Banking & Finance

Featured Story:

It also revealed that Gulf funding for African infrastructure has focused on North Africa, which has received the bulk of aid (about 65 per cent of the total).
October 1, 2014 - 20:11 GMT
A study expected that annual contributions are likely to average $5 billion in the coming years, which equates to at least 10 per cent of the total average annual inflows to this sector.

June 29, 2014

Arabtec, which remained among the top losers last week, shed 27.23 per cent.
13:52 GMT

Fund managers and analysts do not expect major movements and said investors have already been liquidating their positions before Ramadan.

Doha Bank CEO PHD fom EU
10:11 GMT
(press release)

Dr. R. Seetharaman, Group CEO, Doha Bank has received a PhD in “Global Governance” from European University recently. Dr. Seetharaman received the doctorate.

During the event
07:40 GMT
(press release)

In line with the leadership’s agenda to promote charitable and humanitarian works, Al Ansari Exchange has expressed its strong support to the ‘UAE Water Aid’ initiative with its recent donation of AED 1 million.

The Jordan Customs Department and the three telecommunications companies for landline, mobile and Internet (Umniah, Zain Jordan and Orange Jordan) have also linked to the system.
04:55 GMT

The Central Bank of Jordan (CBJ) on Saturday officially launched e-FAWATEERcom system to help citizens check and pay their bills electronically via different paying outlets.

Gulf oil produces who are members of the monetary union are talking to the UAE and Oman in a bid to persuade them to join the union, Kuwait’s finance minister said in press comments on Saturday.
04:55 GMT

The UAE and Oman opted out of the proposed monetary union before it was launched in 2010

June 26, 2014

First Gulf Bank
08:37 GMT
(press release)

FGB, one of the leading banks in the UAE, has concluded a 5-year ¥10 billion bond as part of the USD 1 billion Tokyo Pro-Bond Market programme registered by the bank on June 11.

Gulf Capital Wins Golden Award of Excellence
08:17 GMT
(press release)

Gulf Capital received the Golden Award of Excellence in Corporate Social Responsibility (CSR) at the prestigious fourth annual event organised by the Arab Organization for Social Responsibility.

NCB Capital
07:35 GMT
(press release)

NCB Capital continues to believe that improvement in demand, mainly from advanced economies, and higher operational efficiencies will drive the sector’s 2014 and 2015 expected growth.

Alex Thursby, the Group Chief Executive Officer of NBAD
07:18 GMT

The National Bank of Abu Dhabi (NBAD) has successfully executed the UK government’s debut Sukuk issue in its capacity as Joint Lead Manager and Joint Bookrunner.

Shayne Nelson, Group CEO at Emirates NBD
05:25 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today that it has crossed the 200,000 mark for fans on its official Facebook page.

June 25, 2014

The fact is that salaries are not increasing by 10 per cent, 25 percent or 100 per cent a year.
13:48 GMT

Rents in this locale have increased on average by 100 per cent over the last year.

During the event
12:28 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today launched the “Emirates Islamic Cash Back Card,” offering cardholders up to 10 per cent cash back, on spends.

“Investors get scared, but more than that, people who provide them leverage get scared,” Mohindra said.
11:56 GMT

Saudi Stock Exchange (Tadawul), the Middle East's largest bourse that is planning to go public, reported a 37 percent drop in 2013 net profit, its first ever financial disclosure showed on Tuesday

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.