Banking & Finance

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The move has been a long time coming. Saudi authorities have slowly unrolled a plan to liberalise the market spanning a decade, and pursued a long- term reform agenda.
reign investors are salivating at the prospect of investing in Saudi Arabia’s well developed but frontier market with a string of world-class companies that have remained largely out of the portfolio of global fund managers.

February 8, 2012

Dubai Financial Services Authority
09:07 GMT
(press release)

The Dubai Financial Services Authority (DFSA) announces, today, the results of a recent stakeholder perception survey of the DFSA

Visual Instant Card Issuance
05:58 GMT
(press release)

Gemalto, announces that Al Rajhi Bank, has completed the main phase of the Dexxis Instant Issuance deployment program for on-the-spot EMV card delivery.

February 7, 2012

Burkhard P. Varnholt, Chief Investment Officer of Bank Sarasin & Co.
09:45 GMT
(press release)

In the current issue of “Perspectives”, Burkhard P. Varnholt, examines the non-linear, interconnected forces, economic, political, demographic and scientific, that pose the greatest historical theme of our time.

Abu Dhabi Islamic Bank
08:48 GMT
(press release)

Abu Dhabi Islamic Bank announced that it had closed a AED 275 million (USD 75M) syndicated Islamic financing facility for JBF RAK LLC, a subsidiary of JBF Industries.

During the meeting
05:33 GMT
(press release)

The Ministry of Finance recently held its annual meeting with a number of development and training centres, to better familiarize itself with the different training partners available in the UAE.

February 6, 2012

Abdel Hamid Shoman, Chairman of the Board
12:12 GMT
(press release)

Arab Bank Group achieved favorable results in 2011 despite the challenging general conditions in the Arab region and other areas of the world and in particular the euro zone.

BFC - Red Shop Branch opening ceremony
10:47 GMT
(press release)

MoneyGram International has teamed with Bahrain Financing Company, the Kingdom's oldest money transfer and foreign exchange group, to open a dedicated MoneyGram location in the Manama Souq.

Paul Volcker, the Former Chairman of the US Federal Reserve System and economic advisor to President Barack Obama, on February 29
10:16 GMT

The 2012 Global Financial Markets Forum (GFMF) will kick start with a keynote address by Paul Volcker.

Gary Dugan, Chief Investment Officer-Private Banking, Emirates NBD with Mark McFarland,Emerging Markets Economist, Emirates NBD
06:32 GMT
(press release)

Emirates NBD forecasts a 3.8 per cent growth in Saudi GDP in 2012, backed public sector spending, even as the global economy continues to lose momentum.

During the talent show
06:08 GMT
(press release)

IBQ sponsored the Catwalk Talents Event, a talent and fashion show held at Katara Cultural Village on February 3, 2012 and organized by Stenden University and Smile Events.

February 5, 2012

Abu Dhabi Islamic Bank
11:58 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB), has announced that customers are now able to check their balance and top up Salik accounts using the ADIB *161# Mobile Banking service.

Rick Pudner, CEO of Emirates NBD
07:15 GMT
(press release)

Emirates NBD announced today that it will once again serve as the co-sponsor, Official Bank and Caddy Bid Sponsor for the forthcoming Omega Dubai Desert Classiؤز

George Nasra, Managing Director of IBQ
07:11 GMT
(press release)

IBQ reported a 25% rise in net profits to QAR 573 million for the year ending 31 December 2011. The figure compares with profits of QAR 458 million recorded in the previous year.

National Bank of Abu Dhabi
06:15 GMT

The National Bank of Abu Dhabi has opened its 29th branch in Egypt in line with the Bank's strategy to expand its branch network in Egypt to 50 branches by 2015.

Alan Durrant, the Group Chief Investment Officer of NBAD and General Manager of Asset Management Group receives the award
05:27 GMT

The National Bank of Abu Dhabi’s Asset Management Group has been named the UAE Asset Manager of the Year in MENA Fund Manager Performance Awards, presented by Mena Fund Manager magazine.