Banking & Finance

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Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

April 29, 2014

Al Wahda Kiosk
09:39 GMT
(press release)

Emirates Islamic announced the launch of a major campaign in Abu Dhabi which offers customers a package of offers and benefits on Shari’a-compliant banking products and services.

Dimian said he hoped economic reforms could bring the budget deficit down to 10% of GDP, but gave no time frame
02:07 GMT

The Egyptian government sees its budget deficit, if it does not implement reforms, running at 14-14.5% of gross domestic product in the fiscal year starting on July 1

April 28, 2014

The new green loan is designed to encourage more firms to pursue energy efficient development in the UAE (File Archive/Shutterstock)
12:00 GMT

UAE's Union National Bank (UNB) has launched the first "Green Loan" in the region, which is designed to encourage investment in energy efficient products and related developments.

April 27, 2014

Al Ansari Exchange
09:32 GMT
(press release)

Al Ansari Exchange has announced the launch of its latest promotion, Baisakhi Promotion, in partnership with India-based Vijaya Bank and Samsara Money Transfer, Nepal’s licensed remittance solution company.

Al Hilal Bank
06:24 GMT
(press release)

Al Hilal Bank has announced the launching of its new Global Balanced Fund designed for investors interested in participating in the growth and income potential of Shariah-compliant equities and sukuk from around the world.

The award was received on behalf of Emirates NBD by Sachin Chandna, Head of Personal Loans & Overdrafts
06:07 GMT
(press release)

Emirates NBD announced that it has won the 'Best Consumer Credit Product award' and 'Best Risk Management award’ for its Personal Loan business.

“The size of the Lebanese banks in Iraq maybe too small compared to the huge Iraqi market. Iraq’s seven state-owned banks have 80 percent of assets and 90 percent of total deposits in the country. However, we are going to the Iraqi market to serve new clients,” Bassil said.
03:55 GMT

Central Bank Governor Riad Salameh said he was looking forward to increase cooperation with Iraq in organizing the banking sector and strengthening supervision and money laundering protections.

April 24, 2014

Paul Trowbridge; Chief Executive Officer of United Arab Bank
09:10 GMT
(press release)

United Arab Bank announces its Financial Results for the three months ended 31 March 2014.

During the AGM, ADX provided Manazel shareholders with services including the updating of shareholder information, depositing of share certificates, and providing statements of account
08:14 GMT
(press release)

Abu Dhabi Securities Exchange (ADX) has organized the Annual General Assembly of Manazel Real Estate Company, which took place on 17th April at the Dusit Thani hotel in Abu Dhabi.

Around 67 percent of DI’s total asset base is in the property sector which positions DI as a major real estate player in the UAE.
03:55 GMT

Dubai Investments, the largest investment company listed on the Dubai Financial Market (DFM), has raised the foreign ownership limit in the company from the existing 20 percent to 35 percent.

April 23, 2014

Bank Mellat, which has been in Turkey since 1982, faced restrictions in 2012 which led to a decline in its growth due to economic sanctions imposed against Iran.
23:36 GMT

Earlier this year, Turkish Prime Minister Recep Tayyip Erdogan said that he considered Iran to be “his second home” during a visit to Tehran aimed at strengthening economic ties between the neighboring countries.

April 22, 2014

HH Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum Visiting FGB’s stand
12:33 GMT
(press release)

HH Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, visited FGB’s stand at Careers UAE 2014 in Dubai today.

Careers UAE is organised by the Dubai World Trade Centre, in conjunction with TANMIA, HigherColleges of Technology and UAEUniversity
12:26 GMT

UAE Exchange has always believed in creating equal employment opportunities in the industry.

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum; Deputy Ruler of Dubai and H.E. Abdulla Ghobash; Minister of State, and officials from NBAD at the Bank stand at Careers UAE 2014
12:20 GMT

The National Bank of Abu Dhabi (NBAD) is participating in “Careers UAE 2014” which was opened today and will be concluded on 24th April.

part  of our efforts to cater the need of  our local talent, Standard Chartered has initiated its  Reduced hour Work Scheme, which will also be under the spotlight at Careers UAE 2014
09:54 GMT
(press release)

Standard Chartered has announced its participation at the 14th Careers UAE 2014 which is held from April 22 to 24, 2014 at the Dubai World Trade Centre.