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BANKING

Burgan Bank's H1 net income up 24pc

July 22, 2017

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 announces 2017 first half earnings – Group reports net income of KD 38.9 million

July 21, 2017

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 (Kuwait) achieves KD 26.5 mln net profit for first half – ‘Continuity of growth in profits is further evidence of bank’s financial position, successful strategy’

July 21, 2017

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.

... Continue Reading

Philip Morris International General Counsel Gives Expert Testimony at U.S. Commission Hearing on Global Threats Posed by Illicit Tobacco

July 20, 2017

Philip Morris International General Counsel Gives Expert Testimony at U.S. Commission Hearing on Global Threats Posed by Illicit Tobacco

(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

The invest.com Group Announces Token Generation Event for Stox, A New Prediction Market Platform

July 19, 2017

The invest.com Group Announces Token Generation Event for Stox, A New Prediction Market Platform

(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

ADM Expands Destination Marketing Capabilities with Completion of Industries Centers Acquisition

July 19, 2017

ADM Expands Destination Marketing Capabilities with Completion of Industries Centers Acquisition

(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

Andersen Tax Announces Debut in Israel

July 18, 2017

Andersen Tax Announces Debut in Israel

(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

IMA Encourages Proactive Issues Resolution, Personal Accountability and Whistleblower Protections in Revised Ethics Guidance

July 18, 2017

IMA Encourages Proactive Issues Resolution, Personal Accountability and Whistleblower Protections in Revised Ethics Guidance

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

Bank of America Reports Second-Quarter 2017 Financial Results 

July 18, 2017

Bank of America Reports Second-Quarter 2017 Financial Results 

(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:

Muscat Insurance Company Selects Beyontec Suite 

July 17, 2017

Muscat Insurance Company Selects Beyontec Suite 

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

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