Press Releases

Dubai, United Arab Emirates, 11 June 2017 – GCC corporate bond market records solid performance in 2017 – Sukuk issuance year-to-date indicates healthy investor demand – Investors in Middle Eastern assets undeterred by low oil prices Total gross bond issuance in the GCC has already surpassed 2016’s total value in the first five months of this year, according to Fisch …

The new service will allow Empower’s customers to know the outstanding balance and make the payment of their district cooling consumption bills at all ENBD ATMs and CDMs across the UAE. Dubai, UAE, 7 June 2017: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, launched payment facility for its customers through Emirates NBD (ENBD) bank’s …

With The Addition of a New Blockchain Distributed Ledger, Quisk Builds on Smart Dubai Government’s Strategy and Shares a Bold New Vision for the Future Dubai, UAE; Wednesday, May 31, 2017; Quisk, Inc., headquartered in Silicon Valley and provider of a secure digitized cash payment network for banks and financial institutions around the world, announced today that it will begin incorporating …

  SWIFT gpi will bring more transparency and traceability to cross-border payments Dubai, 28 May 2017 – SWIFT announces today that Mashreq Bank has signed up for its global payments innovation (gpi) service, to become the first bank in the Middle East to join this international initiative. The bank will be joining forces with 100 leading banks globally. SWIFT gpi …

UAE, 23 May, 2017 – Standard Chartered Private Bank has been awarded “Best Private Bank” in the UAE at the 18th Banker Middle East Industry Awards’ Gala Dinner, held at Jumeirah Emirates Towers in Dubai last week. The announcement was made before an audience of some 400 senior bankers and financiers, including more than 30 Chief Executives from around the …

World economy and financial markets enjoying surge in confidence as 2017 unfolds 14 May 2017, Dubai – The world economy is currently benefiting from strong US growth, solid export data from Asia and booming asset markets. Much of this comes down to a few common factors – high (but not too high) oil prices, China’s inventory cycle, and reflation expectations …

Jeddah, May 2017 On the side-lines of the Islamic Development (IDB) Group 42nd Annual Meeting of the Board of Governors held in Jeddah during the period from 14th to 18th of November 2017, the International Islamic Trade Finance Corporation (ITFC) has signed a three -Years US$ 450 million socioeconomic development framework agreement with the Government of Burkina Faso. The agreement …

Manama, Bahrain – 2nd May 2017: GFH Financial Group (“GFH” or “the Group”) today announced a net profit attributable to shareholders of $31.91 million for the first quarter of 2017 ended 31 March, representing 427% increase from $6.06 million reported in the prior year period. The Group reported a consolidated net profit of $33.55 million for the quarter as compared …

02 May 2017  28 Major Transactions exceeding $53 billion in Total Deal Value [Dubai, UAE]: In recognition of its continued leadership in the Investment Banking space, Barclays has been crowned ‘Best Foreign Investment Bank’ in the Middle East by EMEA Finance, a leading banking and finance publication specialising in Europe, Middle East and Africa. The judging panel’s decision to name …

Arab Bank Group announced its results for the first quarter of 2017 reporting a net profit after tax of $218.2 million as compared to $218.3 million. Net operating income before provisions and taxes reached $290 million driven by growth in the underlying core banking revenue. Excluding the effect of foreign currency devaluations, the Bank’s net operating income would have shown …

Agreement allows the bank to offer its corporate clients new smart cash management services which will help them save time and cut handling costs   30 April 2017, Dubai – Standard Chartered Bank has signed a partnership agreement with leading UAE-based business support provider Transguard Group, which will enable the bank to offer its corporate clients a smarter and more …

Al Mansoori: ‘Our countries are interested in developing fruitful partnerships in tourism & mining’ Abu Dhabi, April 26, 2017 H.E. Eng. Sultan bin Saeed Al Mansoori, the UAE’s Minister of Economy, has discussed ways to further develop trade and investment ties with Australia with H.E. Steven Ciobo, the Australian Minister of Trade, Tourism and Investment. Talks were held during a …

Building high income yielding real estate assets portfolio across multiple asset classes- Dubai –16 April 2017 — GFH Capital, a subsidiary of Bahrain based GFH Financial Group, today announced the signing for a new investment in a US Virginia-based Data Center with market value exceeding US$100 million. The investment is being undertaken in partnership with Corporate Office Properties Trust (COPT), a US$5 billion NYSE-listed REIT and one of the leading data center operators …

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months ended 31 March 2017. For the three months ended 31 March 2017, Net Profit reached QAR3.2 billion (USD0.9 billion), up by 12% compared to previous year, delivering a consistently high profitability. Total assets increased by 35% from March 2016 …

Dubai, 11 April 2017 – Standard Chartered Bank announced today the launch of its Video and Chat Banking service for clients in the UAE, a first for an international bank. The launch follows the successful roll-out of the service in Malaysia, Singapore, Taiwan in 2016 and Hong Kong and China Q1 of 2017.The Bank is now bringing its Video and …