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

January 15, 2012

Daman Investments
11:33 GMT
(press release)

Daman Investments has announced another year of exceptional performance by its local and regional equity funds during 2011.

Gulf Bank
09:41 GMT
(press release)

Gulf Bank announced the successful installation of its new Enterprise Risk Management System from SunGard, one of the world’s leading software and technology services companies.

Dr. Yahya A. Alyahya, GIB’s Chief Executive Officer
08:54 GMT

Standard & Poor's Ratings Services (S&P) has recently affirmed Gulf International Bank’s (GIB) long-term and short-term counterparty credit ratings at BBB+ and A-2 respectively.

07:15 GMT
(press release)

Tamkeen is currently finalising plans to roll out its women economic empowerment programmes under its overall strategy.

January 12, 2012

Al Hilal Bank
10:41 GMT
(press release)

Al Hilal Bank has launched a new Plant a tree initiative in partnership with the Emirates Environmental Group.The program forms part of the bank’s commitment to promoting a greener Earth and preserving nature for future generations to enjoy.

Abu Dhabi Islamic Bank
09:38 GMT
(press release)

Abu Dhabi Islamic Bank’s announced the launch of its Capital Protected Gold Notes that can be combined with a selection of mutual funds.

January 11, 2012

12:10 GMT
(press release)

As part of its ongoing support of private sector enterprises in Bahrain, Tamkeen announced that it has set a target to serve 2,500 more business owners through its flagship Enterprise Development Support Programme.

Vikram Krishna, Head – Group Marketing and Branding, Emirates NBD
12:04 GMT
(press release)

Emirates NBD announced today that it ranked highest among banks in the Middle East in a Brand Simplicity Index published by Siegel+Gale.

10:18 GMT
(press release)

TASWEEK Real Estate Marketing & Development expects financial obligation or income versus liability to dictate real estate trends in 2012.

Dow Jones Indexes
07:11 GMT

Despite posting a gain in the final month of the year, the Dow Jones Islamic Market Titans 100 Index finished 2011 down 0.83%, according to data compiled by Dow Jones Indexes.

First Gulf Bank
06:11 GMT
(press release)

First Gulf Bank announced mandating each of Citi, HSBC, NBAD and Standard Chartered banks as Joint Lead Managers for its 5-yr USD 500 million.

January 10, 2012

First Gulf Bank
10:36 GMT
(press release)

First Gulf Bank recently held its fourth quarterly Emirati Al Awwal Draw. Mr. Fahad Ali Bilal Ali Albalooshi won the jackpot prize of AED 1 million, while Jamal Ali Ibrahim Alnuaimi won the runners up prize of AED 100,000 at the draw.

Toby Stokes, the Aviation Sector Leader for Europe, Middle East, India and Africa (EMEIA)
09:48 GMT
(press release)

Ernst & Young has announced the appointment of its leading MENA aviation expert and Partner, Toby Stokes, as the Aviation Sector Leader for Europe, Middle East, India and Africa (EMEIA).

Kevin Gardiner, Head of EMEA Investment Strategy
09:44 GMT
(press release)

The issues that dominated investment markets in 2011 will sadly not disappear immediately in 2012.

The National Bank
09:22 GMT

The National Bank of Abu Dhabi, the Number One Bank in the UAE, delivered 9.26% returns for its fixed income unconstrained institutional clients in 2011, despite tough conditions in financial markets.