Tagged: National Commercial Bank (NCB)

2012-10-23

ICIEC, NCB sign deal to support Saudi SMEs

On Saturday, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the National Commercial Bank (NCB) signed a Memorandum of Understanding (MOU) at the Jeddah Chamber of Commerce and Industry (JCCI). The purpose of the …

Islamic Finance

2012-10-10

Challenge of entrepreneurship in GCC

SMEs move from their entrepreneurial phase to a professionally-managed phase. As a result, there is a huge necessity for them to adopt the concept of corporate governance. According to a report by Capita Group International (CGI), Gulf SMEs are not par…

Islamic Finance

2011-11-01

GCC issues $3.2b sukuk in third quarter

A study conducted by National Commercial Bank (NCB) showes that Gulf Cooperation Council member countries launched bonds worth around $20.9 billion in the first nine months of 2011, slightly lower than their value in the same period of 2010.
It added t…

Economic Report: U.S. economy was the worst performing of G-7 countries in the second quarter as U.K. also reports downturn
The U.S. was the worst-performing of the major Group of Seven economies in the second quarter, the latest data show.
: How companies take advantage of our very human desire to feel superior to others, according to a new study
Humans seek superiority, which has implications for the way markets work, a new paper distributed by the National Bureau of Economic Research says.
The Wall Street Journal: Samsung scion Lee Jae-yong to receive pardon from South Korea’s president
Samsung’s de facto leader, Lee Jae-yong, will receive a pardon on Monday, South Korea’s presidential office said, a legal reprieve underpinned by expectations that the business tycoon will help propel the nation’s economy.
: Unsealing the Mar-a-Lago search warrant: What Americans could see
Attorney General Merrick Garland on Thursday said the Justice Department is seeking to unseal two documents related to the raid on former President Donald Trump's Florida resort. So, what would Americans see?
: FBI searched Trump’s home for classified material about nuclear weapons: report
FBI agents searched for classified material about nuclear weapons, among other items, when they served a warrant on former President Donald Trump's home in Florida earlier this week, the Washington Post reported Thursday night.
Earnings Results: Illumina stock tanks as gene-sequencing company misses expectations and issues bleak outlook
Illumina Inc. shares sank 17% after hours Thursday after the gene-sequencing company swung to a loss in the second quarter, fell short of revenue expectations and revised its full-year outlook downward.
Earnings Results: Rivian loses nearly $2 billion in second quarter as expenses mount
Rivian Automotive Inc. late Thursday reported a narrower-than-expected quarterly loss, but called for steeper losses for the year, warned about ongoing supply-chain snags, and saw rising expenses, sending the stock lower in the extended session.
Earnings Results: Toast boosts earnings outlook, restaurant-tech stock shoots higher
Toast Inc.'s stock climbed more than 10% in after-hours trading Thursday, after the maker of payment solutions and other technologies for restaurants raised its forecast for the full year.
Dow Jones Newswires: SoftBank shares surge on plan to preserve cash by cutting Alibaba stake
SoftBank Group Corp. shares rose sharply Friday following news that it will reduce its stake in Alibaba Group Holding Ltd., a move that preserves cash at the Japanese tech-investment company.
The Wall Street Journal: Meditation and wellness app Calm lays off 20% of its staff
In the memo, CEO David Ko wrote that Calm leadership had “revisited the investment thesis behind every project” before deciding to make changes that would help stabilize the business.