Banking & Finance

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"This is a well-established, well-rooted and very successful, very profitable organisation," Jordanian economist Riad Al Khouri told AFP.
Today
Experts and economists believe the bank will emerge unscathed with flying colours, dismissing the case as a political attempt by American Zionist organisations looking to discredit the Palestinian cause.

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.

The documentation of the facility from BLME has been finalised, with the closing and initial drawdown having been successfully concluded.
13:07 GMT

BLME has concluded a $15 million senior secured facility for Virgin Mobile Middle East & Africa (VMMEA), the regional MVNO group rolling out Virgin Mobile across the Middle East & Africa region.

National Bank of Abu Dhabi
09:26 GMT

The National Bank of Abu Dhabi has partnered with Celer Technologies to develop Global Markets E-Commerce applications.

Jordan Ahli Bank
09:08 GMT
(press release)

Jordan Ahli Bank sponsored the first in a series of economic conferences organized by the Jordan Society for Scientific Research (JSSR), held under the heading “Jordan’s Economy in a Changing world.”