May 13, 2013

USD finally breaks against Yen through psychological 100 level -- NBK report

An economic report published here on Sunday revealed that the major action for the week ended on Thursday night was that the USD finally broke against the Yen through the psychological 100 level and signaled to the rest of the market that the USD bull trend is still intact.

The report, prepared by the National Bank of Kuwait (NBK) said that as investors...

April 25, 2013

Fitch affirms Abu Dhabi Commercial Bank at 'A+': outlook stable

KEY RATING DRIVERS: IDRS, SUPPORT RATING AND SUPPORT RATING FLOOR

ADCB's Long- and Short-term IDRs, Support Rating and Support Rating Floor reflect Fitch's belief that there is an extremely high probability of support from the UAE authorities and the emirate of Abu Dhabi if required. This is based on the strong history of support for local banks from...

April 24, 2013

Al Khaliji Reports 8% increase in Net Profit at QR 131.5 Million For The First Quarter Of 2013

• Net profit of QR 131.5 million for the first quarter of 2013 is 8% higher than the same period of 2012
• Total assets at QR 34.4 billion, 28% higher than the first quarter of 2012
• Loans and advances grew by 8% during Q1 2013 and 20% comparing with Q1 2012 to reach QR 14Bn
• Net fee and commission income at QR 47.3 million, up 82%...
  Read More >>

April 22, 2013

Union Bancaire Privée and Guggenheim Fund Solutions Power an Advanced Hedge Fund Platform That Meets the Requirements of Global Investors

Following the acquisition and integration of Nexar, Union Bancaire Privée, UBP SA has launched an alternatives division that offers clients broad alternative investment expertise, as well as innovative solutions. As part of this strategy, it has selected Guggenheim Fund Solutions"...

April 22, 2013

Bank of America Reports First-Quarter 2013 Net Income of $2.6 Billion, or $0.20 per Diluted Share

Business Momentum Continues

• Deposit Balances up 5 Percent From Q1-12 to $1.1 Trillion
• First-lien Mortgage Production up 57 Percent From Q1-12 to $24 Billion
• Global Wealth and Investment Management Reports Record Post-merger Revenue, Net Income and Long-term Assets"...
  Read More >>