Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies


Microsoft will offer a direct operator billing facility with Du that will negate the need for customers to use their credit cards online (Shutterstock).
10:00 GMT

Microsoft has parternered with Du to offer a direct operator billing facility that will avoid the need for customers to use their credit cards online.

Mr. Fahad Al Raja’an, Chairman, Ahli United Bank
09:07 GMT
(press release)

Ahli United Bank B.S.C. (AUB) has been named ‘Best Regional Bank – GCC 2014’ by Capital Financial International.

UAE flag at 102,000 feet
08:37 GMT
(press release)

Al Hilal Bank recently raised the UAE flag high to the edge of space at an altitude of 102,000 feet under its ‘Raise your voice, raise your flag’ campaign.

Burgan Bank Chairman Mr. Majed Essa AL Ajeel
08:25 GMT
(press release)

As the year comes to an end, Burgan Bank Group proudly folds another successful chapter of the Group’s journey.

December 21, 2014

During the event
09:45 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced that it has won the prestigious Best Domestic Retail Bank Middle East award at the 2014 Islamic Business & Finance Awards.

Sharjah Islamic Bank
09:28 GMT
(press release)

Sharjah Islamic Bank (SIB) has launched a diverse package of valuable phone banking services available in three languages; Arabic, English, and Urdu, through its dedicated 24/7 Call Centre.

December 19, 2014

He added that JIC will cover the entire Kingdom through specialised employees with offices in the governorates.
00:24 GMT

The "investment window" will officially be launched in mid-April 2015, Jordan Investment Commission (JIC) President Montaser Okla said Thursday

The rating comes as brent crude price dropped below $60 per barrel on Tuesday
00:07 GMT

Fitch Ratings has issued a stable outlook for all banks in the GCC in 2015, largely driven by the probability of sovereign support in times of trouble.

December 18, 2014

During the event
10:10 GMT

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has been named “Best Bank in the UAE” at The Banker 2014 awardsز

During the event
08:47 GMT
(press release)

Standard Chartered Bank today announced the winners of its ‘Mega Spend and Win Credit Cards Campaign’ in the UAE.

he Gulf stock market losses came on top of over $200 billion of value already destroyed since the end of October
04:55 GMT

Qatar’s index tumbled 3.5 percent and Kuwait lost 2.1 percent.

December 17, 2014

Sohail Zubairi, CEO of Dar Al Sharia, receiving the award
09:53 GMT
(press release)

Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has been recognised as the “Best Regional Commercial Bank – Middle East” at the Islamic Business & Finance Awards 2014.

Mashreq, Etisalat and Visa launch the me-life card
07:19 GMT

Mashreq fired the latest salvo in its quest to offer innovative banking solutions, with the launch of the Mashreq Etisalat Visa Signature Credit Card – the UAE’s first “Me-Life” credit card - in partnership with Etisalat.

The lira's tumble comes amid concerns about wider emerging-market weakness
04:55 GMT

The lira weakened to a record low of 2.4140 against the dollar on Tuesday after a fall in the value of the ruble in Russia

December 16, 2014

Ali Al Najjar, Head of Operations in Al Ansari Exchange receiving the award from Robert M Keay, CEO of Ethos
08:29 GMT
(press release)

Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, was named the ‘Best Telephone Service Exchange House’ at the 10th Annual Customer Experience Benchmarking Index’.