Banking & Finance

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Saudi's Tadawul is currently dominated by local retail investors, but opening up to the international market will broaden horizons (File/AFP)
July 24, 2014 - 13:07 GMT
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.

May 21, 2014

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
04:55 GMT

The Bank has not lent any new money to Iran since 2005.

May 20, 2014

The draft law says a defaulter would no longer risk a jail term if he or she has a child younger than 15 years, his or her spouse is dead — or jailed — for any reason.
22:17 GMT

At present, debtors in the UAE are imprisoned for failing to pay their debts, and creditors, mainly banks, are not sympathetic to the debtors once they are in prison.

Alex Thursby, Group CEO of NBAD
11:01 GMT

NBAD Group Chief Executive Officer, Alex Thursby will present Abu Dhabi’s strategic advantages as a conduit and enabler of trade and commerce across a rising ‘Super Region’ stretching from West Africa to East Asia at the fifth Abu Dhabi Investment Forum.

H.E. Dr. Omar Al-Nuaimi, Assistant Under-Secretary of Policies and Strategy, Ministry of Labor in the United Arab Emirates presenting the award to Mrs. Salma Al-Hajjaj, General Manager- Human Resources at Gulf Bank
09:33 GMT
(press release)

Gulf Bank announced that Mrs. Salma Al-Hajjaj, General Manager, Human Resources, has won the ‘HR Professional of the Year’ award for the private sector at the 6th Annual MENA HR Excellence Awards.

Emirates NBD
09:23 GMT
(press release)

Emirates NBD announced the launch of “Tablet Banking Service,” becoming the first bank in the Middle East to unveil tablet-based financial planning.

The DFM has now declined for four straight sessions, its biggest losing streak in that surge.
08:48 GMT

Dubai’s benchmark index, the world’s best-performing gauge in 2013, plunged the most in more than eight months on Monday.

May 19, 2014

During the event
11:21 GMT
(press release)

15 student teams coming from various UAE-based universities and colleges have been selected to move on to the final round of this year’s edition of the ‘Business for Better’ competition.

During the event
05:52 GMT
(press release)

Jordan Ahli Bank recently signed an agreement with Save the Children Jordan to support the 4th phase of the national “Combating Anemia Campaign.”

May 18, 2014

HE Mohammed Abdullah mediating the participants in Al Nukhba
11:34 GMT
(press release)

Sharjah Islamic Bank (SIB) recently celebrated the graduation of its senior employees who completed the ‘Al Nukhba’, a Leadership Competency Programme launched by the bank in October 2013.

Emirates Islamic and Entrepreneurs Forum organised Business Banking Work
11:13 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently organised a meeting for UAE national SME owners, who are members of the Entrepreneurs Forum in Dubai.

10:12 GMT
(press release)

FGB has announced the launch of a new limited-time promotion which allows customers residing in the UAE to benefit from free travel insurance through a simple online enrollment process before June 30th 2014.

Will Milner Editorial Director, ITP Digital and Nimish Dwivedi, Head of Payments, Mashreq
09:15 GMT
(press release)

Mashreq Flavours has got bigger and better. Mashreq cardholders can enjoy attractive discounts of up to thirty percent at more than 1,600 restaurants across the UAE.

May 15, 2014

Standard Chartered Bank
11:34 GMT
(press release)

Standard Chartered won the ‘Best Credit Card’ and ‘Best Premium Card’ awards at the Smart Cards & Payments Awards Middle East, which was held recently at The Armani Hotel, Dubai.

During the event
11:19 GMT
(press release)

FGB held an exclusive event in Abu Dhabi, where a number of the bank’s customers were given the opportunity to meet with first team players Fernandinho, Aleksandar Kolarov, Joleon Lescott, James Milner and Richard Wright.

Emirates Islamic's head office
11:09 GMT
(press release)

Emirates Islamic announced the launch of a campaign which offers Indian and Pakistani expatriates in the UAE 30 days free Accidental Life Takaful cover.