Banking & Finance
April 14, 2014
First Gulf Bank has formally inaugurated new offices for its Treasury and Global Markets Group as well as some divisions of its Wholesale Banking Group, based in Sowwah Square at Al Maryah Island, Abu Dhabi.
The National Bank of Abu Dhabi’s NBAD MENA Dividend Leader Fund will pay to its investors a semi-annual distribution equal to 2.01% for USD share class.
April 13, 2014
Bank Muscat today announced that they have entered into a 10-year strategic bancassurance agreement under which AIG will become the exclusive provider of non-life insurance products to Bank Muscat customers in Oman.
In its continued drive to bring banking closer to people’s needs and ambitions, Abu Dhabi Commercial Bank (ADCB) has announced the launch of ‘SimplyLife’, a consumer finance brand specializing in simple, quick and accessible personal finance products.
A senior banker has said customer service within the banking sector is "complex and difficult," but efforts are being made to change this.
Abu Dhabi Islamic Bank has arranged and successfully closed an AED 1.2 billion Syndicated Islamic Facility for IMG Theme Park LLC, the company behind IMG Worlds of Adventure.
April 10, 2014
Mashreq, a leading financial institution in the UAE, launched an app earlier this March, which has significantly increased audience participation and engagement of their social media channels.
Emirates NBD, a leading bank in the region, announced today that it has entered into a partnership with popular social restaurant discovery service Zomato.com.
April 9, 2014
A recession like the one in 2002 would cause 23,000 families to struggle to meet payments.
First Gulf Bank (FGB), one of the leading banks in the UAE, has announced the launch of a new ‘Insta’ product range from its Bancassurance department.
Emirates Islamic unveiled its new range of Shari’a compliant MasterCard Debit Cards, which are tailored to meet the specific needs of various customer segments.
The International Monetary Fund (IMF) has revised the UAE’s 2014 GDP forecast to 4.4 per cent on the back of rising real estate prices and the Expo 2020 win.
Again, the performance of Middle East banks clearly exceeded that of their international counterparts, a number of which experienced further revenue declines in 2013.
April 8, 2014
Dubai Islamic Bank (DIB) held its annual Performance Excellence Awards (PEA) ceremony to recognise and reward its employees for their effort in achieving the highest standards in organisational excellence.
Mashreq Al Islami, the Islamic banking division of Mashreq continued to strengthen its Islamic Products arm with the launch of its flagship Islamic Equity Fund, Al Islami Arab Tigers Fund.