The Agricultural Bank announced Tuesday its readiness to provide necessary funding for agricultural schemes once various mechanisms for irrigated schemes are completed in Al-Rahad, Al-Suki, Sinnar and Gezira.

The meeting held at the Ministry of Agriculture and Irrigation affirmed the importance of micro-finance on time for cultivation in these schemes.

Representatives of the irrigated schemes and the two States submitted their plans for funding.

The meeting stressed the need to complete structures in some schemes and to speed up formation of managements and boards of directors...

In its endeavor to provide wide scale microfinance services and development of industry, Central Bank of Sudan has announced its encouragement to banks to set up specialized units to finance micro financing at their respective branches in order to broaden the umbrella of micro inance, expecting keenness from the banks to set up those units in implementation of the decision of the supreme council on microfinance, taking into account geographical coverage at the levels of different branches in the states.

The Central bank affirmed support to building human capabilities so that it is able...

Bahraini Saudi and Al Salam Bank Bahrain, Al Salam Group is a pioneering Bank in the region and have constantly strived to bring unrivalled convenience to its customers. Bahraini Saudi and Al Salam Bank Bahrain, Al Salam Group have been in the forefront of technology adaption.

Bahraini Saudi and Al Salam Bank Bahrain, Al Salam Group have joined hands with AFS, the leading electronic payment processor of the region, to introduce 3D-Secure Services for its Credit Card holders.

On the occasion of signing the agreement, Mr.A.karim Mohammed Turki, Head of Al Salam Retail Banking Group...

IBQ was recognised for “2012 Best Private Banking Services in Qatar for High Net Worth services” by UK’s Euromoney Magazine.

The award was presented to Chaouki Daher, head (private banking), IBQ, at the exclusive Private Banking Survey Awards Dinner, on Thursday in London, UK.
The Euromoney Private Banking Awards are the most prestigious in the growing area of wealth management. They cover more than 60 countries each year, as well as global and regional awards.

“Winning an award is a confirmation of excellence in wealth management and a cause for celebration...

Sudan said it has recorded a net profit of Dh51 million ($14 million) for 2011 and the bank's board has recommended a distribution of 10 per cent as cash dividend to shareholders.

Announcing the results, Hussein Mohammed Salem Al Meeza, deputy vice chairman and head of the executive committee said: “These results are a solid proof of efforts exerted by the bank’s executive management, which has been able to generate profits for its shareholders since the bank’s first year of operation in 2005.”

“We are currently focusing on strengthening Al Salam’s...

To implement its policies for the year 2012 aiming to encourage formation of financing portfolios and to establish investment funds of the commodities within the three-year economic program, the Central Bank of Sudan issued the circular (10) for the year 2012 tht determines the regulations pertinent to establishment of investment funds.
The regulations stressed importance of determining the objectives and the purposes that the fund serves.

The circular called for issuance of conditions to guarantee that fund resources shall be utilized for the operating financing of inputs which contribute...

The event was held under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, and was attended by Deputy Minister of Amiri Diwan Sheikh Ali Al-Jarrah Al-Sabah, Dr. Hilal Al-Sayer, President KAACH and former health minister, as well as Dr. Ibrahim Hadi, Undersecretary, Ministry of Health. Mr. Majed Essa Al Ajeel, Chairman of Burgan Bank, received a token of appreciation during the event, which aimed highlighting a wide range of key preventive measures that help patients realize the importance of coping with cancer.

The 2012 Health Guide's central focal point is...

Sudan's central bank is increasing dollar supplies to local banks to stop a slide of the Sudanese pound after it generated more than $300 million from gold sales, a central bank official said on Sunday.

The pound hit a historic low on the black market last week after losing more than 70 percent of its value since July as the loss of oil has cut off the main source of dollars.
"The central bank has sold 6.5 tonnes of gold since January which has generated more than $300 million," central bank spokesman Hazem Abdul-Qadir told Reuters.
"Therefore we are increasing dollar supplies to...

The Gulf Bank earned KD 30.6 million in net profits for 2011, with earnings per share of 12 fils, in comparison to KD 19.5 million profit for 2010.

Board of Directors of the Gulf Bank General Assembly announced the distribution of bonus shares of five percent to shareholders.

The Gulf Bank said in a press release Sunday that the bank's operating revenues estimated at KD 4.78 billion in the year ended December 31, 2011, pointing out that total assets amounted to KD 4.1 billion and total value of shareholders' equity hit KD 3.430 million.

The bank's Chairman Ali Al-Bader...

With both Islamic Development Bank Group and the Public Establishment for Industrial Estates (PEIE) aspiring to expand bilateral ties in related fields, a high- profile delegation from the Islamic Development Bank Group visited PEIE to discuss ways to bolster co-operation yesterday.

The delegation comprised Dr Irfan Bukhari, Manager, Public Private Partnership Division/Infrastructure Department; Dr Husain Mogaibel, Acting Manager, Energy Division/Infrastructure Department; and Dr Mohammed al Wosabi, Senior Country Programme Manager for Oman.

Received by Eng Musallam al Shehri,...