Banking & Finance

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 This time round, in contrast to previous bouts of weakness in the shekel in recent times, it looks as though the trend is here to stay for a while.
"The economy is slowing down sharply," Carmeli warns, "and when you combine this with the fact that Israel is part of the global picture, it's likely that the shekel will continue to weaken."

October 2, 2011

Professor Charles Baden-Fuller
08:20 GMT
(press release)

It is perfectly possible for well established firms to innovate and develop new business models without great risk, said an expert during a talk hosted by the Capital Club Dubai.

Imperial Kiswah
07:58 GMT
(press release)

ADIB announced today that the historic, 200-year old Kiswah (covering of "Ka'aba") that was on display at Emirates Palace Hotel has now been moved to ADIB Headquarters at Al Bateen, Abu Dhabi.

Mohamed Al Bahar, National Bank of Kuwait (NBK) Chairman
07:36 GMT

NBK Chairman Mohamed Al Bahar denied today in an official statement rumors of the resignation of NBK Group Chief Executive Ibrahim Dabdoub or any senior executive at the bank.

07:33 GMT
(press release)

Mashreq, one of the leading financial institutions will be strongly present at the Middle East SME Forum 2011 in Abu Dhabi on 3 & 4 October.

06:58 GMT
(press release)

India Post and MoneyGram International, the fastest growing global money transfer company, joined hands yesterday in an official launch ceremony.

September 29, 2011

National Bank of Fujairah
12:23 GMT
(press release)

(NBF) held its Extra Ordinary General Meeting today at Al Diar Siji Hotel Fujairah, UAE, where shareholders considered and approved an amendment to the Bank’s Article of Association.

During the visit
12:14 GMT
(press release)

Ministry of Finance organized a visit to the Al Barza Club for the Elderly in Dubai today to strengthen ties between the ministry and members of the UAE community.

11:38 GMT
(press release)

23 Bahraini companies have signed up with Tamkeen’s “Tarweej” scheme to showcase their hi-tech products and services at GITEX Technology Week 2011.

Adil Mohamed won a Jaguar XF 2011 for simply using NBAD Visa Credit card during his trips abroad
11:25 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has awarded a brand new car to the winner of NBAD Visa Credit Card International Spend/Usage Campaign.

Standard Chartered Bank
09:19 GMT
(press release)

Standard Chartered employee Zakeeya Rafeea has been honoured by the Dubai Police for returning AED 150,000 that she found outside the Bank’s branch in Mankhool road.

Henry Hall, the new Managing Director
08:23 GMT
(press release)

Barclays Wealth, a leading global wealth manager, today announced a further senior appointment to its expanding ultra high net worth (UHNW) team in the MENA region.

NCB Capital
07:14 GMT
(press release)

NCB Capital, Saudi Arabia’s largest investment bank and leading GCC wealth manager, believes that lower YoY provisions will be a key factor behind strong net income growth for Saudi banks in 3Q11.

September 28, 2011

Western Union
10:42 GMT
(press release)

86% of the Arab community in the UAE considers gold to be a safe and/or useful investment option as compared to 88% of non-Arab expatriates.

During the event
09:06 GMT

National Bank of Kuwait has launched the new term of "NBK Academy" for newly hired employees.

The winner
08:44 GMT
(press release)

Kuwait International Bank today awarded the winners of its recent Ramadan 2011 Facebook competition. Each winner received a 30 KD Visa gift card.