Press Releases

9 April 2017: GIB Capital, the Riyadh-based investment banking arm of Gulf International Bank (GIB), won four awards recently at the 2016 EMEA Finance Middle East Banking Awards in Dubai. GIB Capital was honoured with the “Best Investment Bank in the Middle East”, “Best Asset Manager in Saudi Arabia”, “Best Local Investment Bank in Saudi Arabia” and “Best Local Investment …

Jeddah, 06 April 2017 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) – a member of the Islamic Development Bank Group– and The Export Credit Guarantee Agency of Oman (ECGA), collaborate to further promote ICIEC’s insurance investment products to promote investment inflows and outflows related to Sultanate of Oman. ICIEC Chief Executive Officer, Mr. Oussama A. …

Dubai: 26 March 2017 – Standard Chartered Bank won the “Industry Disrupter Award” at the second edition of the Chief Digital Officer (CDO) Conclave, sponsored by Oracle and organised by UMS Conferences and Bloomberg Businessweek Middle East, as their media partner. The announcement of the win came at the event which took place recently at Dusit Thani in Dubai, UAE. …

https://www.broadcastcentre.com/event/making-business-happen-in-dubai-together/pre-live   Emerging markets are becoming increasingly attractive to 63% of UK businesses, with 75% eyeing Dubai as an overseas business location to expand into New research by DMCC (Dubai Multi Commodities Centre) reveals that just under half (42%) of UK businesses have more appetite for overseas expansion in the post-Brexit and Trump administration era Amongst the top reasons for …

Abidjan, March 2017: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, and Atlantic Business International, member of Banque Centrale Populaire du Maroc (BCP) Group inked a €40 million Euros two step Murabaha agreement. The signing took place on the sidelines of the Economic forum between Mr Abou JALLOW General Manager at ITFC …

BNY Mellon’s Treasury Services business has realigned its leadership team in Europe, the Middle East and Africa to focus on its different market segments across the region. Daniel Verbruggen and Bana Akkad Azhari have both been promoted to the business leadership team. Verbruggen will continue to be responsible for relationship management in Europe, and Akkad Azhari for the Middle East, …

iGTB to implement advanced front-to-back platform for the European bank’s trade finance services London (UK), March 08, 2017: iGTB, the Global Transaction Banking division of Intellect Design Arena Ltd, five Austrian Raiffeisen Regional Banks (Raiffeisenlandesbank Niederösterreich-Wien AG, Raiffeisen-Landesbank Steiermark AG, Raiffeisenlandesbank Oberösterreich Aktiengesellschaft, Raiffeisen-Landesbank Tirol AG and Raiffeisenlandesbank Vorarlberg Waren- und Revisionsverband regristrierte Genossenschaft mit beschränkter Haftung) and Raiffeisen Bank …

02 March, 2017  Recognising Barclays’ “Integrated Banking Model” & Quality service Dubai, UAE: Barclays was named ‘Best Private Bank’ in the United Arab Emirates during the ‘Middle East Banking Awards ceremony’, which is organised by EMEA Finance, a leading banking and finance publication specialising in Europe, Middle East and Africa. The awards, which took place in Dubai yesterday, recognised of …

MANAMA, BAHRAIN – 27 February 2017 – Ithmaar Holding BSC (formerly Ithmaar Bank BSC)  (Ithmaar) reported today (ed note: 27/02/17) a net profit of US$13.80 million for the year ended 31 December 2016, compared to a net loss of US$46.40 million reported for 2015. Net profit attributable to equity holders of the Bank for the year ended 31 December 2016 …

Milan and Paris, 18th January 2017 Funding institutions witnessed the functioning of the new system in the test environment today during the kick-off meeting for the testing phase in Milan The implementation of the Company’s pan-European instant payment infrastructure platform is fully on track for its go-live in November 2017 EBA CLEARING today announced the timely kick-off of the testing …

 Bridging the Gap between Arab and African Countries Rabat – The Arab-Africa Trade Bridges Program was launched in Rabat in the 22nd and 23rd of February by the International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank Group, and the Minister-Delegate for Industry, Trade, Investment, and Digital Economy, in charge of Morocco’s Foreign Trade, has been concluded. …

PRESS CONFERENCE BRIEFING Sunday 26th February: The sixth annual GCC Financial Forum, co-hosted by Euromoney Conferences and the Bahrain Economic Development Board will begin tomorrow in Manama, Bahrain. Eminent speakers from the regional and international financial communities will convene in Manama for two days of high-level discussions. The Forum will focus on the outlook for GCC economies, the development of …

For the twelve months ended 31 December 2016 London, 24 February 2017 Standard Chartered PLC (the Group) today releases its results for the year ended 31 December 2016. All figures are presented on an underlying basis with a full reconciliation between statutory and underlying presented on page 10. “We made good progress in 2016, cleaning up our balance sheet and …

More than 400 regional and international insurance experts to attend – EY to issue 2017 Middle East Insurance Report covering key trends – Award to recognise Best MENA insurer for 2017 – MANAMA – February 19, 2017- The 13th Annual Middle East Insurance Forum (MEIF 2017), being held in partnership with the Central Bank of Bahrain (CBB), is set to …

Riyadh – 15 February 2017 Deutsche Securities Saudi Arabia LLC’s 2017 Market Outlook event, titled “Rhetoric into reality – ten topics for 2017”, took place last night at the Four Seasons Hotel in Riyadh. The single day (February 14) event explored current issues, highlighted insights on what this year’s key economic and political dynamics are likely to be, and illustrated …

29 January 2017: Gulf International Bank’s (GIB) latest bond issue met with robust demand as the bank on 18th January, 2017 successfully priced its US$500 million long 5-year bond issuance. The order book peaked at over US$1.2 billion, allowing price guidance to be tightened to achieve a final pricing of 170 basis points over mid-swaps, 10 basis points less than …