Banking & Finance
January 27, 2015
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.
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.
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 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.
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
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.
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.
Business has been booming recently, albeit with the recent oil price crash the best times are probably now over.
January 25, 2015
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 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
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.
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“.
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 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, the leading private commercial bank in Qatar, announced Doha Bank's financial results for the year 2014.