result rises by US$ 41.4 million to US$ 17.0 million



	Ahli United Bank has today announced its financial results for the year 2009. The Bank has achieved a 5% growth in total operating income which increased to US$ 696.4 ...


	SICO’s equity funds deliver strong performance in 2009



	Standard & Poor’s re-affirm ratings for all ...


	Waha Board approves issuing AED 1 billion mandatory convertible bonds or Sukuk



	Waha Capital P.J.S.C. board, the diversified Abu Dhabi-based ADX-listed holding company, decided to issue mandatory convertible bonds or Sukuk with a AED 1 billion ...


	Gulf Bank reports net loss of KD 28 million for 2009



	Gulf Bank has announced operating profits of KD 83 million for 2009. However, provisions requirements of KD 111 million for the credit portfolio led to a net loss of KD 28 million for the year, or 12 fils per share. ...


	Standard Chartered Bank launches Custody and Clearing Services in Bahrain and Oman



	Standard Chartered is pleased to announce launch of Custody and Clearing Services from Bahrain and Oman today. The Bank will provide direct Custody and Clearing services to clients investing in the Kingdom of Bahrain and Sultanate of Oman. ...


	IBQ Achieves 2nd Highest Earning Growth Rate Amongst Qatari Banks



	George Nasra: Our Operating Income grew to QAR 665 million. This performance is testament to our prudent policies as well as the underlying strength of the Qatari economy. ...


	Emirates Fortune Group Launches Strategic Operations with AED 735 Million in Capital



	With its eye on Turkey and raising the bar in healthcare and advocacy, Emirates Fortune Group establishes its headquarters in ...


	Jordan Ahli Bank achieves growth in Profits, Deposits, Credit facilities and Total Assets during 2009



	Jordan Ahli Bank has announced significant growth in profits in its financial results for the end of 2009, with net profits before tax reaching JD 27.3 ...


	“Bahrain Ideal Base For Deloitte’s Islamic Finance Knowledge Centre”, EDB Chief Operating Officer



	News that consulting giant Deloitte has opted to site its new Islamic Finance Knowledge Centre (IFKC) in Bahrain reflects the Kingdom’s track record as the most established financial centre in the Gulf and a global hub for Islamic Finance, according ...


	FitchRatings affirms NBK’s long term rating at AA- with a stable outlook



	Fitch: the rating highlights the bank’s leading domestic franchise, consistent profitability and conservative risk profile ...


	TVM Capital MENA announces start of Investment Operations of Shari’a-Compliant Healthcare Growth Capital Fund, with First Close of $40 million



	DIFC-Based Fund Seeks to Tap the Rapidly Growing Healthcare Market in the ...


	Landmark Dar Al-Arkan Sukuk Successfully Closes At US$450 Million



	Unicorn Investment Bank (Unicorn), the Bahrain-based financial services group, announces the successful close of a US$450 million 5-year Sukuk on behalf of Dar Al-Arkan Real Estate Development Company ...


	Securities & Investment Company announces net profit of BD 3.078 million



	Bahrain-based Securities & Investment Company (SICO) announced today a net profit of BD 3.078 million for the year ending December 31, 2009 compared to 2008’s year-end loss of BD1.4 million. ...


	Dubai Islamic Bank announces 2009 net profit of AED 1.2 billion



	BoD proposes cash dividend of 20per cent ...

	RSA acquires the third largest insurer ...

	Gulf Finance House repays US$200m and ...

	MENA equity markets remain almost flat ...

	Top bankers predict another tough year ...

	SHUAA Capital reports 2009 fourth ...

	ACE Receives Product Approvals from ...

	Jordan Dubai Islamic Bank launches ...

	Aldukheil Financial Group announces ...

	Ahli United Bank increases ownership ...

	National Bank of Fujairah PSC (NBF) ...

	Dubai Investments reports net profit of ...

	Elaf Bank Expands its Syndication ...

	Jordinvest Partners with ...

	Qatar: Commercialbank 4th quarter net ...

	Al Yusr Islamic Banking Service ...

	Reykjavik Geothermal announces ...

	NBK plans 10% capital increase before ...

	Global: GCC Markets witnessed ...

	Aabar to invest in Arabtec ...

	Bahrain Stock Exchange signs Depository ...

	DGCX achieves record annual volumes in ...

	Waha Capital closes financing of AED ...

	GCC moves closer to common ...

	Dubai Islamic Bank launches Al Islami ...

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