BANKING

Kuwait-based Burgan Bank Group has registered a 24 per cent jump in its net income for the first half of 2017 which soared to KD39 million ($128 million) from last year's KD31.4 million ($103.5 million).

Announcing the earnings for the first six months, Burgan said the selective and prudent growth approach amid regional operating environment complexities, continues to yield good results,"... Continue Reading

Burgan Bank Group announced today its first half earnings of financial year 2017. The selective and prudent growth approach amid regional operating environment complexities, continues to yield good results, and reflects solid operating capabilities & efficiencies.

Reported net income grew by 24% reaching KD 38.9 million ($127.7"... Continue Reading

Ahli United Bank announced its results and financial statements for the first half ending on June 30, 2017, following the endorsement of the statements by the Bank’s Board of Directors and the approval of the Central Bank of Kuwait. The Bank’s net operating profit grew by 5% amounting to KD 39 million during the first half, up from KD 37 million recorded in the first six months of 2016.

July 20, 2017

(ME NewsWire)-- Marc Firestone, Senior Vice President and General Counsel of Philip Morris International (NYSE/Euronext Paris: PM), today appeared as an invited witness before the Commission on Security and Cooperation to offer expert testimony in support of the Commission’s objective of addressing the security and economic threats posed by the illicit trade"... Continue Reading

July 19, 2017

(ME NewsWire)-- Continuing its quest to democratize investing for all, The invest.com Group is today announcing an upcoming token generation event for Stox, a new prediction-based trading platform. invest.com was founded in 2014, employs a team of 200 across five countries, has 3M registered clients, and generated $50M in annual revenue for 2016. Stox will be issued as a smart token using the Bancor protocol, which the team has evaluated to be the best blockchain based liquidity solution. STX will hold BNT in its reserve which would guarantee continuous and high liquidity, enabling anyone to purchase STX directly through the smart token with Ether, as well as liquidate STX back to Ether — notably, with low slippage and no spread. “We are excited to collaborate with Stox and support their effort to become a pioneer member in the Bancor network....... Continue Reading

July 19, 2017

(ME NewsWire)-- Archer Daniels Midland Company (NYSE: ADM) announced today that it has completed its acquisition of a controlling interest in Industries Centers, which will now be known as ADM Israel.

“By combining ADM’s unparalleled global network with the experience and capabilities"... Continue Reading

July 18, 2017

(ME NewsWire)-- The Andersen name will debut in Israel and the Middle East this week as Beneli Tax formally adopts the Andersen name as a member firm of Andersen Global. The tax firm, based in Tel Aviv, entered a Collaboration Agreement with Andersen Global in January 2017, and is now a full-fledged member firm operating under the name Andersen Tax.

“We"... Continue Reading

July 18, 2017

IMA® (Institute of Management Accountants) today introduced a revision to its Statement of Ethical Professional Practice (SEPP), designed to help guide the ethical aspects of the business, as well as personal decisions of IMA members and other management accounting"... Continue Reading

July 18, 2017

(ME NewsWire)-- Bank of America reported its second-quarter 2017 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

• Bank of America newsroom at http://newsroom.bankofamerica.com.
"... Continue Reading

July 17, 2017

Beyontec, a leading insurance information and technology firm specializing in providing configurable solutions to the P & C Insurance industry announced today that Muscat Insurance Company (MIC), one of the leading insurance companies in Oman has selected Beyontec as their preferred technology partner. Beyontec will implement their award-winning insurance solution"... Continue Reading