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The move has been a long time coming. Saudi authorities have slowly unrolled a plan to liberalise the market spanning a decade, and pursued a long- term reform agenda.
Today
reign investors are salivating at the prospect of investing in Saudi Arabia’s well developed but frontier market with a string of world-class companies that have remained largely out of the portfolio of global fund managers.

September 15, 2014

Al Hilal Bank
13:12 GMT
(press release)

Al Hilal Bank, the progressive Abu Dhabi –based Islamic bank, has announced that its Viability Rating (VR) has been upgraded by global rating agency Fitch Ratings.

During the opening
12:22 GMT
(press release)

Jordan Ahli Bank recently inaugurated its new branch in the Jubeiha area with a ceremony attended by its CEO Marwan Awad, together with a number of VIP clients and members of the bank’s management.

During the event
10:56 GMT
(press release)

The Ministry of Finance (MoF) recently organised a meeting with local and federal ministries and entities, in Dubai.

04:55 GMT

There have been persistent rumours that Kabir had been running the central bank from Malta, after fleeing an upsurge in violence in the capital Tripoli, where the bank was based.

September 14, 2014

While remittances to India from the GCC is a given considering the huge Indian population, remittances to other parts of the world is also increasing.
21:48 GMT

UAE Exchange, the single largest player in the remittance industry in the GCC, has over six per cent of share in the global remittance market, said a top official.

During the opening
11:12 GMT
(press release)

In line with some of its recent innovations, leading financial institution Mashreq opened a cutting-edge branch in Al Ain on Thursday.

During the event
09:43 GMT

International Bank of Qatar (ibq) has announced the September winner of the monthly prize draw within the Bank’s loyalty program, thanq.

Abu Dhabi Islamic Bank
08:35 GMT

Abu Dhabi Islamic Bank (ADIB) is offering investors low-risk exposure to global sharia-compliant stocks through a new 100% capital-protected note that tracks the Dow Jones Islamic Market Titans 100 index.

September 11, 2014

During the event
06:47 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions, has presented two brand new Ford Edge SUVs to the lucky winners of a special raffle promotion held for those customers availing Mashreq Business Loan.

September 10, 2014

The report also expects no near-term International Monetary Fund (IMF) engagement with Egypt.
16:31 GMT

Sufficient aid will be available to Egypt through external bilateral assistance from the Gulf Cooperation Council (GCC), according to a Thursday report by the Bank of America Merrill Lynch.

Since EBRD started its operations in the Kingdom in 2012, it has invested 203 million euros (around $262 million) in seven projects in Jordan covering various sectors, according to a statement released Tuesday.
16:12 GMT

Since EBRD started its operations in the Kingdom in 2012, it has invested 203 million euros (around $262 million) in seven projects in Jordan covering various sectors, according to a statement released Tuesday.

Gulf Bank hailed the successful completion of its sponsorship of the 6th Euromoney Conference which took place on 9 September 2014 at the JW Marriott Hotel in Kuwait.
11:54 GMT
(press release)

Gulf Bank hailed the successful completion of its sponsorship of the 6th Euromoney Conference which took place on 9 September 2014 at the JW Marriott Hotel in Kuwait.

MasterCard
08:34 GMT
(press release)

Apple unveiled Apple Pay that will enable MasterCard cardholders to use their iPhone 6, iPhone 6 Plus and Apple Watch for everyday purchases.

UAE Exchange
06:43 GMT

UAE Exchange, the leading global remittance and foreign exchange brand, is now the largest followed company, in its class, on Facebook with its global fan-base touching the 500,000-milestone.

The so-called offset programme was introduced in 1992 as a way of weaning Kuwait off its reliance on oil and gaining access to new technologies and training.
04:55 GMT

Kuwait is suspending a programme under which foreign winners of big government contracts are required to invest in the local economy.