Banking & Finance

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Newswire reports suggest that Goldman Sachs’ issue of a five-year $500 million Sukuk was some 3x oversubscribed with orders of around $1.5 billion.
Today
The US investment bank appears to have learned from the fiasco of its first attempt to market a Sukuk in 2011.

June 25, 2014

Al Hilal Bank
11:53 GMT
(press release)

Al Hilal Bank, a progressive Abu Dhabi –based Islamic bank, has announced that it will be conducting a special ‘Jood Bil Khair’ (‘do good’) campaign this coming Ramadan.

Gary Dugan, NBAD’s Global Private Banking Chief Investment Officer & Head of Investment Strategy
10:43 GMT

The National Bank of Abu Dhabi (NBAD) has appointed Gary Dugan as its Global Private Banking Chief Investment Officer & Head of Investment Strategy.

CIMA
09:36 GMT
(press release)

The Chartered Institute of Management Accountants (CIMA) today announced the renewal of its longstanding partnership with Talal Abu Ghazaleh Professional training group.

VISA Manhattan Platinum Credit Card
09:07 GMT
(press release)

Standard Chartered launched today the VISA Manhattan Platinum Credit Card, which has been designed to complement the lifestyle of the young, entertainment focused and affluent segment in the UAE.

During the event
07:37 GMT

UAE Exchange has been voted as ‘Brand of the Year’ by Superbands, owing to its supremacy in the market, longevity and customer loyalty.

June 24, 2014

Prime Minister Recep Tayyip Erdoğan has been voicing his disapproval of the central bank since late January,
23:26 GMT

The comments came a day before the central bank was scheduled to meet and decide upon a potential rate cut.

The major part of the financing, US$ 304 million, went to the energy sector - US$ 220 million for a Power Grid Extension Project in Bangladesh, and US$ 83.75 million for 132 KV Mirama-Kable Transmission Line and Distribution Project in Uganda.
14:07 GMT

Governors of the Islamic Development Bank (IDB), approved US$ 447.6 million towards financing several new development projects in a number of member countries

Nimish Dwivedi, Head of Payment at Mashreq
05:25 GMT
(press release)

Leading UAE financial institution, Mashreq announced exciting offers during the Holy Month of Ramadan for their cardholders.

After four days of trading in the green, the Saudi stock market saw a significant setback on Monday, dropping more than one percent or 103.85 points.
04:55 GMT

Tourism, Construction and Real Estate Development sectors showed the worst performance.

June 23, 2014

The contractor has plunged 48 per cent so far this month and 53 per cent from a record Dh7.40 in May
22:49 GMT

“The company must be forced to come up with an announcement to ease tension among the investors, mainly the small investors,” Wadah Al Taha, chief investment officer of Dubai-based Al Zarooni Group, said.

Balanced Egypt  Al Watany Bank of Egypt Fund by NBK Capital Asset Management Egypt
06:18 GMT

Two National Bank of Kuwait, Egypt funds, managed by NBK Capital Asset Management Egypt, have received excellence awards at the Thomson Reuters MENA Asset Management Conference & Zawya Fund Awards.

During the event
06:00 GMT
(press release)

The Ministry of Finance (MoF), represented by the International Financial Organizations Department, held a workshop to introduce ministries and federal entities to the training and development opportunities available to UAE nationals.

June 22, 2014

Rosary Little League
06:23 GMT
(press release)

Jordan Ahli Bank announced its sponsorship of the recently launched Little League football tournament organized by the Rosary College School in Marj Al-Hamam for students aged 7 to 9 years.

During the event
06:00 GMT
(press release)

Burgan Bank announced today the launch of the ‘Driven from Within’ – the certified Leadership program for the bank’s middle-managers and supervisors in collaboration with the American University of Kuwait.

June 21, 2014

The SAMA measure comes in line with the Ministry of Labor’s efforts to put a limit to the control of expatriates over some commercial activities, more commonly known as tasattur.
00:12 GMT

The SAMA measure comes in line with the Ministry of Labor’s efforts to put a limit to the control of expatriates over some commercial activities, more commonly known as tasattur.