Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

September 10, 2014

UAE Exchange
06:43 GMT

UAE Exchange, the leading global remittance and foreign exchange brand, is now the largest followed company, in its class, on Facebook with its global fan-base touching the 500,000-milestone.

The so-called offset programme was introduced in 1992 as a way of weaning Kuwait off its reliance on oil and gaining access to new technologies and training.
04:55 GMT

Kuwait is suspending a programme under which foreign winners of big government contracts are required to invest in the local economy.

September 9, 2014

In an interview with Reuters, Global’s chief executive Maha Al Ghoneim said the company was now “debt-free” following its debt restructuring last year.
17:50 GMT

Kuwait’s Global Investment House said on Tuesday it aimed to relist its shares on the Kuwaiti bourse, after its listing was cancelled last year because of accumulated debt.

During the event
10:29 GMT
(press release)

FGB, one of the leading banks in the UAE, has launched the fourth phase of its fast-track management trainee programme, ‘Nujoom.

Abu Dhabi Islamic Bank
09:49 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB), a top-tier financial institution, has received an award for Best Treasury Services in the Middle East by EMEA Finance.

September 8, 2014

Standard Chartered
10:07 GMT
(press release)

Standard Chartered Private Equity announced the acquisition of a significant minority stake in Al Jazeera Agricultural Company through an equity investment of US$ 35 million.

07:28 GMT
(press release)

GFH would like to notify its shareholders and the markets about the acquisition of two multi-family residential properties in Houston, as part of the Diversified US Residential Portfolio, which the bank has recently agreed to acquire.

Burgan Bank
07:21 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.

The program was initiated by Mashreq Learning Systems, the Learning and Development arm of Mashreq, which designs and implement various learning courses and development initiatives.
04:55 GMT
(press release)

The UAE’s leading financial institution, Mashreq, today announced the graduation of 48 of its employees from the banks’ General Management Certificate Program.

September 7, 2014

Al Hilal Bank
06:57 GMT
(press release)

Al Hilal Bank has announced that its customers can now start using their Emirates Identity Authority (EIDA) Identity Cards for withdrawals and transfers at all Al Hilal ATM machines across the UAE.

September 4, 2014

Hong Kong is a financial hub for foreign investment (File/AFP)
10:13 GMT

The Sharjah Investment and Development Authority joined forces with Invest Hong Kong to increase ties and boost development between both organizations.

September 2, 2014

Emirates NBD will expand operations in Saudi, according to the company's CEO, Shayne Nelson (File/AFP)
12:03 GMT

Dubai's largest bank, Emirates NBD, is looking to increase its presence in Saudi Arabia, CEO of the company announced.

September 1, 2014

Doha Bank
14:19 GMT
(press release)

In line with its philanthropic traditions, Doha Bank is committed to helping people in their critical time of need.

“Islamic economy has become increasingly relevant in the modern world, offering new hopes of revival for the fragile global economy. "
12:18 GMT
(press release)

Research note sees key role for Sukuks over next decade in securing funds for major projects in Dubai

August 31, 2014

Al Ansari Exchange
13:46 GMT
(press release)

Al Ansari Exchange has announced the launch of India Promotion 2014—falling in line with the festive occasions of Onam and Diwali, two of the biggest festivals in India.