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ADIB appoints new head of Wholesale Banking   

Gulf Today - 23 July, 2012

Abu Dhabi Islamic Bank (ADIB) announced on Sunday the appointment of Arif Usmani as the Global Head of ADIB’s Wholesale Banking business.

Arif is a leading global banker with over 30 years of diverse banking experience across several geographies and disciplines. He has extensive experience in risk management, corporate relationship banking and franchise management. At ADIB, he will drive the growth of his group by building on its track record of banking excellence.”

Trad Al Mahmoud, CEO of ADIB Banking Group said: “Arif’s reputation and vision are much admired in the banking sector globally.”

His experience is especially relevant to ADIB as he has worked in key growth markets. Arif’s extensive experience will definitely add value to ADIB and assist in achieving the objectives of our Wholesale Banking Group.”
 
Deal signed for $1bn Nebras Power
Source : The Peninsula  
Date : 2013-05-21
Qatar Electricity and Water Company (QEWC), Qatar Petroleum International (QPI), and Qatar Holding (QH) yesterday signed a shareholder’s agreement to establish a $1bn new shareholding company named ‘Nebras Power’ aiming...
Gulf Capital to raise $360m Islamic loan
Source : The Peninsula  
Date : 2013-05-21
Abu Dhabi private equity firm Gulf Capital is close to signing a Dh1.32bn ($359.38m) Islamic loan for its company Gulf Marine Services, some of which will be paid out to...
Healthy birth spacing crucial
Source : Oman Daily Observer  
Date : 2013-05-21
With a majority of the local population having children within a short gap between each other, the Sultanate is bracing for a major risk of unhealthy birth-spacing according to the...
Gulf funds raise private equity investment
Source : The Peninsula  
Date : 2013-05-21
Sovereign wealth funds in the Gulf Arab region are raising their allocations to private equity investments at a faster rate than other types of investment, US fund manager Invesco says...
Sultanate takes part in 13th Doha Forum
Source : Oman Daily Observer  
Date : 2013-05-21
The Sultanate is currently taking part in 13th Doha Forum, which was opened by Shaikh Hamad bin Khalifa al Thani, Emir of Qatar, yesterday....
HSBC Saudi Arabia receives three Zawya MENA Fund Awards
Source : Saudi Gazette  
Date : 2013-05-21
HSBC Saudi Arabia Ltd has won Three Zawya fund Awards at the Thomson Reuters ceremony event held in Dubai recently....
World Telecom Day focuses on improving road safety, prosperity
Source : Oman Daily Observer  
Date : 2013-05-21
The Sultanate yesterday took part with other countries in the world in marking the World Telecommunication and Information Society Day (WTISD) under the theme "ICTs and Improving Road Safety"....
Bahri recognized as one of the top Arab companies
Source : Saudi Gazette  
Date : 2013-05-21
The National Shipping Company of Saudi Arabia (Bahri) is awarded as one of the top companies in the Arab Region by Forbes Middle East....
Food, water security issues raised
Source : Oman Daily Observer  
Date : 2013-05-21
The Food and Water Security Committee at Majlis Ash'shura yesterday hosted Dr Ahmed bin Suhail al Hadhri, General Manager of Al Najd Agriculture Development Company, and a number of members...
Nod for RO 70.5 million scholarships
Source : Oman Daily Observer  
Date : 2013-05-21
The Ministry of Higher Education has announced its approval for covering certain allowances for B category scholarships undergraduate students abroad within the 1,500 scholarships project for which a sum o...
Zain geared for growth in Saudi Arabia, appoints new agency
Source : Saudi Gazette  
Date : 2013-05-21
Promoaction DDB (P DDB) has been awarded the entire advertising account for Zain in Saudi Arabia as the regional Telco operator readies for further growth in the Kingdom....
BRJ participates in Izdehar exhibition
Source : Saudi Gazette  
Date : 2013-05-21
Bab Rizq Jameel (BRJ), an initiative of Abdul Latif Jameel Community Initiatives (ALJCI), participated in the Exhibition and Conference of Small and Medium Enterprises – Izdehar SME at Jeddah Hilton....
CPC sponsors Industrial Innovation Award
Source : Arab News  
Date : 2013-05-21
Tawfiq F. Al-Rabiah, Minister of Commerce and Industries and Chairman of Saudi Industrial Property Authority (MODON), honored Construction Products Holding Company (CPC) for being a sponsor of Industrial Innovation Award...
Saudi firm to delay Sudan farm project
Source : Arab News  
Date : 2013-05-21
A Saudi firm will hold off its planned project in Sudan to produce wheat and other basic food items until the government eases a ban to repatriate profits, its head...
GIB Capital to advise MMG on financial restructuring
Source : Arab News  
Date : 2013-05-21
Mohammad Al-Mojil Group (MMG) has announced that its board of directors approved the signing of an agreement with GIB Capital, the investment banking arm of Gulf International Bank (GIB) in...
Dar Al-Arkan plans to raise $ 500 m from 5-year sukuk
Source : Arab News  
Date : 2013-05-21
Saudi real estate developer Dar Al-Arkan Real Estate Development Company aims to return to global debt markets after more than three years this week with an Islamic bond, aiming to...
Gulf wealth funds opting for private equity investments
Source : Arab News  
Date : 2013-05-21
Sovereign wealth funds in the Gulf region are raising their allocations to private equity investments at a faster rate than other types of investment, US fund manager Invesco says in...
APICORP posts record profits; seeks new ventures
Source : Arab News  
Date : 2013-05-21
The Arab Petroleum Investments Corporation (APICORP) has announced net profits of $ 109 million for 2012, the highest in the organization's 37-year history....
KSA to import record high diesel volumes for summer
Source : Arab News  
Date : 2013-05-21
Saudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet rising travel needs during the fasting month of...
Tadawul index advances slightly
Source : Arab News  
Date : 2013-05-21
The Saudi stock market sustained its upward march yesterday, closing the fourth consecutive session with balmy gains (+7.02 points)....
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