Banking & Finance
May 13, 2014
The profitability of Qatari banks will likely remain strong over the next 12 months,
May 12, 2014
Burgan Bank Group announced today its first quarter earnings for 2014. Net profit reported at KD17.1 million reflecting a growth of 10% from KD 15.6 million reported for the first quarter in 2013.
Kuwait Stock Exchange (KSE) ended last week in the red zone
May 11, 2014
Dubai’s bourse has outpaced other Gulf markets by a wide margin in terms of companies’ first-quarter profit growth,
The National Bank of Abu Dhabi (NBAD) has won three prestigious awards: Best Cash Management, Best Corporate Advisory, and Best GCC Equity Fund at the Banker Middle East Product Awards 2014.
Continuing its smart banking approach, leading financial institution opened its latest eCube branch in Jumeirah.
Launched in Egypt in 2009, the payment service has since taken off fast in a country where under 10 percent of the adult population have an account at a formal financial institution, according to the World Bank.
Workers have been hoping for a relief from rising rents, which rose on average by 22 per cent last year, and increasing cost of commodities and services.
May 8, 2014
Former IRS senior district attorney Barbara Kaplan says US citizens who conceal funds in Israel could also face criminal charges.
The National Bank of Abu Dhabi (NBAD) has celebrated 120 employees who earned professional qualifications in various professional development programmes.
Mashreq has announced the launch of Home Equity Release solution, which enables clients to use the additional value in their home to generate cash flows, which can be used for further investments to generate wealth.
Supposedly, the exceptional measure is designed to answer calls for social justice raised during Egypt's 2011 revolution.
Kuwait Projects Co (KIPCO), the Gulf state’s largest listed investment company, reported a 20 per cent rise in first-quarter profit on Wednesday.
May 7, 2014
NCB Capital has announced that it has successfully closed subscriptions to the AlAhli SEDCO Residential Development Fund after exceeding the Fund’s target of SR350 million.
Emaar gained 6.3 percent to 10.45 dirhams – the level last seen in May 2008 – on increased volume and helped Dubai’s benchmark jump 3.3 percent, also the highest since 2008.