Banking

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SME Banking

Bank Dhofar appoints new CEO
Oman-based Bank Dhofar has namend Kris Babicci as its new CEO, the bank has announced. Babicci, who joined the bank in October 2007, was previously the Chief Operating Officer. Before joining Bank Dhofar in 2007, he held senior positions at Australia and New Zealand Banking Group and Standard Chartered Bank.
Oman: Tuesday, June 17 - 2008 at 09:58 |

JP Morgan official detained
A senior executive at US investment bank J.P. Morgan Chase is being detained in Dubai as part of a fraud investigation at Dubai Islamic Bank, reported the Wall Street Journal. Omair Mooraj, who joined J.P. Morgan in September as managing director and head of Islamic banking for the region, is one of several people being held by Dubai police in the inquiry.
United Arab Emirates: Tuesday, June 17 - 2008 at 07:58 |

UNB offers 125% credit for SMEs
The Union National Bank (UNB) said it is offering small and medium enterprises (SMEs) and sole proprietary concerns to obtain credit facilities of 125% against a personal or company deposit placed with UNB. SMEs can also repay the excess portion of the loan in fixed monthly instalments.
United Arab Emirates: Monday, June 16 - 2008 at 15:03 |

NBAD denies Ahli merger
National Bank of Abu Dhabi (NBAD) has denied reports that a merger is being considered with Bahrain's Ahli United Bank. Ahli United Bank has also denied that it was the source of the earlier report regarding the rumoured merger.
United Arab Emirates: Monday, June 16 - 2008 at 09:05

First Energy Bank offer up to $1bn
Gulf Finance House announced the final initial private placement offering for First Energy Bank at $1bn, up from the initially planned $750m, said news reports. First Energy Bank will be incorporated as an Islamic Wholesale Bank regulated by the Central Bank of Bahrain and is to be constituted as a closed Bahrain Joint Stock company.
Bahrain: Sunday, June 15 - 2008 at 09:14

Dubai Bank opens in Khorfakkan
Dubai Bank announced it has opened its new Khorfakkan branch in Sharjah. The bank has now a total of 18 branches across the UAE.
United Arab Emirates: Saturday, June 14 - 2008 at 09:20

Ajman Bank to list on DFM
UAE-based Ajman Bank has announced that it will list its shares on the Dubai Financial Market on the 22nd of June 2008. More than 211,000 UAE and non-UAE investors applied for shares in the Initial Public Offer, submitting more than Dhs42bn ($11.4bn) for investment, representing an over-subscription rate of more than 77 times, according to a statement.
United Arab Emirates: Thursday, June 12 - 2008 at 11:14

Mashreq named 'best bank in UAE'
Mashreq was named 'Best Bank in the UAE' for the fourth time in the last 16 years at the 2008 Euromoney Awards for Excellence Middle East held in Dubai on Wednesday. The bank's CEO, Abdul Aziz Al Ghurair, was given the 'QFC Euromoney Award for Outstanding Contribution to Financial Services in the Middle East' for his efforts to promote the UAE banking industry, reported Khaleej Times.
United Arab Emirates: Thursday, June 12 - 2008 at 07:54 |

Index : Banking : Page 35