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Finance & Banking | Global Arab Network

Oman: 11.4 % Increase in Private Deposits at the Commercial Banks

Global Arab Network - - Ammar Shikhani

Friday, 08 April 2011 22:56
Oman (Muscat) - The total value of private deposits at the commercial banks in the Sultanate, as of the end of January 2011 rose by 11.4 per cent to RO.7.229,4 millions compared to RO.6.486,9 millions in the corresponding period in 2010. Read more... Add new comment

Capital Intelligence: Qatar National Bank’s Financial Strength Rating raised to ‘AA-’

Global Arab Network - - Mohammed Almasri

Wednesday, 06 April 2011 01:05
Capital Intelligence (CI), the international credit rating agency, announced that it has raised Qatar National Bank’s (QNB’s) Financial Strength Rating (FSR) to ‘AA-’ from ‘A+’, Read more... Add new comment

Central Bank: Egypt planning to develop banking sector

Global Arab Network - - Talal Abdullah

Monday, 04 April 2011 03:06
Egypt (CAIRO) - Following a meeting with Prime Minister of the caretaker government Essam Sharaf, Central Bank of Egypt's Deputy Governor Read more... Add new comment

Competition time – Saudi Al Rajhi Bank heating up Islamic finance in Jordan

Wednesday, 30 March 2011 10:47
Competition looks set to continue heating up in the Islamic finance sector, with the latest entrant to the market, Saudi giant Al Rajhi Bank, opening for business in Read more... Add new comment

Egypt: Stock Market Index up 5.28%

Global Arab Network - - Asmaa Malik

Monday, 28 March 2011 17:16
The Egyptian stock market's main index, the EGX 30, rose 5.28 per cent on Sunday, on its third day of trading since it closed amid the country's Read more... Add new comment

Saudi Investment Bank hikes capital to $ 1.5 billion

Global Arab Network - - Ayman Khalil

Sunday, 27 March 2011 13:55
JEDDAH - Saudi Investment Bank said on Sunday it plans to increase its capital by 22 percent to 5.5 billion riyals ($1.5 billion) by issuing 1 free share for each 4.5 shares. Read more... Add new comment

Egypt stocks open strong, triggering market halt

Global Arab Network - - Asmaa Malik

Sunday, 27 March 2011 13:47
CAIRO — Egypt's stock market is reversing two days of earlier declines, with the broader EGX100 index surging almost 5.1 percent within minutes of the market's opening in a rally that forced a halt in trading. Read more... Add new comment

Egypt Stock Exchange Re-Open on 34 Billion Loss

Global Arab Network - - Gamal Ragay

Wednesday, 23 March 2011 23:32
Egypt (Cairo) - Three main indexes of Egypt's Stock Exchange (ESE) plummeted on Wednesday, and lost about LE 34 Billion on the first day Read more... Add new comment

Qatar Central Bank Hosts GCC Banking Conference

Global Arab Network - - Reda Darwish

Wednesday, 23 March 2011 23:25
Qatar (Doha) - Under the patronage of HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor Al Thani, the 10th GCC Banking Read more... Add new comment

International Islamic, Qatar Development Banks to provide financing to SMEs

Global Arab Network - - Adnan Kassar

Monday, 21 March 2011 15:55
Qatar (Doha) - International Islamic (QIIB) on Monday signed an agreement with Qatar Development Bank (QDB) to provide Read more... Add new comment