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

December 15, 2014

Dubai’s stock market was the world’s best performing this year until it was caught up in a regional sell off amid tumbling oil prices.
03:16 GMT

The Dubai index wiped off gains registered in 2014, since it fell another 7 per cent for a second straight session.

Going forward, the impact of declining oil prices on Egypt's economy is less clear.
03:05 GMT

Egypt's stock market plunged by 22 billion Egyptian pounds (just over $3 billion) in a single day of trading Sunday as low oil prices dragged down regional economies.

December 14, 2014

Shayne Nelson, Group Chief Executive Officer of Emirates NBD
10:56 GMT
(press release)

Emirates NBD, a leading bank in the region, made a clean sweep at the Effie MENA Awards 2014 with five coveted awards in the Banking, Finance and Insurance, as well as brand experience categories.

During the event
08:29 GMT
(press release)

NCB Capital, the leading provider of wealth management services in the GCC and Saudi Arabia’s largest asset manager, has sponsored a new fully equipped state-of-the-art lab at Effat University in Jeddah.

Adrian Gostuski among BID officials
06:34 GMT
(press release)

Burgan Bank announced that is has recently won again and for the second year, the prestigious “International Diamond Star for Quality” award from Business Initiative Directions (BID).

Herve Falciani gave prosecutors in France and Spain data on thousands of Swiss bank accounts.
05:55 GMT

Switzerland has charged a former computer analyst at HSBC’s private bank in Geneva with industrial espionage and breaching the country’s secrecy laws.

During the event
05:51 GMT
(press release)

United Arab Bank (‘UAB’), the fastest growing banking in the Middle East, has opened three new branches in Dubai, bringing its total number of branches in the UAE to 30.

Al Dana winners
05:39 GMT
(press release)

Doha Bank has named the latest winners of the monthly draw for its flagship Al Dana savings scheme.

December 11, 2014

During the event
10:48 GMT
(press release)

FGB, one of the leading banks in the UAE, hosted world renowned economist Professor Xavier Sala-I-Martin in the UAE as part of its two-day 35year anniversary celebrations, on December 10th and 11th, 2014.

During the event
10:13 GMT
(press release)

Gulf Bank has concluded its sponsorship of INJAZ Al-Arab’s “Young Entrepreneurs Competition” 2014 for student companies.

NBAD and CNBC to host panel discussion on future of energy
07:20 GMT

The National Bank of Abu Dhabi and CNBC, will convene a panel of leading energy experts to discuss the future of energy for Asia.

December 10, 2014

The Saudi market’s drop in the last few weeks has nearly wiped out the benchmark’s year-to-date gains, which now stand at just 1.1 percent.
19:15 GMT

Most stock markets in the Gulf fell sharply Tuesday after oil prices hit five-year lows, triggering a fresh wave of panic selling of shares by local retail investors

During the event
08:26 GMT
(press release)

Abu Dhabi Islamic Bank has been named Best Private Bank in the UAE at the inaugural WealthBriefing GCC Regional Awards, held recently at the Mina Al Salam hotel in Dubai.

During the event
05:44 GMT
(press release)

Doha Bank recently organized a get together event exclusively for Bullion related business customers with a unique theme titled “Sailing with Gold”, an exciting traditional dhow cruise journey in Doha Corniche waters on 6th Dec 2014.

December 9, 2014

Al Hilal Bank
10:50 GMT
(press release)

Al Hilal Bank, the progressive Islamic bank, is all set to raise a huge 8-by-4-foot UAE flag high above the atmosphere this Saturday, December 13, 2014 at Abu Dhabi’s legendary Liwa Desert.