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 18, 2012

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+”.

The cash is needed to help to bolster confidence in the economy and shore up the government's increasingly shaky finances
08:13 GMT

IMF officials arrive in Cairo today as the Egyptian government seeks to seal a US$3.2 billion (Dh11.75bn) loan to help to stave off a fiscal crisis.

Faisal Aqil, General Manager-Retail Banking, Emirates Islamic Bank
06:56 GMT
(press release)

Emirates Islamic Bank announced the launch of a special housing finance campaign for customers who would like to own their dream home in “Jumeriah Park” or already own a property within the development.

Hany Samir, the Head of Custody and Co-Head of Fund Administration Services at NBAD
06:34 GMT

The National Bank of Abu Dhabi after successfully co-sponsoring the Middle East Securities Forum last year in Oman, is once again main co-sponsor to welcome Custody forum.

Burgan Bank
06:02 GMT
(press release)

Burgan Bank announced today that it has launched an online customer satisfaction poll in coordination with Service Hero Company, which aims at measuring the bank’s customers’ satisfaction levels.

Ahmed Al-Naqbi, the Head of Direct Banking & E-Development at NBAD
05:47 GMT

The National Bank of Abu Dhabi, the Number One Bank in the UAE, has re-launched its Mobile Phone Application, the one-touch banking is available for Android, BlackBerry, iPhone and all smart phones.

During the event
05:26 GMT
(press release)

Al Hilal Bank, a progressive Islamic bank, has opened the Dubai Auto Festival, the inaugural Dubai edition of the bank’s 4th Annual Auto Festival on March 15, 2012.

March 14, 2012

Dany Khalil, Senior Relationship Manager for Corporate Banking at IBQ
12:31 GMT

IBQ spoke yesterday to an elite group of Spanish businessmen sharing key insights on Qatar’s banking sector and discussing business and industry opportunities for the future.

UAE has restructured $25bn worth of debt in its flagship Dubai World conglomerate. A sovereign bond issue was expected to help the government fund its infrastructure projects
08:05 GMT

Contrary to all market expectations, the plans to issue the first federal sovereign bond have been deferred for at least two years.

His Excellency Nasser Ahmed Khalifa Alsowaidi, the Chairman of the NBAD Board
05:32 GMT

The National Bank of Abu Dhabi's annual general meeting (AGM), held today at the Emirates Palace in Abu Dhabi, approved the distribution of 30% cash dividends and 35% bonus shares to shareholders.

March 13, 2012

Al Hilal Bank
10:25 GMT
(press release)

Al Hilal Bank, a progressive Islamic bank, has announced that it will be bringing its renowned Auto Festival to Dubai from March 15 to 18, 2012 at the Jumeirah Beach Residence.

Hisham Hammoud, Chief Operating Officer and Head of Retail Banking Group
10:20 GMT
(press release)

Dubai Bank announced that it has won two awards at the 6th Annual Stevie Awards for Sales & Customer Service.

Abu Dhabi Islamic Bank
10:16 GMT

Dana Women’s Banking, Abu Dhabi Islamic Bank’s specialized banking division that caters exclusively to women in the UAE, announced that it is sponsoring the Women as Global Leaders 2012 conference.