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BANKING

Bank of America Reports Third-Quarter 2017 Financial Results
October 14, 2017

Bank of America reported its third-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. Bank of America Investor Relations website at http://investor.bankofamerica.com. Business Wire’s news webpage at http://www.businesswire.com/portal/site/home/news. Investor Conference Call information Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the financial results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is 79795. Please dial in 10 minutes prior to the start of the call.......

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The 2017 World Branding Awards sees 245 Winners from 32 Countries Awarded at Kensington Palace
October 13, 2017

(AETOS Wire)-- The fourth edition of the prestigious World Branding Awards saw 245 brands from 32 countries named “Brand of the Year” in a glittering ceremony held in the main entrance and Orangery at Kensington Palace today.

Global tier winners included Apple, Beijing Tong Ren Tang, BMW, Cartier, Club Med, Coca-Cola, Facebook, Google,"...

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QNB Group, the Largest Bank in the Middle East and Africa, Delivers Another Record Results for Q3 2017
October 12, 2017

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2017, which is the highest in the history of QNB Group.

For the nine months ended 30 September 2017, net profit increased to QAR10.3 billion (USD2.8 billion), up"...

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Saudi Arabia Announces Digital Currency Exclusively for Banks
October 9, 2017

The Saudi Arabian Monetary Authority (SAMA) is planning to implement a pilot project to issue a virtual/digital currency that will only be traded among banks.

The authority will also study the project’s positive aspects, said Dr. Ahmed Al-Khulaifi, governor of SAMA.

Addressing a recent press conference in"...

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Saudi Arabia reform momentum strong says IMF
October 7, 2017

Saudi Arabia's reform momentum under its Vision 2030 is strong, and good progress is being made in reform implementation, the International Monetary Fund (IMF) has said in a report.

Saudi Arabia has reduced oil production under the Opec+ agreement. Non-oil growth is expected to pick-up this year, but overall GDP growth will be close to zero given the decline in oil production, said the report released following the IMF executive board's consultation"...

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Saudi Arabian Monetary Authority to launch digital currency for banks
October 7, 2017

The Saudi Arabian Monetary Authority (SAMA) is planning to implement a pilot project to issue a virtual/digital currency that will only be traded among banks.
The authority will also study the project’s positive aspects, said Dr. Ahmed Al-Khulaifi, governor of SAMA.
Addressing a recent press conference in Riyadh, he ruled out plans to issue a digital currency for trading between individuals and companies.
SAMA plans to dispense with SR1 currency"...

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KSA processing 3 applications for banking licenses
October 5, 2017

The Saudi central bank has received three applications for banking licenses and processing them is at an advanced stage, central bank governor Ahmed Al-Kholifey told a news conference on Wednesday.

Another central bank official said no more bank mergers were expected.

Alawwal Bank and Saudi British Bank agreed in April to start talks on a possible merger.

Officials painted a highly positive picture of the economy, saying growth"...

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American Express Expands Growing Global Lounge Collection with the Opening of The CENTURION® Lounge in Hong Kong and Philadelphia
September 29, 2017

(AETOS Wire)-- American Express (NYSE:AXP) today announced the expansion of its signature airport lounge network, The Centurion Lounge, with two new locations in Hong Kong and Philadelphia International Airports. Hong Kong, which opens on October 2nd, marks the first Centurion lounge in Asia, and Philadelphia, opening in late October, marks the 8th U.S. location of this growing network of premium airport retreats.

“We"...

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Arzan Wealth Delivers Strong Results with Sale of VW Warehouse in Germany
September 26, 2017

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on the successful sale of the German warehouse used as a spare parts storage and the distribution center by Volkswagen AG, Germany (“VW Property”).

The"...

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Eurisko Mobility Adds AI Bots to its Digital Experience Platform for Banks & Financial Institutions
September 26, 2017

In exciting news for both financial institutions and their customers, Lebanon-based mobile development leader Eurisko Mobility recently announced the addition of Artificial Intelligence Bots to its Digital Experience Platform (DXP), a cutting-edge solution tailored for banks and financial institutions. Eurisko's fully customizable bots powers all DXP modules from Daily Banking and Personal Finance Management to"...

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