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.

April 12, 2012

UAE Exchange
09:34 GMT

UAE Exchange joins hands with Cozmo Travel to provide a new payment option for their online bookings.

April 11, 2012

Deon Vernooy, Senior Executive Officer, Emirates NBD Asset Management
11:32 GMT
(press release)

Emirates NBD Asset Management announced that its Emirates MENA Fixed Income Fund had moved to daily trading from March 13, 2012, making it the largest MENA fixed income fund available in the region, with a fund size of US$ 51.6 million.

Philipp E. Baertschi, Chief Strategist at Bank Sarasin
09:38 GMT
(press release)

The latest Global View published by Bank Sarasin Research on the economic outlook predicts that both the USA and Euroland will revert to a growth path in the second quarter of 2012.

Bank Aljazira
05:44 GMT

Bank AlJazira announces financial results for three months.

April 10, 2012

Mustafa Abdel-Wadood, Chief Executive Officer, Abraaj Capital
11:56 GMT
(press release)

Abraaj Capital, and Kuwait Energy, announced an Agreement in which Abraaj Capital’s APEF IV Fund would support a strategic investment in Kuwait Energy.

The IMF says the cash is dependent on broad political backing for the plan
11:21 GMT

Khairat Al Shater, who is in the running for the Muslim Brotherhood's Freedom and Justice Party, signal the struggle that negotiators face to win political support for the funding bid.

Muneera Al Mukhaizeem, Burgan Bank’s Chief Retail Banking Officer- General Manager
10:50 GMT
(press release)

Burgan Bank announced today that it has officially launched its own iPhone application.

His Highness Sheikh Maktoum bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai presents the award to Rohit Walia and Sameena Ahmad
06:10 GMT
(press release)

His Highness Sheikh Maktoum bin Mohammed Bin Rashid Al Maktoum, presented the “Sheikh Mohammed Bin Rashid Al Maktoum Patrons of the Arts” award to Alpen Capital and Bank Sarasin-Alpen on 9th April 2012.

April 9, 2012

Arab Bank, Zikra Initiative
13:12 GMT
(press release)

As part of Arab Bank’s corporate social responsibility program together employees participated in Zikra Initiative’s Exchange Tourism activity at the Dead Sea’s Ghor Al Mazra’a area.

During the agreement
13:01 GMT
(press release)

Burgan Bank announced that it has entered into an agreement with Eurobank EFG to acquire a 99.26% stake in Eurobank Tekfen, Turkey.

Jordan, Syria, Iraq and Sudan also featured in the ranking with one billionaire each
12:21 GMT

The Kingdom of Saudi Arabia and Lebanon record the highest number of billionaires, Prince Alwaleed Bin Talal Alsaud tops the Arab billionaires list with a fortune of US$18 billion.

11:16 GMT

Mashreq announced the launch of its Mobile Banking for Google Android devices.

HH Sheikh Mohammed bin Hamad Al Sharqi Inaugurates ADIB's 70th Branch in Fujairah
08:08 GMT
(press release)

Abu Dhabi Islamic Bank announced the expansion of the bank's reach to more locations in the UAE with the opening of its 70th branch at Fujairah City Center bringing the number of ADIB branches in the Northern Emirates to 15 branches.

April 8, 2012

During the visit
07:52 GMT
(press release)

HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, received a French Parliamentary delegation at MoF’s headquarters.

07:16 GMT
(press release)

INVESTBANK announces the launch of its Visa Platinum Card, in an effort to provide an extensive array of exclusive financial products and benefits that cater to a select target group.