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

March 21, 2012

Banks and financial institutions which fail to abide by these measures may be the target of sanctions by the U.S. and Europe
07:01 GMT

Lebanese officials and banks assured a senior U.S. official that Lebanon was fully committed to all financial sanctions on Syria and Iran.

Dubai Islamic Bank general meeting
06:50 GMT
(press release)

Dubai Islamic Bank announced that the assembly has approved the distribution of a 12.5 per cent cash dividend for the year 2011, with the concurrence of the Central Bank of the U.A.E.

March 20, 2012

BFC Think Pink
12:32 GMT
(press release)

Bahrain Financing Company has recently hosted an educational lecture by Think Pink Bahrain founder, Ms Julie Sparkel for its staff members.

Fawzi Dajani, NBK London CEO
10:37 GMT

National Bank of Kuwait International (NBK London) provides real estate services in London to allow customers to easily own, rent and lease properties with legal consultations in the UK.

During the event
10:29 GMT
(press release)

Royal Ranches Marrakech has recently received a delegation representing some of GFH’s board members to assess progress on the development.

One NBAD Tower, the Bank Head office in Abu Dhabi
09:32 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, is lead sponsor of the UAE Global Investment Forum to be held on Wednesday March 21st, 2012, in Emirates Palace in Abu Dhabi.

Lending is likely to remain muted in the UAE as banks are likely to keep large liquidity buffers to meet any contingencies
07:32 GMT

UAE is expected to experience a continued credit squeeze although the local banks have reported a significant reduction in the non-performing loan (NPL) ratios.

March 19, 2012

Arshad Khan, Managing Director and Chief Executive Officer of the BFX
12:47 GMT

The Bahrain Financial Exchange is pleased to announce the launch of a series of educational workshops titled Understanding the Financial Derivatives Markets from Theory to Practice for university students in the Kingdom of Bahrain.

Haneen Al Rumaihi, Head of Marketing Unit at Burgan Bank
09:23 GMT
(press release)

Burgan Bank announced the launch of a new innovative rewards discount scheme that aims at providing more value to its Premier Banking customers experience.

During the media roundtable
05:49 GMT
(press release)

The UAE and South Korea exemplify the growth of Middle East-Asia trade and investment flows and the evolution of relationships between the two regions, according to Standard Chartered executives.

March 18, 2012

During the NBF Annual Ordinary General Meeting
10:30 GMT
(press release)

National Bank of Fujairah held its Annual Ordinary General Meeting today at Al Diar Siji Hotel in Fujairah, United Arab Emirates.

Shaker Zainal, Head of Distribution, Mashreq
09:43 GMT

Building on the success of the UAE’s first ever initiative to open account and issue chip-enabled debit cards in just 30 minutes, Mashreq announced the extension of its instant banking service to 15 branches.

NCB Capital
09:18 GMT

NCB Capital, Kingdom’s largest asset manager and leading wealth management company, expects that loan growth for Saudi banks to continue strong in 2012 as they focus on retail lending.

Al Ansari Exchange
08:55 GMT
(press release)

Al Ansari Exchange has announced a new partnership with Islamic Finance House across its branches whereby IFH will issue labour guarantees for companies.

08:16 GMT

Capital Intelligence affirmed National Bank of Kuwait’s (NBK) long and short-term Foreign Currency Ratings at “aa-“ and “a1+”, respectively, and its Financial Strength Rating (FSR) at “a+”.