Banking & Finance

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A bank assistant counts through money in Lebanon (File/AFP)
July 24, 2014 - 13:29 GMT
U.S. legislation to increase financial sanctions on any organization funding or channeling money to Hezbollah won't have any impact on Lebanon's banking sector, according to a report. A sigh of relief?

May 15, 2014

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.

mashreq Dubai Internet City branch
07:03 GMT
(press release)

Mashreq, a leading financial institution in the UAE, has rejuvenated its banking loyalty program in the region by introducing an online Travel Site.

MasterCard, a technology leader in the global payments industry, plans to set up in Dubai its first processing centre outside the US in the last quarter of 2014.
03:55 GMT

The processing centre, also the very first of its kind in the region, will be a one-stop-shop for debit and prepaid processing, fraud risk services, ATM processing, customer care and reporting/analytics.

May 14, 2014

Raghu Malhotra, Division President, Middle East and North Africa & Cathy McCaul, President, Global Processing, Global Products and Solutions
11:32 GMT
(press release)

MasterCard announced it will provide integrated processing services to customers across the Middle East and North Africa through an end-to-end, multi-brand cards and payments processing center located in the UAE.

Jordan Ahli Bank
09:30 GMT
(press release)

Jordan Ahli Bank recently sponsored the ArtForAll initiative, an open-air art gallery that resulted from a collaboration between artists Peter Claesson from Spain and Zaid Derbi from Jordan.

During the event
05:51 GMT

UAE Exchange’s Facebook page won the 11th Pan Arab Excellence Award, for creativity, in the Banks and Financial Institutions category in the MENA region.

May 13, 2014

During the event
10:31 GMT

FGB, one of the leading banks in the UAE, recently launched a fast track career development programme, known as Al Masar, for its UAE national employees.

During the event
10:05 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the inauguration of its new branch located at Al Barsha Mall, in Dubai.

Al Hilal Bank
09:56 GMT
(press release)

Al Hilal Bank has announced that its Mall Branch at the Corniche in Abu Dhabi will be one of the stop-offs of the UAE Football Association (UAEFA) President’s Cup’s prestigious Trophy Tour this year.

“These rosy conditions are expected to continue, with lending growing by about 10-15 per cent per year for the next few years.
01:00 GMT

The profitability of Qatari banks will likely remain strong over the next 12 months,

May 12, 2014

Mr. Majed Essa Al Ajeel, Chairman of Burgan Bank Group
06:04 GMT
(press release)

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.

Eight of KSE’s sectors ended last week in the red zone, three recorded increases, whereas the Health Care sector’s index closed with no change from the week before
03:55 GMT

Kuwait Stock Exchange (KSE) ended last week in the red zone

May 11, 2014

Qatar’s bourse has officially reported that the combined first-quarter net profit of all but two companies amounted to QR11.1 billion, up 8.6 per cent year on year.
20:25 GMT

Dubai’s bourse has outpaced other Gulf markets by a wide margin in terms of companies’ first-quarter profit growth,

National Bank of Abu Dhabi
09:42 GMT

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.

During the opening
09:25 GMT
(press release)

Continuing its smart banking approach, leading financial institution opened its latest eCube branch in Jumeirah.