Banking & Finance
April 15, 2014
Gulf Finance House (GFH) concluded the Ordinary and Extraordinary General Meetings of the Bank for the twelve-months ended 31 December 2013 (“the year”).
Turkey's foreign debt increased $49.9 billion in 2013, breaking national records as the highest single-year increase in foreign debt in the history of the Turkish Republic.
The Bank has not lent any new money to Iran since 2005.
April 14, 2014
The first spot went to the Kingdom of Saudi Arabia, which had 39 names on the list, while third went to the United Arab Emirates, which had 14.
Jordan Ahli Bank recently celebrated Mothers’ Day with residents of the Golden Age Home for the Elderly.
Gulf Bank today announced a net profit of KD 8.7 million for the first quarter of 2014, up 10% from KD7.9 million over the same period in 2013.
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.