Money Matters

As a follow up to recent articles published in this magazine on fund managers, such as Philippe Jabre and Marc Hochar, and the numerous mentions in these articles of hedge …

Significant Increase of Tourists from Jordan Statistics released by the Ministry of Tourism show a dramatic increase in the number of Jordanian visitors to Lebanon, due to the easing of …

• We are now convinced that the Federal Reserve is going to tighten through year-end and into 2006, and we have raised our funds forecast from 4% to a peak …

NBK Records Net Profits of $152m in Q1-2005 The National Bank of Kuwait (NBK), the country’s largest bank and the top-rated Arab bank, posted net profits of $152m in the …

Arab Bank Group Records 40% Growth in 2004 Profits Jordan-based Arab Bank Group, one of the Middle East’s leading financial institutions, reported record profits in 2004 amid better yields in …

Economy and Finance Riyadh Bank Posts 26% Growth in 2004 Profits Riyadh Bank, the second largest Saudi bank, released its 2004 figures featuring a growth of 26% in net income …

Capital Intelligence Raises UNB’s Long-Term Rating to A Capital Intelligence (CI) rating agency has raised Abu Dhabi’s UNB’s (United National Bank) long-term foreign currency rating from A- to A. The …

Capital Intelligence Raises Shamil Bank’s Rating to BBB- Capital Intelligence (CI) rating agency has raised SBB’s (Shamil Bank of Bahrain) long-term foreign currency rating and financial strength rating from BB+ …

Capital Intelligence raises ARABIC’s rating to A- Capital Intelligence rating agency has raised Saudi Al-Rajhi Banking & Investment Corporation’s (ARABIC) long-term credit rating from BBB+ to A-, thus placing it …

$84.5 billion in Investments Needed for Regional Energy Sector According to a study published by the Organization of Arab Petroleum Exporting Countries (OAPEC), the regional energy sector should raise nearly …