Banking & Finance

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Since August 5, conditions in the market have made it less worthwhile to hold shekels, because the Israeli banks were willing to pay almost 1% annual interest on dollar deposits.
August 21, 2014 - 13:20 GMT
After the cannons have stopped roaring and an arrangement between Israel and Hamas is emerging, the shekel is suddenly showing weakness.

October 6, 2011

UAE Exchange
06:53 GMT

UAE Exchange is celebrating its “Customer Service Week’’ in UAE, Kuwait, Oman, UK, USA and Canada from 3rd – 7th October, 2011.

Khalifa Fund
06:50 GMT
(press release)

Khalifa Fund for Enterprise Development today announced that its three-day annual ceremony will commence on Sunday, October 9, 2011.

October 5, 2011

Yousef Hussain Kama, Chairman QNB
13:54 GMT
(press release)

QNB Group net profit reached QR5.4 billion for the nine months ended 30 September 2011, up 30.4% on the net profit delivered in September 2010.

Emirates Money
11:09 GMT
(press release)

Emirates Money, a consumer finance company and wholly owned subsidiary of the Emirates NBD Group, announced today that the value of its loan book has reached AED 1 billion.

Saxo Bank
11:06 GMT
(press release)

The next few months will see desperate moves by policymakers to save the financial system, according to Saxo Bank.

10:28 GMT
(press release)

Mashreq, one of the UAE’s leading financial institution today announced its participation in Gitex Shopper 2011.

Al Hilal Bank
10:00 GMT
(press release)

Al Hilal Bank has been granted a Certification Service Provider (CSP) license by the UAE Telecommunications Regulatory Authority (TRA).

NCB Chief Economist, Dr. Jarmo Kotilaine
08:28 GMT
(press release)

NCB Capital discussed the future of Islamic funds industry at the 7th World Islamic Funds Conference held recently in the Kingdom of Bahrain.

Philip King, Head of Retail Banking at IBQ speaks at MEED Retail Banking
06:43 GMT
(press release)

Philip King, Head of Retail Banking at IBQ said that the retail banking sector looks healthy with strong opportunities for expansion.

October 4, 2011

Ali Sajwani, Chief Information Officer of Emirates NBD, and Nidal Abou-Ltaif, Vice President of Emerging Markets, Avaya
12:11 GMT
(press release)

Emirates NBD, announced today their strong partnership with Avaya in achieving the banks advanced IT vision in the areas of networking, unified communications and contact centres.

Yousef A. Al-Shelash, Chairman and Ikbal Daredia, acting CEO of Unicorn at Press Conference
11:39 GMT
(press release)

Unicorn Investment Bank, an Islamic investment bank licensed by the Central Bank of Bahrain, today launches its new brand identity.

Younis Haji Al Khouri, Undersecretary of MoF
10:45 GMT
(press release)

The Ministry of Finance and the National Bank of Abu Dhabi will be launching the second generation of E-dirham (G2 E-Dirham) during their participation in the Gitex Technology Week 2011.

His Excellency while receiving the award
10:25 GMT
(press release)

The Middle East Retail Banking 2011 conference honoured His Excellency Abdul Aziz Al Ghurair, CEO of Mashreq, with The MEED Leadership Award in Banking.

Miray Katerji,  Barclays Wealth, Managing Director of Strategic Solutions Group, Middle East North Africa
09:15 GMT
(press release)

Barclays Wealth, a leading global wealth manager, today announced the appointment of Miray Katerji as Managing Director of Strategic Solutions Group, Middle East North Africa.

Abdulla Al Hamli, CEO, Dubai Islamic Bank, inaugurating the new branch at Dubai Mall with Nasser Rafi, CEO, Emaar Malls Group and senior DIB executives
08:55 GMT
(press release)

Dubai Islamic Bank announced today the opening of its newest branch, located in The Dubai Mall, bringing the bank’s UAE-wide network to a total of 70 branches.