Tuesday 7 July 2015
 
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Al Hilal Bank honoured for ‘Heart to Heart’ campaign

Al Hilal Bank was honoured by the Zayed Giving Initiative in appreciation for its collaboration in launching the ‘Heart to Heart’ Ramadan charity campaign during the ‘Zayed Humanitarian Forum’ that was held recently in Ab

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30 interns to undergo internship at Al Salam Bahrain

Al Salam Bank-Bahrain welcomed a batch of 30 young Bahrainis, to the bank’s ninth consecutive annual summer internship programme. The induction programme for the 23 female and seven male students was held at the Ramee Hotel,

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30 interns to undergo internship at Al Salam Bahrain

Al Salam Bank-Bahrain welcomed a batch of 30 young Bahrainis, to the bank’s ninth consecutive annual summer internship programme. The induction programme for the 23 female and seven male students was held at the Ramee Hotel,

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Omani banks sign deal on proposed merger

Oman’s Bank Sohar and Bank Dhofar have entered into a non-binding agreement on a proposed merger, the duo said, in the latest move towards consolidation in the country’s bloated banking sector. The two lenders agreed t

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Bank Muscat, AXA in deal to offer life insurance in Oman

Bank Muscat, a leading financial services provider in Oman, has signed a 10-year partnership agreement with leading international insurer in the region AXA Gulf, to offer bancassurance products covering life protection, investment and savings to

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DBS Bank gets approval to issue LCs for trading on DME

The Dubai Mercantile Exchange (DME) said the DBS Bank’s Singapore office has approved to issue letters of credit (LCs) for trading crude oil on the exchange. DBS is the first Singapore bank to receive such approval and will

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Bank of America Merrill Lynch wins top M&A award

Bank of America Merrill Lynch has been recognised as the ‘Best M&A House in the UAE’ at the 2015 Euromoney Middle East Awards for Excellence recently. The bank has worked on some of the UAE and wider GCC region&rsq

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Noor Bank launches campaign to increase overseas spend

Noor Bank in association with MasterCard has launched a mega card campaign that will reward customers when they spend internationally using their Noor Bank MasterCard credit or debit card. The campaign aims to encourage Noor Bank

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Ithmaar Bank seeking IFRS alternatives

Bahrain-based Ithmaar Bank, an Islamic retail bank, has announced it is open to exploring alternatives in consultation with Kuwait Stock Exchange, with regard to compliance with International Financial Reporting Standards (IFRS).

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Khaleeji Commercial wins STP award from StanChart

Bahrain-based Islamic retail bank Khaleeji Commercial Bank (KHCB) has been given the straight through processing (STP) award by Standard Chartered Bank. The award is given to select banks worldwide that meet stringent criteria whe

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