BANKING

Bank of America Reports First-Quarter 2017 Financial Results April 19, 2017

Bank of America reported its first-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 Bank of America Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the company’s results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the investor presentation, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). The conference ID is 79795. Please dial in 10 minutes prior to the start of the call. Investors can also listen to a live audio webcast of the conference......

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Earnings Release First Quarter 2017April 19, 2017

Al Khalij Commercial Bank (al khaliji) P.Q.S.C., in Qatar, announced its financial results for the first quarter of 2017, reporting a Net Profit of QAR 160.9 million. This represents an increase of 3% over its financial results for the same period of last year.

His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated: “We are pleased to announce our financial"...

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Memorandum of Understanding signed between Talal Abu-Ghazaleh Organization and Jordan's Expert Bankers Association on CIMA Certificate in Islamic Finance April 12, 2017

Talal Abu-Ghazaleh Professional Training Group (TAGI-TRAIN) has signed a memorandum of understanding with the Expert Bankers Association, in the presence of HE Dr. Talal Abu-Ghazaleh, and Association Board members for Cooperation in the field of services provided by the banking sector.

The memo aims at promoting cooperation between the two sides in marketing training courses and qualifying examinations for obtaining the CIMA Diploma in Islamic Finance"...

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Preventing economic collapse in Gaza, realizing the potential of the Jordan Valley April 11, 2017

To an economist, working on the West Bank and Gaza can be exceptionally frustrating. No matter how good the analysis, the policy implications from that analysis are blocked because of “politics.” Meanwhile, the economy of Gaza continues to deteriorate (Figure 1). The unemployment rate, at over 40 percent, is one of the highest in the world. Lack of electricity, water and sanitation risk a humanitarian tragedy in a few years."...

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Ferring Announces Exclusive Agreement with Alrise Biosystems for the Development of an Injectable, Controlled-Release PeptideApril 10, 2017

(BUSINESS WIRE) -- Ferring Pharmaceuticals and Alrise Biosystems announced today that the companies have entered into a development agreement with exclusive option rights for Ferring to leverage Alrise’s ImSus® Technology Platform for the development of an injectable, controlled-release formulation of a peptide therapeutic.

Under the terms of the agreement,"...

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Regional crises impede pan-Arab economic growth — Central Bank governorApril 2, 2017

Regional political and security unrest has negatively affected the development processes of most Arab countries and the wider pan-Arab economy, Central Bank of Jordan (CBJ) Governor Ziad Fariz said on Sunday.

In a speech delivered on behalf of Prime Minister Hani Mulki at the inauguration of the 2017 Arab Banking Conference, Fariz said that Arab sustainable development has faced unprecedented challenges that"...

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IMF first review report expected in 2 monthsMarch 26, 2017

The report of the first review of the Jordanian economy under a $700-million loan Extended Fund Facility (EFF) programme with the International Monetary Fund (IMF) is expected to be issued late May or early June, according to a government official.

The visit for the first review was done late 2016. The report was not issued because Jordan was two months late in approving the fiscal measures, Minister of Finance Omar Malhas told The"...

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