Banking & Finance

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"Annual credit growth is likely to be closer to 14-17% y-o-y"
May 21, 2013 - 10:11 GMT
Qatar’s banks’ credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study.

May 21, 2013

During the event
11:10 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today the launch of RISE - a brand new initiative from the Business Banking division.

Kunooz Value Plus
10:34 GMT
(press release)

Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, announced recently the names of winners in the quarterly raffle draw of its popular Kunooz Value Plus Account.

Jordan Ahli Bank
07:21 GMT
(press release)

As part of its ongoing aims to enrich the market with innovative financial products and services, Jordan Ahli Bank recently introduced its flagship “Go Green Loan” program.

May 20, 2013

Ahli United Bank
12:55 GMT
(press release)

Ahli United Bank is rapidly expanding Point of Sale Acquiring in Bahrain with state of the art systems and terminals and innovative features.

HSBC Bank Oman -Simon Williams - Chief Economist MENA
11:44 GMT
(press release)

Experts and senior analysts from HSBC discussed how China’s businesses and Renminbi currency are playing an increasingly important role in world trade during a seminar organized for HSBC Bank Oman’s corporate clients.

Central Bank of Egypt
10:29 GMT

Yields on Egyptian three- and nine-month treasury bills climbed on Sunday and the auction's size was reduced after a new central bank decree limited the amount of funds that banks can channel into money market funds to buy T-bills.

Visa
08:56 GMT
(press release)

Visa announced the launch of an in-depth study of the rapidly-growing e-commerce market across the Middle East and North Africa region.

Alliance banks
07:30 GMT

Commercial Bank of Qatar hosted the inaugural monthly meeting of the Chief Executives of Commercial Bank’s Alliance banks.

Mashreq
07:06 GMT

Mashreq won over the independent panel of expert judges to walk away with two of the most coveted trophies of the evening viz.

Central Bank of Egypt
05:00 GMT

Shura Council decision to raise taxes on loan loss provisions at nation's banks is met by anger; banking officials are slated to meet with newly-appointed finance minister to discuss issue.

World Bank end poverty campaign
02:11 GMT

The World Bank has approved a $30 million soft loan aimed at supporting a government initiative to improve access to basic services in impoverished parts of the country.

May 19, 2013

National Bank of Kuwait
13:06 GMT

Al Watany Bank of Egypt reported net profits of EGP 86.6 million in the first quarter of 2013 compared with EGP 75.1 million in the same period last year, an increase of 15.3% year-on-year.

During the visit
11:42 GMT
(press release)

Gulf Bank has announced that it has donated KD 6000 to the Kuwait Association for the Care of Children in Hospitals.

Nimish Dwivedi, Head of Payments with Farhad Irani, Head of Retail Banking Group, Mashreq
07:45 GMT
(press release)

Leading UAE National financial institution, Mashreq was a big winner at the recently held Smart Card Awards MiddleEast 2013 ceremony.

Faisal Aqil, Deputy CEO, Consumer Wealth Managment, Emirates Islamic Bank
06:11 GMT
(press release)

Emirates Islamic Bank announced the launch of Win back your Personal Finance campaign that offers customers the opportunity to win three prizes of up to a maximum of AED100,000 each.