Banking & Finance

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Return of Equity (RoE) for Saudi banks is 10 percent whereas U.S. and European counterparts only receive single digit returns (File Archive)
April 14, 2014 - 15:00 GMT
Saudi Arabia's banking sector has outperformed its western counterparts in terms of profitability as well as efficiency in terms of resource utilization.

February 23, 2014

Tooran Asif, Head of Personal Banking, Mashreq
07:40 GMT
(press release)

Mashreq announced the launch of a new product namely Step-Up Saver, a capital guaranteed savings scheme that is designed for customers to get one of the best returns on a 18-month fixed deposit.

Al Ansari Exchange
06:25 GMT
(press release)

Al Ansari Exchange has launched a new rewards program for its Egyptian customers who will transmit money to their home country or purchase National Bonds from any of the company’s more than 130 branches across UAE.

Al Hilal Bank
05:55 GMT
(press release)

Global Finance has ranked Al Hilal Bank the ‘Safest Islamic Bank in the UAE’ and the second in the entire GCC in its first-ever list of the Safest Islamic Banks in the GCC.

Sharjah Islamic Bank stand in the career fair
05:25 GMT
(press release)

The Sharjah Islamic Bank (SIB) will be adding into its professional cadres a new elite group of talented young nationals in its various departments and branches across the country.

February 20, 2014

The virtual conferencing meets the increasing demand of investors and professionals who want to attend GFMF which attracted 1300 delegates last year
10:45 GMT

The 2014 Global Financial Markets Forum (GFMF), the annual conference organised by the National Bank of Abu Dhabi (NBAD), will be available virtually via AvayaLive Engage.

Ahli United Bank
05:50 GMT
(press release)

Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 579.4 million for the year 2013, growth of 72.6% compared with US$ 335.7 million in 2012.

Visa will also offer five packages (an all-expense-paid trip for two) to the 2014 FIFA World Cup in Brazil.
03:55 GMT

Dubai-based Mashreq has announced the launch of a limited edition FIFA World Cup Mashreq Visa card, aimed at attracting football fans ahead of the mega event this year.

The money helped Dubai and its state-linked companies avoid default during the crisis, when the emirate’s real estate market crashed and loan markets froze.
03:55 GMT

According to the International Monetary Fund, about $78 billion of debt held by Dubai and its state-linked entities will come due between 2014 and 2017.

February 19, 2014

During the event
10:30 GMT
(press release)

Mashreq, a leading financial institution in the UAE, kicked off the 2014 FIFA World Cup Brazil action with the launch of the “Limited Edition FIFA World Cup Mashreq Visa Card”.

Ehab Hassan, Group Chief Human Resources Officer& Senior Managing Director at NBAD
10:03 GMT

The National Bank of Abu Dhabi (NBAD) participates in National Career Exhibition at Expo Centre Sharjah from 19th to 21st February as part of its Emiratisation drive to attract and develop the skills of UAE nationals.

Vince Cook, Abdulla Aleter and NBF staff at the National Career Exhibition
09:46 GMT
(press release)

National Bank of Fujairah continues to make its presence felt through national recruitment platforms such as this week’s National Career Exhibition at the Expo Centre Sharjah.

Standard Chartered
09:39 GMT
(press release)

In line with its continuous focus on Emiratization, Standard Chartered Bank participated on Wednesday, February 19, 2014 in the 16th edition of the National Career Exhibition at the Expo Center in Sharjah, UAE.

During the event
05:44 GMT

“Community welfare has always been a subject close to our hearts.” said Mr. Y Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange. “We have never left an opportunity to stand up for the cause of the society.

February 18, 2014

Jamal Bin Ghalaita, Chief Executive Officer, Emirates Islamic
10:14 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that it will participate in the National Career Exhibition 2014 which will be organised in Sharjah.

10:01 GMT
(press release)

As part of Arab Bank’s plan to support national employment and development efforts in the United Arab Emirates, the bank will participate as an exhibitor at the National Career Exhibition in Sharjah.