Banking & Finance

Featured Story:

Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

April 16, 2014

The World Bank aims to promote better use of public resources in Lebanon (File/AFP)
11:11 GMT

The World Bank has agreed to support Lebanon's Finance Ministry with a $5.2 million loan.

H.E. Sir Easa Saleh Al Gurg, KCVO, CBE, NBF's Deputy Chairman, inaugurates NBF Capital
11:08 GMT
(press release)

National Bank of Fujairah announced the official opening of the office of NBF Capital Limited, a fully-owned subsidiary of the bank that offers bespoke financial advisory solutions.

HSBC Bank Oman Staff During Regional Leadership Development Programme
10:46 GMT
(press release)

Some of HSBC Bank Oman’s most promising Omani staff participated in a two-day Career Development Programme (CDP) workshop in Muscat.

Dr. Adnan Chilwan, CEO of Dubai Islamic Bank
07:51 GMT
(press release)

Dubai Islamic Bank announced that Foreign Ownership Limit allowed for the bank has been increased by an additional 10% post completion of all regulatory formalities.

Hanan Koubeissy, Mubasher New Group Director of UAE Branches
07:19 GMT

Mubasher Financial Services is pleased to announce that it has appointed Hanan Koubeissy as its Group Director of UAE Branches.

April 15, 2014

Andre Sayegh, CEO of First Gulf Bank
10:52 GMT
(press release)

First Gulf Bank has concluded the creation of a Negotiable Certificate of Deposit (NCD) programme, delivered by its Singapore Branch, serving as its Asia Pacific (APAC) hub.

Deloitte experts believe that Expo 2020 will be a major “game changer for Dubai” whereby it will create significant changes
07:52 GMT

Deloitte experts weigh in on the changes that will occur as a result of the Expo 2020 Dubai win, as well as the challenges facing senior management in the GCC.

The Ordinary General Meeting saw shareholders approve a number of agenda items pertaining to the Bank's financial statements, reporting and governance
07:44 GMT
(press release)

Gulf Finance House (GFH) concluded the Ordinary and Extraordinary General Meetings of the Bank for the twelve-months ended 31 December 2013 (“the year”).

Per-capita foreign debt rose significantly from $1,963 in 2002, when the ruling Justice and Development Party (AK Party) came to power, to $5,105 last year
03:55 GMT

Turkey's foreign debt increased $49.9 billion in 2013, breaking national records as the highest single-year increase in foreign debt in the history of the Turkish Republic.

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
03:55 GMT

The Bank has not lent any new money to Iran since 2005.

April 14, 2014

Egyptian construction tycoon Nassef Sawiris, the youngest among the Sawiris siblings, was the first Egyptian and the fourth on the list with a total worth of $6.7bn.
19:04 GMT

The first spot went to the Kingdom of Saudi Arabia, which had 39 names on the list, while third went to the United Arab Emirates, which had 14.

Jordan Ahli Bank
09:48 GMT
(press release)

Jordan Ahli Bank recently celebrated Mothers’ Day with residents of the Golden Age Home for the Elderly.

Mr. Omar Kutayba Alghanim, Gulf Bank’s Chairman
09:30 GMT
(press release)

Gulf Bank today announced a net profit of KD 8.7 million for the first quarter of 2014, up 10% from KD7.9 million over the same period in 2013.

First Gulf Bank
05:45 GMT
(press release)

First Gulf Bank has formally inaugurated new offices for its Treasury and Global Markets Group as well as some divisions of its Wholesale Banking Group, based in Sowwah Square at Al Maryah Island, Abu Dhabi.

Saleem Khokhar, the Head of Equities at NBAD’s Asset Management Group
05:25 GMT

The National Bank of Abu Dhabi’s NBAD MENA Dividend Leader Fund will pay to its investors a semi-annual distribution equal to 2.01% for USD share class.