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The survey also revealed that the main reason for obtaining a loan is to a buy a car
About 34 per cent of national household heads reported that they continuously changed their mobile phones.

April 17, 2014

Ali Soner Guney; the Fixed Income Fund Manager at NBAD Asset Management Group
11:30 GMT

The National Bank of Abu Dhabi’s NBAD MENA Bond Fund will pay to its investors a semi-annual distribution equal to 1.75% for USD share class.

H. E. Sheikh Fahad Bin Mohamed Bin Jabor Al Thani, Chairman of Board of Directors of Doha Bank
08:21 GMT
(press release)

Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the banking business of HSBC Bank Oman in India.

The free offer is part of NCB Capital’s efforts to meet all its customers’ need for live price dissemination as a progressive alternative for the current 15-minute delayed price display
08:15 GMT
(press release)

NCB Capital has launched a free local shares live price service for all its brokerage customers who use its Basic online trading service, Alahli Tadawul.

Moody’s added that NBK’s core income-generating capacity will remain strong
07:30 GMT

Moody’s Investors Service said that National Bank of Kuwait (NBK) is well positioned to take advantage of new business opportunities.

Nimish Dwivedi, Head of Payments, Mashreq
07:22 GMT
(press release)

Mashreq announced its participation in Gitex Shopper 2014 to take place at the Dubai World Trade Centre (DWTC) from 23-26 April 2014.

Dimian noted that the annual meeting between Egypt and the IMF will be scheduled after the presidential elections, slated to take place in May.
03:55 GMT

The interim government is currently preparing a new economic stimulus package that will focus on the industrial, housing and construction, communication and tourism sectors.

April 16, 2014

 The kingdom's banking sector remains very resilient and requirements to enhance the liquidity and reserves under Basel III will further bolster it, Rasheed Al Maraj was quoted as saying.
21:07 GMT

Bahraini banks will be fully ready to implement the Basel III international banking standards on new capital requirements by next year, the governor of the Central Bank of Bahrain (CBB) said

Takaful is a cooperative system of reimbursement that adheres to Islamic law
12:15 GMT
(press release)

Al Hilal Takaful has joined a global gathering of ‘Takaful’ leaders at the 9th World Takaful Conference which began on Monday, April 14, 2014.

The World Bank aims to promote better use of public resources in Lebanon (File/AFP)
11:11 GMT

The World Bank has agreed to support Lebanon's Finance Ministry with a $5.2 million loan.

H.E. Sir Easa Saleh Al Gurg, KCVO, CBE, NBF's Deputy Chairman, inaugurates NBF Capital
11:08 GMT
(press release)

National Bank of Fujairah announced the official opening of the office of NBF Capital Limited, a fully-owned subsidiary of the bank that offers bespoke financial advisory solutions.

HSBC Bank Oman Staff During Regional Leadership Development Programme
10:46 GMT
(press release)

Some of HSBC Bank Oman’s most promising Omani staff participated in a two-day Career Development Programme (CDP) workshop in Muscat.

Dr. Adnan Chilwan, CEO of Dubai Islamic Bank
07:51 GMT
(press release)

Dubai Islamic Bank announced that Foreign Ownership Limit allowed for the bank has been increased by an additional 10% post completion of all regulatory formalities.

Hanan Koubeissy, Mubasher New Group Director of UAE Branches
07:19 GMT

Mubasher Financial Services is pleased to announce that it has appointed Hanan Koubeissy as its Group Director of UAE Branches.

April 15, 2014

Andre Sayegh, CEO of First Gulf Bank
10:52 GMT
(press release)

First Gulf Bank has concluded the creation of a Negotiable Certificate of Deposit (NCD) programme, delivered by its Singapore Branch, serving as its Asia Pacific (APAC) hub.

Deloitte experts believe that Expo 2020 will be a major “game changer for Dubai” whereby it will create significant changes
07:52 GMT

Deloitte experts weigh in on the changes that will occur as a result of the Expo 2020 Dubai win, as well as the challenges facing senior management in the GCC.