albawaba.com middle east news information

Tuesday 9th, February 2010 -- 15:31 GMT

Banking & Finance


	MENA equity markets remain almost flat for the first month of 2010



	Uncertainty surrounding Dubai’s debt crisis continues to overshadow UAE market’s ...


	Top bankers predict another tough year for GCC markets



	Regional executives gather in Dubai for Thomson Reuters Middle East Investment Banking Leaders ...


	SHUAA Capital reports 2009 fourth quarter and full year results



	Full Year 2009: Operating income was negative AED 70.8 mn and net income was negative AED 529.8 mn, compared to negative operating income of AED 522.7 mn and negative net income of AED 889.6 mn in the equivalent 12 months period ending 31 December ...


	ACE Receives Product Approvals from Saudi Arabia Monetary Authority



	ACE Arabia Cooperative Insurance Company (AACIC) has announced that it has now received product approvals from the Saudi Arabia Monetary Authority (SAMA) for the majority of the product lines that it wishes to ...


	Jordan Dubai Islamic Bank launches operations



	JDIB to expand operations across Kingdom; open 10 branches by end of ...


	Aldukheil Financial Group announces share price for Al Sorayai Trading & Industrial Group IPO



	The Initial Public Offering (IPO) of Al Sorayai Trading and Industrial Group will start on ...


	Ahli United Bank increases ownership stake to 79.6% in Ahli United Bank (Egypt)



	Ahli United Bank B.S.C. (AUB) announced an increase in its stake in Ahli United Bank, Egypt (AUBE) from 35.3% to 79.6%, completed through a formal tender offer to all AUBE ...


	National Bank of Fujairah PSC (NBF) returns to profitability with a net profit of AED 104.3m for 2009



	2009 Results reflect return on prudent policies and suggests solid basis for ongoing ...


	Dubai Investments reports net profit of AED 963 million for the year ended 31 December 2009



	Dubai Investments PJSC (“DI”), the largest investment company listed on the Dubai Financial Market, announced its preliminary results for the year ended 31 December 2009 (‘the year”), with net profit of AED 963 ...


	Elaf Bank Expands its Syndication Business in Southeast Asia



	Elaf Bank, an Islamic investment bank incorporated in the Kingdom of Bahrain, along with a consortium of Southeast Asian banks, entered into a Syndicated Ijarah Facility with Indonesia Air Transport (IAT). ...


	Jordinvest Partners with IFC



	Jordan Investment Trust P.L.C. (Jordinvest), one of the leading providers of comprehensive merchant, investment, and financial services locally and regionally, recently announced partnering with the International Finance ...


	Qatar: Commercialbank 4th quarter net profit up 33%



	Resilient earnings despite challenging market conditions. Fourth quarter net profit up ...


	Al Yusr Islamic Banking Service strengthens offering with Ijara home finance



	First of several innovative Islamic solutions planned for launch in ...


	Reykjavik Geothermal announces strategic investment by Ambata Capital Partners



	Reykjavik Geothermal, a pioneer in geothermal power development, today announced at the World Future Energy Summit that it has entered into a partnership with Ambata Capital Partners to explore, develop and operate utility scale geothermal power ...


	NBK plans 10% capital increase before end of year



	NBK announced that the bank’s board of directors has decided to recommend a 10% capital increase to the extraordinary general ...


	Global: GCC Markets witnessed challenging year



	Global Investment House- The year 2009 turned out to be quite a volatile year for the markets. First, the deepening of financial crisis, led all but UAE market to decline further in the first quarter of ...


	Aabar to invest in Arabtec Holding



	Abu Dhabi’s Aabar Investments and Dubai’s Arabtec Holdings PJSC have agreed for Aabar to acquire 70% of the shares (post‐conversion) in Arabtec Holdings ...


	Bahrain Stock Exchange signs Depository Participant (Custodian) Agreement with Gulf Custody Company



	Bahrain Stock Exchange (BSE) announced that it has signed a Depository Participant (Custodian) agreement with Gulf Custody Company (GCC) -Bahrain on 6 January ...


	DGCX achieves record annual volumes in 2009



	The Dubai Gold & Commodities Exchange (DGCX) reaffirmed the important role of derivatives in 2009 of managing risk during uncertain market conditions as the Exchange recorded 1.5 million contracts valued at US $79 billion at the end of ...


	Waha Capital closes financing of AED 6.7 billion transportation aircraft for UAE Armed Forces



	Chairman, Hussein Al Nowais – “Completing the financing reflects the trust the international financial community has in the UAE economy despite the current global ...


	GCC moves closer to common currency



	In a step toward a common Gulf Cooperation Council (GCC) currency, the central banks of Saudi Arabia, Kuwait, Bahrain and Qatar have stopped lending to the public ...


	Dubai Islamic Bank launches Al Islami Takaful Riayati



	Dubai Islamic Bank (DIB) announced today the launch of Al Islami Takaful Riayati, a comprehensive accidental death and disability insurance plan offered at a very affordable annual premium. ...

	Bahraini investment firm recruits top ...

	GFH Resolves Legends Project ...

	Saudi Arabia: Profits of banks ...

	SABIC signs an agreement for issuance ...

	Arab Banking Corporation announces US$ ...

	GFH buys back ...

	Dubai Financial Market to Acquire ...

	Nexus Predicts Double-Digit Growth for ...

	Methaq Takaful Insurance forecasts ...

	Dubai, Abu Dhabi shares rally following ...

	Global Signs its debt restructuring ...

	Khalijia Invest announces the launch of ...

	Stocks in Dubai up after three days of ...

	Bank of Georgia to enter Middle East, ...

	Dubai Group sells stake in ...

	Al Salam Bank achieves a Step Ahead in ...

	Disclosed M&A deal value slides from ...

	Ratings On Four Dubai-Based Banks ...

	Fitch Affirms Egypt's Commercial ...

	UAE markets continue to ...

	Dubai World announces restructuring ...

	UAE stock markets crash by over ...

	Stocks fall following Dubai World’s ...

	Beltone launches brokerage operations ...

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