finance

  • Al Ahli Bank of Kuwait (ABK) prices its highly successful US$300 million Tier 1 perpetual bond

    Al Ahli Bank of Kuwait K.S.C.P. (“ABK”) today priced a highly successful US$300 million bond, marking the first international capital markets issuance out of Kuwait in 2018. The instrument, issued to further boost ABK’s eligible Tier-1 capital has a call date of 5 years.

  • Al Ansari Exchange among Forbes Middle East’s 2015 list of ‘Top Companies in the Arab World’

    Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has been included in this year’s list of Forbes Middle East’s Top Companies in the Arab World, an annual regional ranking that recognizes the achievements and successes of the most prominent companies in the Arab World. The company was part of this year’s list of 100 companies that was revealed during a special gala event held recently at The Oberoi, Dubai. Al Ansari Exchange was commended for its key role in helping shape the future of Arab economies and for its continuing commitment towards providing service excellence to its continuously growing consumer base.

  • Al Ansari Exchange extends its reach with launch of automated kiosks in more than 750 locations across UAE

    Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced that it has launched self-service kiosks powered by MBME (Max Box Middle East) in its selected branches and in more than 750 MBME kiosks nationwide. The move will allow Al Ansari Exchange’s customers to send money to their family and friends worldwide during any time of the day.

  • Al Ansari Exchange grants half a million dirhams to Emirates Foundation

    In line with its corporate social responsibility (CSR) strategy, Al Ansari Exchange, the UAE-based company that provides worldwide remittance and foreign exchange services, has announced a grant of AED 500,000 to Emirates Foundation, an independent philanthropic organisation set up by the Abu Dhabi Government to facilitate public-private partnerships for empowering youth across the UAE.

  • Al Ansari Exchange named ‘UAE Superbrand’ for the 12th year

    Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, was recognized with the ‘UAE Superbrand’ award for the 12th consecutive year by the UAE Superbrands Council, the internationally-acclaimed independent authority for branding excellence. Husam Mahmoud, Marketing Manager at Al Ansari Exchange received the award at the Super Brands awarding ceremony held recently at the InterContinental Dubai Festival City in Dubai. 

  • Al Ansari Exchange named a Superbrand for 10th consecutive year

    Al Ansari Exchange, the UAE-based company that provides worldwide remittance and foreign exchange services, has been named as a ‘UAE Superbrand’ for the 10th year in a row by the UAE Superbrands Council, an internationally acclaimed independent authority of branding excellence. The award was accepted by Ali Al Najjar, Assistant General Manager and Head of Operations Department, Al Ansari Exchange at the prestigious Superbrands Tribute Event held recently at InterContinental Dubai Festival City.

  • Al Ansari Exchange to exempt Nepalese customers from money transfer charges

    Al Ansari Exchange, the UAE-based company that provides worldwide remittance and foreign exchange services, has announced its recent move to exempt its Nepalese customers from being charged money transfer fees when using the Worldwide Cash Express’ money transfer service for a period of two weeks. The temporary exemption is expected to help Nepalese expats in the UAE to send more money without any charge to their families who have been affected by the devastating earthquake that hit Nepal earlier this week, resulting in thousands of deaths.

  • Al Hilal Bank named ‘Best Islamic Financial Institution’ in the UAE & Kazakhstan by Global Finance magazine

    Al Hilal Bank has announced that it was named ‘Best Islamic Financial Institution’ in the UAE and in Kazakhstan at Global Finance magazine’s 8th Annual Awards for the World’s Best Islamic Financial Institutions. The recognition affirms Al Hilal’s exceptional ability to ensure safety and security for its customers while developing new and innovative structures in line with Shariah financial principles. This marks the first time that the bank has won under the Awards’ Country category.

  • Al Hilal Bank raises Private Placement funding USD 225 Million

    Al Hilal Bank acquired a Private Placement funding worth USD 225 Million under its existing Trust Certificate Issuance Program of USD 2.5 Billion. This is the second tranche under the program. The first funding secured was worth USD 500 Million for five years, and was issued back in 2013.

  • Al Hilal Bank Wins 10th Middle East Smart Government and City Customer Care Excellence Award

    Al Hilal Bank won the 10th Middle East Smart Government and City Customer Care Excellence Award, presented by the Middle East Excellence Awards Institute during a special ceremony held on the 3rd February 2016 in Dusit Thani, Dubai. The award was conferred to the organizations that displayed outstanding achievements in customer care, supporting the excellence-driven efforts and improving the smart government system.

  • Al Hilal GCC Equity Fund named ‘Best Islamic Fund’ at Banker Middle East UAE Product Awards 2015

    Al Hilal Bank’s ‘Al Hilal GCC Equity Fund’ has won the ‘Best Islamic Fund Award’ at the recently concluded 2015 Banker Middle East UAE Product Awards. This marks the second consecutive year that the open-ended fund has received the distinguished honor.

  • Al Hilal Takaful and Euler Hermes sign distribution agreement in Abu Dhabi

    Al Hilal Takaful, the takaful insurance subsidiary of Al Hilal Bank, has signed a distribution agreement in Abu Dhabi with Euler Hermes, the worldwide leader of trade credit insurance. The landmark agreement was forged recently at Al Bahr Towers, Al Hilal Bank’s headquarters in Abu Dhabi, during a special ceremony attended by Euler Hermes’ Regional Board.

  • al khaliji Annual General Assembly Endorses 2016 Financial Statements and Approves Distribution of Cash Dividends

    Al Khalij Commercial Bank (al khaliji) Q.S.C. held its Annual General Assembly (AGA) and its Extraordinary General Assembly (EGA) meetings on Monday 20 February 2017.

  • al khaliji Financial results for the first quarter of 2018

    Al Khalij Commercial Bank (al khaliji) P.Q.S.C, in Qatar, released its consolidated financial statements for the quarter ended 31 March 2018 today with a Net Profit of QAR 169.6 million for the quarter. This represents an increase of 5.3% over its financial results for the same period of last year

  • al khaliji reports 2016 net profit of QAR 427 million

    Al Khalij Commercial Bank (al khaliji) P.Q.S.C, in Qatar, released its consolidated financial statements for the year ended 31 December 2016 today with a Net Profit of QAR 427 million for 2016.

  • AL KHALIJI REPORTS A NET PROFIT OF QAR 320 MILLION FOR H1 2017

    Al Khalij Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the first six months of 2017, reporting a Net Profit of QAR 319.8 million. This was driven by growth of 3.4% in operating income, effective cost management leading to lower operating expenses and prudent provisioning on the credit portfolio.

  • AL KHALIJI REPORTS A STRONG INCREASE OF 29% IN NET PROFIT FOR 2017

    Al Khalij Commercial Bank (al khaliji) P.Q.S.C, in Qatar, released its consolidated financial statements for the year ended 31 December 2017 today with a Net Profit of QAR 551 million for 2017.

  • AL KHALIJI REPORTS THIRD QUARTER NET PROFIT OF QAR 425 MILLION

    Al Khalij Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the third quarter of 2016, reporting a Net Profit for the first nine months of QAR 425 million.

  • al khaliji’s seminar on Trade Finance attracts more than 40 chartered accountants from Qatar’s prominent firms

    Al Khalij Commercial Bank (al khaliji) P.Q.S.C has recently delivered a seminar on the “Technical Aspects of Trade Finance” at the Raddison Blu Hotel in Doha. This seminar reinforces the bank’s commitment to educate industry professionals to remain well informed and knowledgeable in banking & trade finance business.

  • Al Mal Capital acquires US-based Poinsettia Plaza shopping centre

    Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC and a diversified, multi-line investment institution headquartered in Dubai, has announced the acquisition of Poinsettia Plaza – the 153,000 square feet neighborhood shopping centre located in Ventura, California.