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

May 1, 2012

Nimish Dwivedi, Head of Payments at Mashreq
12:03 GMT
(press release)

Mashreq, one of the leading financial institutions in the UAE has launched an exciting program to tingle customers’ taste buds.

HE Hamad Buamim, Director General of Dubai Chamber of Commerce & Industry with Rohit Wallia, Executive Chairman & CEO
09:37 GMT
(press release)

Alpen Capital and Bank Sarasin-Alpen were recognized with the Dubai Chamber CSR label for their best in class practices in the areas of sustainability and CSR impacting employees, clients, community and the environment.

April 30, 2012

Mazin Al Nahedh, General Manager NBK
10:30 GMT

National Bank of Kuwait is kicking off its annual summer campaign offering its customers the chance to win an astonishing 2012 McLaren MP4-12C super car as well as up to KD 180,000 in cash prizes.

During the opening ceremony
10:03 GMT
(press release)

HE Sami Al Qamzi, Director General of Dubai Department of Economic Development (DED), officially opened the new branch of Sharjah Islamic Bank on Sheikh Zayed Road.

Mr. Jean Claude Farah, Western Union Senior Vice President Middle East and Africa
09:55 GMT
(press release)

The Western Union Company, a leader in global payment services, announced it has opened the 500,000th Agent location through which it provides its expanding portfolio of financial services.

PwC
07:59 GMT
(press release)

Initial Public Offering activity began to show early signs of recovery towards the end of Q1 2012 in the six nation Gulf Corporation Council stock markets.

How women succeed book signing
05:44 GMT
(press release)

The signing of the book How Women Succeed Inspiring women to create their own success sponsored by IBQ, attracted a curious and enthusiastic crowd at Virgin Megastore in Villagio Mall.

His Excellency Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of Dubai Islamic Bank
05:25 GMT
(press release)

Dubai Islamic Bank (DIB) announced today its financial results for the three months ending March 31, 2012, demonstrating the bank’s sustained growth across its core operations.

April 29, 2012

Burgan Bank
10:58 GMT
(press release)

Burgan Bank announced the names of the five lucky winners of its Yawmi account draw.

Vikas Thapar, Head Business Banking, Emirates NBD
10:57 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today that it was the preferred banking partner for 37 of the 100 top performing SME organisations in Dubai.

Trading Turnover and Volume on the BFX Futures
10:07 GMT
(press release)

The Bahrain Financial Exchange proudly announces achieving a key milestone with the cumulative (single-side) trading turnover value crossing the USD 1 billion.

PwC
06:33 GMT
(press release)

PwC acted as the lead sell-side advisor to shareholders representing together a 77.8% interest in Damas International (the Company or Damas), the leading Middle East jewellery and watch retailer.

April 26, 2012

Emirates NBD, Dubai Police Tie-up
09:04 GMT
(press release)

Emirates NBD, further strengthened its long-term relationship with Dubai Police, with a series of exclusive offers on its banking products and services for Dubai Police staff.

Lebanese banks have increased their provisions against non-performing loans following the events in Syria and Egypt
08:00 GMT

Central Bank Governor Riad Salameh said Wednesday that Lebanese banks have amassed provisions to protect their equities which are not subject to prohibitions.

National Bank of Abu Dhabi
07:35 GMT

NBAD has joined Emirates Wildlife Society in cooperation with the World Wide Fund for Nature in celebrating Earth Day on April 22nd and World Turle Day on 23rd 2012.