Banking & Finance
December 2, 2013
Gulf Bank concluded its platinum sponsorship and participation of the National Union of Kuwaiti Students in the United States (NUKS-USA) students’ conference.
Bahrain, Kuwait, Qatar and Saudi Arabia are planning to release and use a common currency by the end of December, according to reports in Manama from Sunday.
The chief financial officer of Prince Alwaleed bin Talal’s investment vehicle, Kingdom Holding, is to leave the firm, two banking sources aware of the matter said.
December 1, 2013
alizz islamic bank, one the first dedicated Islamic banks in Oman, signed a Memorandum of Understanding (MoU) with the Oman Telecommunications Company (Omantel).
Saudi Arabia's Monetary Agency released data this week that KSA's foreign assets hit a record high in 2013 as money supply growth reached a 14-month low.
Undeterred by the uncertain global market dynamics, the Islamic finance industry is set to explode in key markets around the world.
National Bank of Fujairah hosted its inaugural golf tournament for clients at the Dubai Creek Golf & Yacht Club on November 13.
Emirates NBD, a leading bank in the region, announced it is sponsoring the 10th Dubai International Film Festival.
November 28, 2013
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that it would mark the 42nd National Day with the launch of a special prepaid card branded with a stylized design of the UAE Flag.
Ahead of the 42nd UAE National Day, the Department of Finance (DoF) – Abu Dhabi held its annual celebrations under the slogan ‘Spirit of the Union’, today, in front of its headquarters in Abu Dhabi to mark the special occasion.
The National Bank of Abu Dhabi (NBAD) celebrated the 42ndUAE National Day with a series of events to mark this auspicious occasion with all the citizens and residents of the UAE.
The Ministry of Finance (MoF) hosted a number of activities to celebrate the UAE’s 42nd National Day at its headquarters in Dubai today. The celebrations were attended by MoF employees and gave them the opportunity to express their loyalty and thanks to the UAE and its wise leadership.
November 27, 2013
Qatar's telecommunications firm, Ooredoo launched its first sukuk Tuesday. The Islamic bond is worth $1.25 billion and will have a profit rate of 3.039 percent.
November 26, 2013
Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, recently inked a AED 10 million agreement with Dubai Cares.
Private investors from the Gulf, including a royal family from UAE, told reporters Tuesday that plans are underway to establish the first full Islamic bank in the European Union.