Banking & Finance

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Saudi's Tadawul is currently dominated by local retail investors, but opening up to the international market will broaden horizons (File/AFP)
July 24, 2014 - 13:07 GMT
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.

April 24, 2014

During the AGM, ADX provided Manazel shareholders with services including the updating of shareholder information, depositing of share certificates, and providing statements of account
08:14 GMT
(press release)

Abu Dhabi Securities Exchange (ADX) has organized the Annual General Assembly of Manazel Real Estate Company, which took place on 17th April at the Dusit Thani hotel in Abu Dhabi.

Around 67 percent of DI’s total asset base is in the property sector which positions DI as a major real estate player in the UAE.
03:55 GMT

Dubai Investments, the largest investment company listed on the Dubai Financial Market (DFM), has raised the foreign ownership limit in the company from the existing 20 percent to 35 percent.

April 23, 2014

Bank Mellat, which has been in Turkey since 1982, faced restrictions in 2012 which led to a decline in its growth due to economic sanctions imposed against Iran.
23:36 GMT

Earlier this year, Turkish Prime Minister Recep Tayyip Erdogan said that he considered Iran to be “his second home” during a visit to Tehran aimed at strengthening economic ties between the neighboring countries.

April 22, 2014

HH Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum Visiting FGB’s stand
12:33 GMT
(press release)

HH Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, visited FGB’s stand at Careers UAE 2014 in Dubai today.

Careers UAE is organised by the Dubai World Trade Centre, in conjunction with TANMIA, HigherColleges of Technology and UAEUniversity
12:26 GMT

UAE Exchange has always believed in creating equal employment opportunities in the industry.

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum; Deputy Ruler of Dubai and H.E. Abdulla Ghobash; Minister of State, and officials from NBAD at the Bank stand at Careers UAE 2014
12:20 GMT

The National Bank of Abu Dhabi (NBAD) is participating in “Careers UAE 2014” which was opened today and will be concluded on 24th April.

part  of our efforts to cater the need of  our local talent, Standard Chartered has initiated its  Reduced hour Work Scheme, which will also be under the spotlight at Careers UAE 2014
09:54 GMT
(press release)

Standard Chartered has announced its participation at the 14th Careers UAE 2014 which is held from April 22 to 24, 2014 at the Dubai World Trade Centre.

April 21, 2014

International rating agency Standard & Poor’s has raised its outlook for Lebanon-based Bank Audi, BankMed and BLOM Bank to stable from negative, just a week after upgrading the outlook of Lebanon from negative to stable.
22:47 GMT

S&P attributed this revision to the ability of Lebanese banks to finance the public debt thanks to the steady flow of deposits the lenders receive each year.

For every six NBAD Stars, cardholders will receive one Etihad Guest Mile
13:44 GMT

NBAD has teamed up with Etihad Airways to offer all NBAD credit cardholders the opportunity to convert their NBAD Stars to Etihad Guest Miles.

The Value Plus Salary Transfer Package, offers premium perks for individuals with a salary of AED 20,000 and above
11:05 GMT
(press release)

Emirates Islamic announced the launch of two new feature-loaded packages, which include a bouquet of free products and additional benefits.

The Chief Executive Officer of Abu Dhabi Securities Exchange (ADX), Rashed Al Baloushi Receiving the Award
08:51 GMT
(press release)

The Chief Executive Officer of Abu Dhabi Securities Exchange (ADX), Rashed Al Baloushi, received the “Government CEO Excellence” Award.

H.E. Sheikh Abdul Rehman Bin Mohammad Bin Jabor Al-Thani, Managing Director of Doha Bank
07:10 GMT
(press release)

Net profit for the first quarter of 2014 recorded an impressive QAR 399 million as compared to QAR 395 million for the same period in 2013 showing an increase of 1%.

Xpress Money’s alliance with Emirates India International Exchange will provide its customers increased access to its services across 21 branches of the latter in UAE
07:06 GMT

Xpress Money to offer superior remittance facilities to expats residing in the country.

April 20, 2014

FGB has created a strong brand and cultural platform called ‘Be First’ that draws on FGB’s culture of  winning and being a unique bank that puts customers first
11:57 GMT
(press release)

First Gulf Bank announced the official unveiling of its new brand identity.

April 17, 2014

Ali Soner Guney; the Fixed Income Fund Manager at NBAD Asset Management Group
11:30 GMT

The National Bank of Abu Dhabi’s NBAD MENA Bond Fund will pay to its investors a semi-annual distribution equal to 1.75% for USD share class.