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.
September 18, 2014 - 13:44 GMT
The US investment bank appears to have learned from the fiasco of its first attempt to market a Sukuk in 2011.

June 19, 2014

First Gulf Bank
11:48 GMT
(press release)

Forbes Middle East magazine has placed FGB 8th overall, and named it as the 4th leading bank (2nd in the UAE) in its ‘Top 500 companies in the Arab World’ rankings.

During the signing ceremony
10:26 GMT
(press release)

Dubai Economic Council and Standard Chartered Bank have signed a MOU stipulating that Standard Chartered Bank will advise, arrange and facilitate trade and investment flows between the public and private sectors based in Dubai, UAE and the USA.

June 18, 2014

Credit Cards Promotional Campaign for Summer 2014
09:52 GMT

Bank Aljazira has recently launched its innovative promotional summer campaign promoting its selection of credit cards under the theme "Win 5000 SR monthly salary".

During the event
09:47 GMT
(press release)

Abu Dhabi Commercial Bank (ADCB) is continuing its commitment to local community by launching a talent development platform that aims to empower Emarati women’s role in the employment market.

On a regional level, the report reveals that private financial wealth grew by 11.6 percent to reach $5.2 trillion in 2013
04:55 GMT

Qatar ranks first in the world with the highest density of millionaires, with 17.5 percent holding private wealth of at least $1 million, according to a new report.

June 17, 2014

Al Ansari Exchange
09:41 GMT
(press release)

Al Ansari Exchange has announced that it has recently opened new branches in the UAE with an aim to continue with its nationwide strategic expansion plans.

During the event
09:20 GMT
(press release)

Jordan Ahli Bank recently sponsored the Little League football tournament organized at Al Mashrek International School.

During the inauguration
05:46 GMT
(press release)

National Bank of Fujairah (NBF) PJSC today announced the official launch of the bank’s newest branch in the Al Quoz area of Dubai.

June 16, 2014

Sharjah Islamic Bank
12:17 GMT
(press release)

Sharjah Islamic Bank has inaugurated its new branch in Jebel Ali, strengthening its presence on the local banking arena.

In Dubai, property developer, Arabtec, dropped the most allowed to reach a share price of Dh4.50.
03:55 GMT

Most markets in the Middle East and North Africa region ended the day’s trade in the red because of the Iraqi conflict.

June 15, 2014

Morocco has raised one billion euros ($0.7 billion) on the international market in a 10-year bond at 3.5 per cent
19:40 GMT

The 3.5 per cent loan rate is less than that obtained on the dollar market in 2012-2013, showing the "confidence in Morocco's economic and political stability”.

13:02 GMT

Visa and FIFA’s exclusive Financial Services partner for the 2014 FIFA World Cup Brazil, today shared its global FIFA World Cup activation program across the Middle East.

Burgan Bank
12:13 GMT
(press release)

Burgan Bank announced today the names of the lucky winners of its Yawmi account draw, each taking home a prize of KD 5,000.

Abu Dhabi Commercial Bank
11:43 GMT
(press release)

Abu Dhabi Commercial Bank (ADCB) continues to advance its ‘SimplyLife’ brand by launching its first ever credit card.

National Bank of Abu Dhabi
09:07 GMT

The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 2.87% of the net asset value (NAV) ofUS$5.2532, being the NAV as at May 29, 2014.