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Press Releases

Mashreq Bank first bank in Middle East to join SWIFT gpi

  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 ... Read More »

Standard Chartered named “Best Private Bank” in the UAE

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 ... Read More »

Global Focus Report: Animal spirits rekindled

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 ... Read More »

The International Islamic Trade Finance Corporation (ITFC) Signs US$ 450 Million Socioeconomics Development Framework Agreement with the Government of Burkina Faso

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 ... Read More »

GFH Reports Net Profit Of $32 Million Attributed to Shareholders For The First Quarter Of 2017

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 ... Read More »

BARCLAYS named ‘Best Foreign Investment Bank’ in the Middle East

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 ... Read More »

Arab Bank Group reports first quarter 2017 net profits of $ 218.2 million

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 ... Read More »

Ministry of Economy discusses ways to develop trade & investment ties with Australian Minister for Trade & Investment

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 ... Read More »

GFH signs to acquire us Virginia data center

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 ... Read More »

QNB Group Financial Results For Q1 2017

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 ... Read More »

First International bank to launch video banking in the UAE

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 ... Read More »

GIB Capital wins four EMEA Finance Awards including “Best Investment Bank in the Middle East”

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 ... Read More »

ICIEC and ECGA Forge Accord Reinforcing Investment in and from Oman

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. ... Read More »

Standard Chartered scoops the “Industry Disrupter Award’’ at the Digital Excellence Awards

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. ... Read More »