Banking & Finance

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in late 1998, or 2009, the surge in the US dollar is a huge deflation shock to the Gulf’s pegged currencies and its impact will be a major.
September 29, 2014 - 13:16 GMT
This seismic financial macro event has huge implications for the Gulf’s equity, property markets and liquidity engines, now that Brent crude has fallen $20 a barrel in the past three months

July 16, 2014

Total private sector liabilities were up 5.2 percent in the first five months of the year over the end of last year to $208 billion, corresponding
23:18 GMT

Total outstanding loans received from abroad, based on a remaining maturity basis, that the Turkish private sector is obliged to repay within 12 months

With the addition of new games, the lottery system is expected to pay off in a short time. The winner will also have the right to hold the lottery every weekday.
19:46 GMT

Turkey attracted several billion dollars in privatization revenues last year driven by sell-offs in the energy sector and is now trying to focus on more profitable sales after some tender revenues came in below expectations.

Burgan Bank
13:12 GMT
(press release)

Burgan Bank announced its winning of the 'Best Investor Relations in GCC' award from World Finance, one of the world’s leading financial publications.

Boosted by this deal, real estate was the most targeted sector, accounting 29 per cent of first half activity.
03:21 GMT

The UAE was the most active nation in the Middle East in terms of debt capital market activity in the first half, accounting for 55 per cent of activity at $12.1 billion,

July 15, 2014

The salaries of officials rarely exceed a few thousand pounds per month. Supplements, which can amount to several tens of times the monthly salary, are in the form of bonuses.
21:18 GMT

Although, three similar decisions were announced by several governments since January 2011, none of them have taken full effect.

The number of domestic and inter-Middle Eastern M&A transactions has declined 49% from 1H 2013 to $6.9bn during 1H 2014, according to the report.
15:38 GMT

Mergers and acquisitions (M&A) transactions in the Middle East have grown by 250% in the second quarter (Q2) of 2014 compared to Q1 2014,

Mr. César González-Bueno, Gulf Bank’s CEO
13:31 GMT
(press release)

Gulf Bank today announced a net profit of KD 15.6 million for the first half of 2014, up 9.5% from KD 14.3 million over the same period in 2013.

During the event
13:21 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has been named the ‘Best Domestic Retail Bank’ and the ‘Best Domestic Trade finance Bank’ of the year in Qatar.

Rashed Ali Al Ansari, General Manager, Al Ansari Exchange
12:33 GMT
(press release)

Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, will be distributing over 7,000 packed Iftar meals to the poor throughout the UAE during the Holy Month of Ramadan.

Ambar Brahmachary receives the certificate
12:12 GMT

Mashreq, one of the UAE’s leading financial institutions proudly received Dubai Chamber’s CSR Label for the fourth consecutive year.

NBK Deputy Group CEO Shaikha Al Bahar and KPI CEO Bakheet Al Rashidi after signing the loan agreement
06:45 GMT

National Bank of Kuwait (NBK) has participated in financing Kuwait Petroleum International’s (KPI) acquisition of Shell’s Italian assets.

July 14, 2014

During the event
11:08 GMT
(press release)

The Ministry of Finance (MoF) organised a meeting on the Gulf economic and financial integration for students of the Faculty of Business Administration at the American University of Ras Al Khaimah (AURAK).

Saleem Khokhar, the Head of Equities at NBAD Asset Management Group
10:59 GMT

The National Bank of Abu Dhabi (NBAD) has rebranded several of its equity funds moving investment focus to a broader MENA focus from a UAE emphasis.

First Gulf Bank
09:20 GMT
(press release)

As part of its strategic expansion plan, FGB, one of the leading banks in the UAE, has set up a new representative office in Seoul, South Korea.

The Statistical Center of Iran put the inflation rate of the country's rural areas in the 12-month period to the third Iranian calendar month (ended on June 21) at 28.3 percent.
04:55 GMT

"Containing inflation is the main economic priority of the government," he said.