Banking & Finance
November 4, 2014
A share offer by Saudi Arabia's National Commercial Bank was 16 times oversubscribed late Sunday, in what one financial analyst called "the mother of all IPOs".
Emirates Islamic has announced a strategic partnership with Union Cooperative Society, the leading consumer cooperative society in Dubai to launch the Emirates Islamic Union Coop. Tamayaz co-branded card.
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November 3, 2014
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, marked the UAE Flag Day with a flag hoisting ceremony at its headquarters.
International Bank of Qatar (ibq) has won the “Best Loyalty Program in the Middle East and Africa” for its innovative reward program “thanq” at the MasterCard Innovation Forum 2014, held recently in Singapore.
A recent report issued by PayFort, an institution specialising in online payment solutions, said that only 7% of Egyptians have bank accounts.
November 2, 2014
Jordan has regained its stable credit rating from Standard and Poor's (S&P) almost three years after a downgrade to negative.
The National Bank of Abu Dhabi (NBAD) has signed a deal to provide a 10-year Term Loan facility of AED 1,200,000,000 to Abu Dhabi National Hotels (ADNH).
Doha Bank, the leading private commercial bank in Qatar, has been honoured with the Golden Peacock Global Award for Sustainability 2014.
October 30, 2014
Al Hilal Bank, the progressive Islamic bank, has turned over the third of six 2015 Audi A8 luxury sedans it is handing over under its annual Savings Promotion extending from July 15, 2014 to January 15, 2015.
October 29, 2014
Emirates NBD Asset Management Limited (Emirates NBD AM), the asset management arm of Emirates NBD, reported today that its assets under management (AuM) has crossed the AED10bn mark as of September 30, 2014, at 10.2bn.
October 28, 2014
U.S. officials urged Arab bankers who attended a recent conference in New York to maintain measures to combat money laundering and terrorist funding.
October 27, 2014
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), attended recently a dinner at the French presidential palace, The Elysee, on the invitation of French President François Hollande.
Kuwait had accumulated reserves of $548 billion as of June 30 after continued growth in the first six months of 2014
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has launched a new “Visa Signature” Debit Card.