Banking & Finance

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United Arab Bank (UAB)
January 19, 2015 - 14:25 GMT
United Arab Bank, UAB, has made a contribution of AED250,000 to Al Thiqah Club for the Handicapped, another milestone in the Bank’s long-standing relationship with an organisation that provides invaluable support for people with special needs in the UAE.

January 27, 2015

There remains an active black market in the pound that is used by businesses and individuals, and the gap between this and the official rate has been widening for months.
21:20 GMT

Egypt's pound weakened to 7.43 per dollar from 7.39 at a central bank auction on Monday, the weakest level it has been allowed to reach.

Because of a restructuring of bad loans the amount was decreased to $2.5 billion, the daily added, noting that the increase in bad loans was one of the highest in the history of the bank.
14:14 GMT

The amount of bad loans that state-run Ziraat Bankası had at the time was almost TL 2.5 billion (approximately $1 billion), nearly four times the amount needed to establish a private bank.

Mr. Cesar Gonzalez-Bueno, Gulf bank’s CEO
12:54 GMT
(press release)

Gulf Bank today announced an operating profit before provisions of KD 106.8 million for the year ending 2014 and a Net profit at KD 35.5 million, which is a 10% increase over 2013.

HSBC Oman
12:23 GMT
(press release)

HSBC Bank Oman S.A.O.G. announced a net profit of RO12.2m for the year ended 31 December 2014, which represented an 11.9% increase over the previous year.

In trade exchanges with foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won.
11:02 GMT

Iran is stopping mutual settlements in dollars with foreign countries and agreements on bilateral swap in new currencies will be signed in the near future.

January 26, 2015

Gary Dugan, Global Wealth Chief Investment Officer and Head of Investment Strategy at NBAD
12:04 GMT

The National Bank of Abu Dhabi has today published its ‘Global Investment Outlook - 2015’, written by Gary Dugan, Global Wealth Chief Investment Officer and Head of Investment Strategy, assisted by a team of experts at NBAD.

One of the winners
10:53 GMT
(press release)

FGB, one of the leading banks in the UAE, has rewarded two of its customers with luxury cars, as part of the bank’s annual Abu Dhabi Credit Card prize draw for 2014.

Middle Eastern equity and equity-related issuance totalled $11 billion in 2014, a 173 per cent increase from 2013.
10:03 GMT

Business has been booming recently, albeit with the recent oil price crash the best times are probably now over.

January 25, 2015

Left to right: Mr. Salah Al-Qahtani, Vice Chairman of Abdel Hadi Abdullah Al-Qahtani & Sons Group and Andre Sayegh, CEO of FGB
10:13 GMT
(press release)

FGB, one of the leading banks in the UAE, looks to maintain strong growth in 2015 having already closed a USD 313.7 million secured syndication facility on behalf of Dalma Energy.

Al Ansari Exchange
06:49 GMT
(press release)

Al Ansari Exchange has announced the opening of new branches in the UAE in line with its aggressive nationwide expansion plans to reach out to more customers.

January 22, 2015

During the branch opening
09:25 GMT
(press release)

UAE's leading financial institution, Mashreq proudly announced the opening of its latest branch located in Karama, offering customers a wide range of products and innovative financial solutions.

During the event
08:35 GMT
(press release)

In recognition of improvement in products and Services, Doha Bank was identified as the provider of the best products and services available in Banking and Finance in the following categories in the Middle East by “Banker Middle East“.

S. Madhumohan, Director, Waste Management, Dulsco
06:00 GMT

In its efforts to go green, the 2015 Standard Chartered Dubai Marathon has teamed up with Dulsco as its official recycling partner.

January 21, 2015

Sharjah Islamic Bank
11:58 GMT
(press release)

Sharjah Islamic Bank announced its 2014 results with Net Profits reaching AED 377.2 million, compared to 307.1 million achieved last year, a 23% growth rate.

January 20, 2015

His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank
13:14 GMT
(press release)

His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, the leading private commercial bank in Qatar, announced Doha Bank's financial results for the year 2014.