Banking & Finance

Featured Story:

Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

April 7, 2014

During the signing
12:08 GMT
(press release)

Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has entered into an agreement for an innovative new service with Emirates Group (Emirates).

Ajman Chamber honours MoF
10:47 GMT
(press release)

The Ministry of Finance organised a meeting for its partners titled ‘UAE and Gulf economic integration’ in Ajman’s Chamber of Commerce and Industry to highlight the UAE’s leading role in Gulf Common Market initiatives.

April 6, 2014

Nevine Loutfy, CEO and Managing Director of ADIB- Egypt
11:30 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB) – Egypt recently announced its financial results for the year ending 31st December 2013.

Emirates Islamic
08:55 GMT
(press release)

Emirates Islamic announced the launch of a new-to-market Takaful-backed savings plan in partnership with Dubai Islamic Insurance & Reinsurance Company (AMAN).

Tirad Al Mahmoud, Chief Executive Officer of ADIB
08:15 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB) today announced that it had signed an agreement to acquire the retail banking business of Barclays Bank in the United Arab Emirates (UAE).

Al Hilal Bank
05:47 GMT
(press release)

Sheikh Zayed Bin Hamdan Bin Zayed Al Nahyan inaugurated the 6th Al Hilal Auto Festival – Family Edition on Thursday, April 3, 2014 at the Beach Car Parking area of the Abu Dhabi Corniche.

April 3, 2014

Hani Ashkar, PwC Middle East Senior Partner
12:50 GMT

PwC is pleased to announce today the successful completion of its combination with Booz & Company.

Mashreq launches Tap n Go
12:43 GMT
(press release)

Continuing its innovation stride and complementing the Bank’s many technology-led achievements, UAE’s leading financial institution Mashreq pioneers another UAE first with the launch of Tap n Go.

MasterCard
12:12 GMT
(press release)

MasterCard reported a growth of 40% in gross dollar volume, or GDV, for its prepaid card business across Asia/Pacific, Middle East & Africa (APMEA) for 2013 (y-o-y).

Ali Soner Guney, the Fixed Income Fund Manager at NBAD Asset Management Group
09:11 GMT

The National Bank of Abu Dhabi’s NBAD Cautious Income Fund will pay to its investors a semi-annual distribution equal to 3.4% of the net asset value (NAV) unit of 5.3615, being the NAV as at March 27, 2014.

April 2, 2014

Saif Al Mansoori, Deputy Head – Group Marketing and Branding at Emirates NBD, receiving the award on behalf of the bank
13:16 GMT
(press release)

Emirates NBD announced that it has won the ‘Best Sports Marketing Campaign’ award at the recently held Sports Industry Awards (SPIAs), a leading sports-dedicated awards ceremony in the Middle East.

NBAD Ambassadors
13:08 GMT

The National Bank of Abu Dhabi’s Ambassadors returned home from their expedition to Antarctica, the southernmost continent in the world, with a mission to promote awareness about the environment and sustainability.

During the event
12:22 GMT
(press release)

the Ministry of Finance (MoF) recently launched a training programme for its internal auditors on three quality management systems: environmental, occupational safety and health management.

April 1, 2014

UAE Exchange
12:19 GMT

Global leader in remittance and foreign exchange, UAE Exchange, today said that in 2013 it remitted around US$14 billion from UAE, largely to South Asia.

National Bank of Fujairah
07:21 GMT
(press release)

National Bank of Fujairah (NBF) PJSC today announced that it has received a Baa1/Prime-2 deposit rating from Moody’s and a BBB+/A-2 rating from Standard & Poor’s (S&P).