Banking & Finance

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CEO of Emirates NBD, Shayne Nelson, said in-market mergers  work better monetarily (File/AFP)
August 26, 2014 - 07:31 GMT
It's getting too crowded in the UAE banking sector with too many lenders competing with one another to please a small population, according to a senior banker.

June 15, 2014

Abu Dhabi Commercial Bank
11:43 GMT
(press release)

Abu Dhabi Commercial Bank (ADCB) continues to advance its ‘SimplyLife’ brand by launching its first ever credit card.

National Bank of Abu Dhabi
09:07 GMT

The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 2.87% of the net asset value (NAV) ofUS$5.2532, being the NAV as at May 29, 2014.

Jordan Ahli Bank
06:04 GMT
(press release)

Jordan Ahli Bank sponsored the annual charity event organized by the Families and Friends Society of Persons with Disabilities.

Private wealth in the Middle East and Africa soared 11.6 per cent reaching $5.2 trillion in 2013 according to a new report.
03:55 GMT

Key drivers for this increase included continued strong nominal GDP growth in oil rich Gulf countries.

June 12, 2014

During the agreement
10:26 GMT
(press release)

Emirates NBD entered into a strategic partnership with MetLife, a leading global provider of insurance, annuities and employee benefit programs, to provide comprehensive life insurance solutions to the bank’s customers.

June 11, 2014

Dubai stocks have indeed become some of the most highly valued equities in the world, but  correction from these heights is only to be expected.
14:08 GMT

The main index of the Dubai Financial Market fell by four per cent yesterday after weekend warnings from the UAE Central Bank that the local property market was overheating

Marios Maratheftis, Global Head of Macro Research, Standard Chartered
13:23 GMT
(press release)

Standard Chartered is today hosting the Middle East, North Africa & Pakistan (MENAP) Bankers Conference 2014.

The US had set a deadline of July 1 before American banks were to be required to withhold some payments to the financial institutions of countries without a Fatca agreement.
12:33 GMT

The UAE has reached an initial agreement with the US to carry out a financial data-sharing programme aimed at curbing offshore tax evasion by US citizens.

Emirates NBD mePay
06:25 GMT
(press release)

Emirates NBD announced the launch of ‘Emirates NBD mePay,’ an innovative money transfer service that enables an account holder at the bank to transfer money to another customer using mobile numbers instead of account numbers.

June 10, 2014

Mashreq & Visa officials unveil the card
10:01 GMT
(press release)

Mashreq today unveiled its new, super-premium card, the Mashreq Solitaire Credit Card aimed exclusively at the discerning, affluent customer.

Jordan Ahli Bank
09:54 GMT
(press release)

Jordan Ahli Bank recently announced its sponsorship of Pope Francis's first visit to the Kingdom.

Mr. César González-Bueno, Gulf Bank’s Chief Executive Officer along with management accepting the ‘Best Domestic Retail Bank’ and the ‘Best Employee Development Program’ awards from Banker Middle East in Dubai
05:58 GMT
(press release)

Gulf Bank has announced that it has been honored with the ‘Best Domestic Retail Bank’ and ‘Best Human Resources Development’ awards for 2014 from Banker Middle East.

June 9, 2014

During the event
06:01 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions, has been named as the Best Retail Bank in the prestigious Banker Middle East industry awards.

June 8, 2014

Al Ansari Exchange
14:57 GMT
(press release)

Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has entered into a strategic alliance with Videocon, India’s leading brand in consumer electronics, home appliances, mobiles and tablets.

The Banker Middle East awards ceremony was attended by senior banking executives and decision makers from the financial industry
09:33 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions, has been named as the Best Retail Bank in the prestigious Banker Middle East industry awards.