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Sat, 04 Jul 2009 | 23:38 GMT
 

  • QNB Launches New State of the Art Customer Care Center


    Qatar National Bank (QNB) announced the launch of its newly upgraded state-of-the-art Customer Care Center, which is tailored to enhance customer satisfaction and meet the demands of the Bank's growing activities. Press Release - 04Jul 12:44GMT
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  • Emirates NBD hosts an elite networking event at Burjuman Business Towers


    Priority Banking at Emirates NBD, the largest bank in terms of assets in the region, organized a networking event at the Regus Business Centre for highly placed professionals working in their business centre in Burjuman Business Towers. Press Release - 04Jul 07:33GMT
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  • Iraq: Investment commission to use escrow system


    The Iraqi investment commission is currently working on activating escrow system in Iraqi banks, to allow companies investing in the housing field to employ it, a member of the commission said Friday. Aswat Aliraq - 04Jul 06:46GMT
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  • Domestic liquidity shields Oman


    The banking sector in Oman has been shielded from the adverse effects of the global slowdown and continues its resilience by drawing support from the expansionary fiscal policy and supportive domestic liquidity conditions. Times of Oman - 04Jul 06:17GMT
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  • Qatar Bank Lending Fell By QR15.5bn In First Quarter


    Bank lending in Qatar fell by QR15.5bn during the first quarter of this year, a seven percent decline from the end of December 2008. The Peninsula - 04Jul 05:52GMT
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  • Mideast IPOs drop 87% in H1 of '09


    Middle East companies launched fewer initial public offerings (IPOs) in the first half compared with a year earlier as choppy regional markets and concerns over the global financial crisis weighed on sentiment, Zawya.com data showed. The Saudi Gazette - 04Jul 04:44GMT
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  • Asian markets mixed after grim US jobs data


    Asia's markets were mixed Friday as investor confidence took a blow from worse-than-expected jobs figures out of the United States that suggest a global recovery may not be as close as hoped. AFP - 03Jul 11:10GMT
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  • European stocks extend losses


    Europe's main stock markets weakened further on Friday after sliding a day earlier on news of greater-than-expected job losses in the United States. AFP - 03Jul 10:53GMT
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  • European stocks rise at open, London up 0.09 pct


    Europe's main stock markets recovered slightly at the start of trade on Friday, with London's FTSE 100 index edging up by 0.09 percent to 4,238.22 points. AFP - 03Jul 07:34GMT
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  • Fitch Affirms Bank Audi's Stable Outlook


    Fitch Ratings has affirmed Lebanon-based Bank Audi ratings at Long-term Issuer Default (IDR) 'B-' with Stable Outlook, Short-term IDR 'B', Individual 'D' and Support '5'. The Saudi Gazette - 03Jul 07:33GMT
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Alinma Bank Opens New Branches
 
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Alinma Bank opens today first batch of new branches in three basic countries - 04Jul
 
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Research     

Emirates NBD
Abu Dhabi Commercial Bank - 29 Jun 2009

ADCB maintains its BUY recommendation on Emirates NBD with a target price of AED 4.51, representing a 33.8% upside potential to the current market price of AED 3.37. The company is expected to achieve FY09 net profit of AED 3,556 million, compared to AED 3,681 million for FY08. The stock is currently trading at a PE of 5.7x for FY09.


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