Archive for the Category ‘Finance’

Gemalto Supports Diners Club Spain’s EMV Migration

Gemalto Supports Diners Club Spain’s EMV Migration

AMSTERDAM – Thursday, February 2nd 2012 [ME NewsWire] (BUSINESS WIRE)– Gemalto (Euronext NL0000400653 GTO), a world leader in digital security, announces the availability of an approved EMV applicationwhich will be deployed by Diners Club Spain during 2012. Gemalto is providing Diners Club Spain with consulting and personalization services, in addition to Dynamic Data Authentication (DDA) [...]

QInvest Invests in the Landscaping Services Sector in Qatar

QInvest Invests in the Landscaping Services Sector in Qatar

Doha- Qatar – Sunday, January 29th 2012 [ME NewsWire] QInvest, Qatar’s leading Investment bank, has acquired 30.5% of Al Nakheel Agriculture and Trading Company W.L.L. and AG Middle East LLC (together the “Group”). Based in Doha, Qatar, the companies specialize in providing landscaping and related maintenance services to governmental, corporate and industrial customers. This acquisition [...]

The Islamic Bank of Asia Announces Two Strategic Appointments – Harish Parameswar as Head of Investment Banking & Saleh Al Nashwan as Chief Representative of Bahrain Representative Office

The Islamic Bank of Asia Announces Two Strategic Appointments – Harish Parameswar as Head of Investment Banking & Saleh Al Nashwan as Chief Representative of Bahrain Representative Office

Appointments underscore bank’s commitment to strengthen its merchant banking business and promote greater capital flows between the Middle East and Asia SINGAPORE & MANAMA, Bahrain – Thursday, January 26th 2012 [ME NewsWire] (BUSINESS WIRE)– The Islamic Bank of Asia (IB Asia) today announced two key senior appointments to drive the bank’s focus on investment banking [...]

Syncada Network Processed a Record $21 Billion in 2011

Syncada Network Processed a Record $21 Billion in 2011

MINNEAPOLIS – Wednesday, January 18th 2012 [ME NewsWire] (BUSINESS WIRE)– Syncada from Visa announced today that its global financial supply chain network processed more than $21 billion in payments during 2011, a substantial increase from 2010 and a record in annual payments for the company. “Creating efficiency in the financial supply chain has a direct, [...]

Abu Dhabi Capital Management announces the intention of Qannas Investments Limited to raise up to $50 million as part of a $200 million investment program, and admit its shares to trading on AIM

Abu Dhabi Capital Management announces the intention of Qannas Investments Limited to raise up to $50 million as part of a $200 million investment program, and admit its shares to trading on AIM

ABU DHABI, United Arab Emirates – Wednesday, January 18th 2012 [ME NewsWire] Abu Dhabi Capital Management (“ADCM”) today announces the intention of Qannas Investments Limited (the “Company” or “Qannas”) to apply for the admission of its shares to trading on AIM, a market of the London Stock Exchange Plc (“Admission”), and to proceed with an [...]

Chartis Aligns Geographic Structure to Enhance Commercial and Consumer Strategies and Emphasize Growth Economies

Chartis Aligns Geographic Structure to Enhance Commercial and Consumer Strategies and Emphasize Growth Economies

NEW YORK – Wednesday, January 18th 2012 [ME NewsWire]   (BUSINESS WIRE)– Chartis today announced that it has aligned its geographic structure to enhance execution of the company’s commercial and consumer strategies and to add greater focus on its growth economies initiatives. Under this framework, Chartis will be organized under three major geographic areas: the [...]

Mark Weinberger elected next Global Chairman and CEO of Ernst & Young

Mark Weinberger elected next Global Chairman and CEO of Ernst & Young

LONDON – Tuesday, January 17th 2012 [ME NewsWire] Jim Turley to retire in 2013 (BUSINESS WIRE)– Ernst & Young is delighted to announce that Mark Weinberger has today been named its next Global Chairman and CEO. Weinberger will succeed current Global Chairman and CEO Jim Turley, who announced recently that he will retire on 30 [...]

QNB Group Financial Results for the Year Ended December 31, 2011

QNB Group Financial Results for the Year Ended December 31, 2011

Doha, Qatar – Monday, January 9th 2012 [ME NewsWire] QNB Group, one of the leading financial institutions in the Middle East and North Africa, continued to record robust growth in profitability, with Net Profit for 2011 exceeding QR7.5 billion, up by 32% compared to 2010. The Board of Directors is recommending to the General Assembly [...]

DP World, UAE Region Achieves Top Recognition From ACCA

DP World, UAE Region Achieves Top Recognition From ACCA

Dubai, United Arab Emirates – Sunday, December 25th 2011 [ME NewsWire] DP World, UAE Region has been globally recognised by the Association of Chartered Certified Accountants (ACCA) as providing outstanding training and development opportunities for DP World’s Finance Department employees. The ACCA Platinum Approved Employer certificate was presented to Mohammed Al Muallem, Senior Vice President [...]

Al Hilal Bank named ‘Best Retail Bank (GCC)’ at prestigious Islamic Business & Finance Awards

Al Hilal Bank named ‘Best Retail Bank (GCC)’ at prestigious Islamic Business & Finance Awards

December 19, 2011 Al Hilal Bank, a progressive Islamic bank, won as ‘Best Retail Bank (GCC)’ during the 6th edition of the prestigious Islamic Business & Finance Awards held recently in Dubai. This marks the fourth major industry recognition for the bank this year. Al Hilal Bank won the most number of votes under the [...]

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