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Top Financial Services News

  • IPO activity in GCC faces challenging year - Deloitte


    After a year of sluggish initial public offering, or IPO, activity, 2012 looks to be another challenging one in terms of expectations for new listings in the GCC region, accountancy firm Deloitte said. Khaleej Times - 14Feb 09:35GMT
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  • India,Iran work out rupee trade mechanism


    Indian and Iranian governments have worked out Rupee trade mechanism for payment of India's total crude imports from the latter in Rupees rather than convertible currency - the US Dollar normally used for such trade globally, The Time of India reported. Trend News Agency - 14Feb 08:01GMT
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  • Kuwait's Central Bank chief quits in protest


    The governor of the Central Bank of Kuwait, Sheikh Salem Abdulaziz Al-Sabah, said Monday he has resigned in protest against the country's steep rise in spending. Arab Times - 14Feb 08:00GMT
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  • Al Omaniya profit up 17%


    Al Omaniya Financial Services, Oman's largest non-banking financial company (NBFC), has posted a 16.94 per cent year-on-year rise in profit for 2011 to RO4.83mn. Earnings per share stood at 31bz. Muscat Daily - 14Feb 07:39GMT
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  • MoCI launches trial of Oman SME loan-guarantee programme


    Small and medium enterprises (SMEs) in Oman are to receive support from the Ministry of Commerce and Industry (MoCI), which has initiated the trial of its SME loan-guarantee programme. The ministry also announced that its National Business Centre (NBC) is anticipated to open by April. Muscat Daily - 14Feb 07:38GMT
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  • Another weak year for IPOs in the GCC - PwC


    Initial public offerings (IPO) in the six nation Gulf Corporation Council (GCC) markets continued spiralling downwards in the fourth quarter of 2011 summing up a difficult year for IPOs on the regional exchanges. Press Release - 14Feb 07:35GMT
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  • Luup launches Mobile Travel Authorisation & Budget Management Service


    Luup took to the stage at high-profile financial technology showcase FinovateEurope in London, launching a Mobile Travel Authorisation & Budget Management Service. Press Release - 14Feb 07:35GMT
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  • Kuwait's Ahli United Bank 2011 profits grow by 15%


    Ahli United Bank announced its financial results for the year 2011 where it was able to achieve net profit amounting to KD 31.5 million compared to KD 27.4 million for the previous year 2010 recording a remarkable growth of 15% in net profit, resulted in higher earnings per share reaching 31.1 fils compared to 27.0 fils for previous year. Kuwait Times - 14Feb 07:30GMT
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  • Fitch rates Qatar-based Al Khaliji 'A-'


    Fitch Ratings has assigned Al Khalij Commercial Bank (al khaliji) Q.S.C. (al khaliji) a Long-term foreign currency Issuer Default Rating (IDR) of 'A-' with a Stable Outlook, Short-term IDR of 'F2', Viability Rating (VR) of 'bb+', Support Rating of '1' and Support Rating Floor of 'A-'. Press Release - 14Feb 07:29GMT
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  • Al Mawarid Bank in cooperation with the Social Work League


    Al Mawarid Bank s.a.l., one of the leading banks in Lebanon, announced the signing of a cooperation protocol with the Social Work League to endorse students aspiring to continue their studies in higher education institutions. Press Release - 14Feb 07:29GMT
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