Banking & Finance

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Since August 5, conditions in the market have made it less worthwhile to hold shekels, because the Israeli banks were willing to pay almost 1% annual interest on dollar deposits.
August 21, 2014 - 13:20 GMT
After the cannons have stopped roaring and an arrangement between Israel and Hamas is emerging, the shekel is suddenly showing weakness.

June 10, 2014

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.

During the event
05:45 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has been named the ‘Best Regional Commercial Bank’ at The Banker Middle East Industry Awards, which was recently held in Dubai.

June 5, 2014

Gulf Bank
12:15 GMT
(press release)

Moody's Investors Service has reported that Gulf Bank’s successful turnaround sets the stage for more balanced growth and is well positioned to take advantage of lending opportunities in Kuwait.

During the event
10:18 GMT
(press release)

Standard Chartered has been recognised as the ‘Best Transaction Services House in the Middle East’ at the Euromoney Awards for Excellence 2014.

Saif Al Shehhi, the Senior Managing Director - Government of Abu Dhabi & VVIP Clients at NBAD (middle) receives the best bank in UAE award from Euromoney officials
10:03 GMT

The National Bank of Abu Dhabi (NBAD) has been named the Best Bank in the UAE by the prestigious international publication Euromoney, making it the fourth time in six years that NBAD has won this important award.

During the event
06:31 GMT
(press release)

National Bank of Fujairah (NBF) PJSC has announced that it has won the award for “Best Domestic Commercial Bank” at this year’s Banker Middle East (BME) Industry Awards.

Arab Bank
06:07 GMT
(press release)

Arab Bank recently relocated its regional management headquarters to its new offices in Dubai at Emaar Square, Building #2.

June 4, 2014

First Gulf Bank
11:48 GMT
(press release)

FGB, one of the leading banks in the UAE, has won two 2014 Banker Middle East Industry Awards, including ‘Best Bank in United Arab Emirates’, for the second year running, and ‘Best Wealth Management Firm’.

During the event
11:34 GMT
(press release)

Emirates NBD announced that it won two prestigious awards at the Smart Cards & Payments Middle East, which was organised as part of Cards and Payments Middle East, the region’s premium event for payment cards.

June 3, 2014

The report said that support from the GCC has allowed the government to put off “difficult choices” and operate in with a “muddle through” fiscal strategy until the first half of 2015.
17:37 GMT

Egypt’s fiscal deficit is set to “remain firmly in double digits” with inflation easing in 2014, a Citibank report published in May has said.

“The UAE is known for setting new benchmarks in various fields and creating exemplary standards that are being emulated across the region."
13:20 GMT

This was among the few demonstrations worldwide, where a government-issued identity card has been used to enable financial transactions.