Banking & Finance
October 1, 2013
The National Bank of Abu Dhabi has appointed Yasser Geissah to the newly created position of Head of Equity Capital Markets to oversee the Bank’s operations in execution of initial public offerings.
Emirates Islamic Bank set up a kiosk at Dubai Ice Rink.
Emirates NBD offered customers and fans the chance to meet footballing legend and ex-Manchester United star Andrew Cole at the Dubai Ice Rink, The Dubai Mall.
The Capital Club welcomes Members and their guests for their lavish Shakespeare themed Masquerade Ball.
the total value of Iran’s capital market is half of the gross domestic production (GDP).
The volume of personal loans granted to the GCC citizens exceeded SR1.33 trillion ($355.3 billion) by the end of Q1, 2013.
September 30, 2013
First Gulf Bank, one of the major leading banks in the UAE, is moving forward with its local and international expansion and restructuring plans, with a focus on both of its consumer and corporate arms.
In Lebanese society, the visually impaired face a host of problems in their daily lives, including dealing with money. On top of being cheated in daily transactions, banks provide no clear mechanisms for blind people to open and manage accounts independently.
The National Bank of Abu Dhabi’s Cautious Income Fund will pay to its investors a semi-annual distribution equal to 3.34% of the unit net asset value of US$5.3256 being the NAV as on September 26th, 2013.
Mashreq has extended its full fledged support to the 4th Annual Middle East SME Forum 2013.
According to Howarth, over the next 30 years, 70 per cent of global population growth will be in Muslim countries as the Muslim population of 1.6 billion is growing at twice the rate of the global population thus representing the fastest growing consumer segment in the world.
NCB Capital, the GCC’s leading wealth manager and the Kingdom’s largest asset manager, believes that growth in the sector will remain driven by the broadband and corporate segments.
September 29, 2013
In a recent report, the International Monetary Fund estimated that Dubai’s total debt stands at $142 billion, or around 102 per cent of its GDP, with $35 billion of that amount in government and government-guaranteed debt.
Emirates NBD announced the renewal of its partnership agreement with Mohammed Bin Rashid Housing Establishment for the third year running.
Emirates Islamic Bank hosted a special “Back to School” day out for orphans and children from low income families in Dubai.