Banking & Finance

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United Arab Bank (UAB)
January 19, 2015 - 14:25 GMT
United Arab Bank, UAB, has made a contribution of AED250,000 to Al Thiqah Club for the Handicapped, another milestone in the Bank’s long-standing relationship with an organisation that provides invaluable support for people with special needs in the UAE.

November 4, 2014

 The initial public offering by the NCB, which was hoping to raise $6 billion, is one of the largest in the world this year and the biggest in the kingdom's history.
17:29 GMT

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, Union Coop and Visa officials at the launch of the Emirates Islamic Union Coop. Tamayaz co-branded card
09:51 GMT
(press release)

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.

UAE Exchange
09:11 GMT

Win free air tickets to your home country. UAE Exchange presents Fortune Fiesta contest.

November 3, 2014

Emirates Islamic celebrating UAE Flag Day
12:02 GMT
(press release)

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.

During the event
09:33 GMT

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.

Credit cards represent only 20% of total financial transactions, while payment upon delivery occupies the lion’s share of total online purchases.
05:55 GMT

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

The international rating agency said the revised outlook for Jordan's rating was supported by expectations that the Kingdom's fiscal and external balances will continue to improve.
13:11 GMT

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 head office
10:27 GMT

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).

During the event
07:44 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has been honoured with the Golden Peacock Global Award for Sustainability 2014.

October 30, 2014

Three more luxury sedans to be given away under annual Savings Promotion
04:23 GMT
(press release)

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

David Marshall, Senior Executive Officer, Emirates NBD Asset Management
09:31 GMT
(press release)

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

Lebanese and Arab banks, with the help of Central Banks, have upgraded their regulations and laws in recent years to be in line with international norms.
17:16 GMT

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

During the meeting, Hollande and Alwaleed discussed political, economic and cultural matters.
17:15 GMT

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.

The report said the reserves had increased by $15.7 billion in the first six months of the year.
14:09 GMT

Kuwait had accumulated reserves of $548 billion as of June 30 after continued growth in the first six months of 2014

During the event
09:21 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has launched a new “Visa Signature” Debit Card.