Banking & Finance

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Conversions of conventional banks into Islamic ones are rare but not unprecedented.
October 23, 2014 - 17:41 GMT
The Council of Senior Scholars, said investing in NCB's share offer was not permissible because too much of its business was non-Islamic.

June 26, 2014

Gulf Capital Wins Golden Award of Excellence
08:17 GMT
(press release)

Gulf Capital received the Golden Award of Excellence in Corporate Social Responsibility (CSR) at the prestigious fourth annual event organised by the Arab Organization for Social Responsibility.

NCB Capital
07:35 GMT
(press release)

NCB Capital continues to believe that improvement in demand, mainly from advanced economies, and higher operational efficiencies will drive the sector’s 2014 and 2015 expected growth.

Alex Thursby, the Group Chief Executive Officer of NBAD
07:18 GMT

The National Bank of Abu Dhabi (NBAD) has successfully executed the UK government’s debut Sukuk issue in its capacity as Joint Lead Manager and Joint Bookrunner.

Shayne Nelson, Group CEO at Emirates NBD
05:25 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today that it has crossed the 200,000 mark for fans on its official Facebook page.

June 25, 2014

The fact is that salaries are not increasing by 10 per cent, 25 percent or 100 per cent a year.
13:48 GMT

Rents in this locale have increased on average by 100 per cent over the last year.

During the event
12:28 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today launched the “Emirates Islamic Cash Back Card,” offering cardholders up to 10 per cent cash back, on spends.

“Investors get scared, but more than that, people who provide them leverage get scared,” Mohindra said.
11:56 GMT

Saudi Stock Exchange (Tadawul), the Middle East's largest bourse that is planning to go public, reported a 37 percent drop in 2013 net profit, its first ever financial disclosure showed on Tuesday

Al Hilal Bank
11:53 GMT
(press release)

Al Hilal Bank, a progressive Abu Dhabi –based Islamic bank, has announced that it will be conducting a special ‘Jood Bil Khair’ (‘do good’) campaign this coming Ramadan.

Gary Dugan, NBAD’s Global Private Banking Chief Investment Officer & Head of Investment Strategy
10:43 GMT

The National Bank of Abu Dhabi (NBAD) has appointed Gary Dugan as its Global Private Banking Chief Investment Officer & Head of Investment Strategy.

09:36 GMT
(press release)

The Chartered Institute of Management Accountants (CIMA) today announced the renewal of its longstanding partnership with Talal Abu Ghazaleh Professional training group.

VISA Manhattan Platinum Credit Card
09:07 GMT
(press release)

Standard Chartered launched today the VISA Manhattan Platinum Credit Card, which has been designed to complement the lifestyle of the young, entertainment focused and affluent segment in the UAE.

During the event
07:37 GMT

UAE Exchange has been voted as ‘Brand of the Year’ by Superbands, owing to its supremacy in the market, longevity and customer loyalty.

June 24, 2014

Prime Minister Recep Tayyip Erdoğan has been voicing his disapproval of the central bank since late January,
23:26 GMT

The comments came a day before the central bank was scheduled to meet and decide upon a potential rate cut.

The major part of the financing, US$ 304 million, went to the energy sector - US$ 220 million for a Power Grid Extension Project in Bangladesh, and US$ 83.75 million for 132 KV Mirama-Kable Transmission Line and Distribution Project in Uganda.
14:07 GMT

Governors of the Islamic Development Bank (IDB), approved US$ 447.6 million towards financing several new development projects in a number of member countries

Nimish Dwivedi, Head of Payment at Mashreq
05:25 GMT
(press release)

Leading UAE financial institution, Mashreq announced exciting offers during the Holy Month of Ramadan for their cardholders.