Banking & Finance

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The survey also revealed that the main reason for obtaining a loan is to a buy a car
April 18, 2014 - 08:26 GMT
About 34 per cent of national household heads reported that they continuously changed their mobile phones.

April 15, 2014

The Ordinary General Meeting saw shareholders approve a number of agenda items pertaining to the Bank's financial statements, reporting and governance
07:44 GMT
(press release)

Gulf Finance House (GFH) concluded the Ordinary and Extraordinary General Meetings of the Bank for the twelve-months ended 31 December 2013 (“the year”).

Per-capita foreign debt rose significantly from $1,963 in 2002, when the ruling Justice and Development Party (AK Party) came to power, to $5,105 last year
03:55 GMT

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.

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
03:55 GMT

The Bank has not lent any new money to Iran since 2005.

April 14, 2014

Egyptian construction tycoon Nassef Sawiris, the youngest among the Sawiris siblings, was the first Egyptian and the fourth on the list with a total worth of $6.7bn.
19:04 GMT

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
09:48 GMT
(press release)

Jordan Ahli Bank recently celebrated Mothers’ Day with residents of the Golden Age Home for the Elderly.

Mr. Omar Kutayba Alghanim, Gulf Bank’s Chairman
09:30 GMT
(press release)

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
05:45 GMT
(press release)

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.

Saleem Khokhar, the Head of Equities at NBAD’s Asset Management Group
05:25 GMT

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 customers will be able to purchase insurance policies within the network of the bank’s branches
15:03 GMT
(press release)

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.

Abu Dhabi Commercial Bank
12:42 GMT

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.

Bankers are making a bigger effort to improve customer services within UAE banks (File/AFP)
11:30 GMT

A senior banker has said customer service within the banking sector is "complex and difficult," but efforts are being made to change this.

IMG Worlds of Adventure
10:07 GMT
(press release)

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

The ‘Find the Futebol’ app
10:00 GMT
(press release)

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.

Partnership between Emirates NBD & Zomato
09:41 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today that it has entered into a partnership with popular social restaurant discovery service

April 9, 2014

The scenario's basic assumptions are a reduction in GDP, a sharp rise in the interest rate, a 20% drop in home prices, and a 12% unemployment rate
17:49 GMT

A recession like the one in 2002 would cause 23,000 families to struggle to meet payments.