Banking & Finance

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Gulf entities have provided at least $30 billion of funding, at current prices, for African infrastructure over the last decade.
November 24, 2014 - 00:30 GMT
In the year 2000, The Economist magazine famously described Africa as “the hopeless continent” on its cover.

August 10, 2014

"This process should be gradual as one cannot change a 30- year-old policy in three months. The process should be a step at a time," Ahmed said.
14:18 GMT

According to Ahmed, future generations of Jordanians will have to shoulder the burden of indebtedness arising from the budget deficit.

Dubai Gold and Commodities Exchange
12:09 GMT

Trading volumes in the Dubai Gold and Commodities Exchange (DGCX) grew 18% in July from previous month, trading 992,061 contracts, valued at US$ 29.95 billion.

Jordan Ahli Bank blood donation campaign
10:22 GMT
(press release)

Jordan Ahli Bank recently organized a blood donation campaign in collaboration with the Central Blood Bank, garnering the participation of many of its employees from various operational levels.

During the event
09:14 GMT
(press release)

Al Ansari Exchange has been declared a ‘UAE Superbrand’ for ninth consecutive year by Superbrands Council, the world's largest independent brand arbiter.

Gulf Bank
08:45 GMT
(press release)

Gulf Bank today announced that it has officially obtained the Payment Card Industry (PCI)-Data Security Standards (DSS) 3.0 certification, making it the first certified Bank in Kuwait.

Growth forecasts for seven countries in the Middle East and North Africa might be too rosy and consequently misleading according a World Bank report.
04:55 GMT

Government as well as international institution predictions made in 2010 for 2011-13 also proved to be overoptimistic.

August 8, 2014

Hidden, or indirect, taxes for goods including food, gasoline, cars and cellular phones in Turkey have reached record-breaking levels based on European standards,
14:20 GMT

The union's research indicated that hidden taxes on such goods in Turkey has reached 69 percent of total taxes, a figure which has nearly doubled over the last three decades.

August 7, 2014

NCR SelfServ 91
12:22 GMT

The National Bank of Abu Dhabi (NBAD), UAE’s premier bank, is the first financial institution in the Middle East to select NCR SelfServ 91

Gulf Bank
11:38 GMT
(press release)

Gulf Bank’s special commercials for Ramadan this year proved to be highly popular with YouTube viewers, ranking #1 in viewership with more than 700 thousand views throughout the Holy Month.

The latest US country report on terrorism said there were increased reports in 2013 of Kuwait-based private individuals funnelling charitable donations.
11:03 GMT

The Islamic Affairs Ministry announced the same day it was suspending all types of fund-raising inside mosques, including for the “Syrian people”.

Mr. Wasef Jabsheh, Vice Chairman and Chief Executive Officer of IGIH
09:44 GMT

International General Insurance Holdings Limited (IGIH) today reported earnings for the 1st half, 2014 financial year.

August 6, 2014

Emirates Islamic
11:58 GMT
(press release)

Emirates Islamic, announced the launch of a two-month campaign aimed at encouraging customers to increasingly use the bank’s digital banking platforms.

Turkey's economic growth beat expectations in the first quarter of 2014 by registering a 4.3 percent year-on-year expansion in its gross domestic product (GDP),
04:55 GMT

Turkey's economy minister joined a government-led chorus suggesting that the country is being treated unfairly by international rating agencies.

August 5, 2014

Brazil is a significant exporter of Halal foods. In 2013 it shipped 1.48 billion tonnes of chicken to the Middle East.
20:29 GMT

In January Abu Dhabi Equity Partners invested in a livestock financing programme to fund the fattening of 70,000 cattle heads - the equivalent of entire UAE's annual import of beef.

During the event
08:54 GMT
(press release)

Burgan Bank announced today that it has won the coveted ‘Best Domestic Cash Management Bank of the Year” award from the Asian Banking and Finance Magazine’s Wholesale Banking Awards 2014 in Singapore.