Banking & Finance

Featured Story:

Since August 5, conditions in the market have made it less worthwhile to hold shekels, because the Israeli banks were willing to pay almost 1% annual interest on dollar deposits.
August 21, 2014 - 13:20 GMT
After the cannons have stopped roaring and an arrangement between Israel and Hamas is emerging, the shekel is suddenly showing weakness.

August 13, 2014

Al Etihad Credit Bureau will continue to collaborate with its partners to upload customers’ credit information for the past 24 months.
12:10 GMT

The credit reports will include records about consumers’ debt levels, financial obligations, credit payments, history of default payments and late payments.

August 12, 2014

Jordan's credit challenges lie mostly in its fiscal and external accounts.
15:21 GMT

The rating agency says that although domestic politics have been fairly stable, the government faces continued pressure to maintain social spending.

Abu Dhabi Islamic Bank
08:51 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB), Commercial Bank of Dubai (CBD) and Dubai Islamic Bank (DIB) have jointly finalised a USD 425 million Shari’a-compliant financing with Emirates airline for the acquisition of two Airbus A380s.

H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al Thani
08:31 GMT
(press release)

H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al Thani, Chairman of Doha Bank, the leading private commercial bank in Qatar, Board of Directors has been honored with the “Best Banking Chairman Qatar” award.

Diab asserted that they would accept donations from any Egyptian, including Mubarak-era leading businessmen.
00:13 GMT

In a move to force businessmen to donate, a campaign was launched in early August to track businessmen who did not donate to the fund,

August 10, 2014

They also accuse the bank of performing financial services for people affiliated with Hamas and other designated foreign terrorist organisations.
23:47 GMT

Arab Bank, Jordan’s largest financial institution with branches throughout the Middle East and elsewhere in the world, denied the charges, saying it would exercise all legal options to disprove the accusations.

"This process should be gradual as one cannot change a 30- year-old policy in three months. The process should be a step at a time," Ahmed said.
14:18 GMT

According to Ahmed, future generations of Jordanians will have to shoulder the burden of indebtedness arising from the budget deficit.

Dubai Gold and Commodities Exchange
12:09 GMT

Trading volumes in the Dubai Gold and Commodities Exchange (DGCX) grew 18% in July from previous month, trading 992,061 contracts, valued at US$ 29.95 billion.

Jordan Ahli Bank blood donation campaign
10:22 GMT
(press release)

Jordan Ahli Bank recently organized a blood donation campaign in collaboration with the Central Blood Bank, garnering the participation of many of its employees from various operational levels.

During the event
09:14 GMT
(press release)

Al Ansari Exchange has been declared a ‘UAE Superbrand’ for ninth consecutive year by Superbrands Council, the world's largest independent brand arbiter.

Gulf Bank
08:45 GMT
(press release)

Gulf Bank today announced that it has officially obtained the Payment Card Industry (PCI)-Data Security Standards (DSS) 3.0 certification, making it the first certified Bank in Kuwait.

Growth forecasts for seven countries in the Middle East and North Africa might be too rosy and consequently misleading according a World Bank report.
04:55 GMT

Government as well as international institution predictions made in 2010 for 2011-13 also proved to be overoptimistic.

August 8, 2014

Hidden, or indirect, taxes for goods including food, gasoline, cars and cellular phones in Turkey have reached record-breaking levels based on European standards,
14:20 GMT

The union's research indicated that hidden taxes on such goods in Turkey has reached 69 percent of total taxes, a figure which has nearly doubled over the last three decades.

August 7, 2014

NCR SelfServ 91
12:22 GMT

The National Bank of Abu Dhabi (NBAD), UAE’s premier bank, is the first financial institution in the Middle East to select NCR SelfServ 91

Gulf Bank
11:38 GMT
(press release)

Gulf Bank’s special commercials for Ramadan this year proved to be highly popular with YouTube viewers, ranking #1 in viewership with more than 700 thousand views throughout the Holy Month.