Banking & Finance
July 2, 2014
Al Hilal Bank has successfully priced USD 500 million Perpetual Additional Tier 1 sukuk certificates, marking the first Tier 1 issuance out of the Middle East since May 2013.
The National Bank of Abu Dhabi (NBAD) has launched the Cash Plus Fund, a fund designed to offer liquidity, capital preservation and yield enhancement.
July 1, 2014
“The wages system in Egypt is closer to randomness than to being organised,” the minister said, adding that “a project for income law will be submitted to the cabinet during the coming period.”
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced the launch of a 360º community outreach programme.
United Arab Bank, the fastest growing bank in the Middle East, has announced the completion of a 3-year syndicated Murabaha facility worth US$100m with four banks based in the UAE, Bahrain, and Kuwait.
Keith Luck FCMA, CGMA is the new President of the Chartered Institute of Management Accountants (CIMA), the world’s largest professional body of management accountants.
June 30, 2014
The collapse marks a continuation of the builder’s downward trend on the Dubai bourse
Standard Chartered’s Transaction Banking Department recently organised a seminar on Liquidity and Working Capital Management for its Corporate and Institutional Clients in the UAE.
Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced the launch of ‘Al Ansari Rewards – Summer Promotion 2014,’ offering at total of AED 1,350,000 in cash prizes.
June 29, 2014
Fund managers and analysts do not expect major movements and said investors have already been liquidating their positions before Ramadan.
Dr. R. Seetharaman, Group CEO, Doha Bank has received a PhD in “Global Governance” from European University recently. Dr. Seetharaman received the doctorate.
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 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.
The UAE and Oman opted out of the proposed monetary union before it was launched in 2010
June 26, 2014
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.