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

November 20, 2011

Bahrain Financial Exchange
11:13 GMT
(press release)

The Bahrain Financial Exchange is pleased to announce that Al Baraka Banking Group has become a registered user of Bait Al Bursa, the Islamic finance division of the BFX.

Jones Lang LaSalle
10:55 GMT

Jones Lang LaSalle MENA has today announced a Memorandum of Understanding (MoU) with Heriot-Watt University Dubai to support its Real Estate Management and Development Masters degree course.

Vikram Krishna, Head, Group Marketing, Emirates NBD
10:32 GMT
(press release)

Emirates NBD, announced today that its Priority Banking Division will be the exclusive sponsor for the exceptional contest titled: “Sing like a star with AR Rahman,” to be held on December 9, 2011.

National Bank of Kuwait
10:25 GMT

The US Dollar surged against its major counterparts throughout the week as uncertainty and fear of contagion drove investors to sell risky assets.

08:47 GMT, the largest online payment gateway in the Arab World and North Africa, win the Saudi's Digital Excellence Award for Finance and Business websites from Ministry of Communications and Information Technology (MCIT).

Standard Chartered Bank
07:39 GMT

The Standard Chartered Dubai Marathon has unveiled a new route that will take the world’s richest long distance running race back into the heart of the city.

06:58 GMT
(press release)

The GCC initial public offering (IPO) market continues to remain sluggish with only two listings in the region in the third quarter of 2011 as compared to the three in the second quarter, says PwC.

Simon Vaughan Johnson, Chief Executive of HSBC Kuwait
06:24 GMT
(press release)

For the third consecutive year, HSBC Kuwait has been awarded Euromoney's prestigious country award as Best Cash Management Bank in Kuwait 2011.

Little League of De La Salle College
05:57 GMT
(press release)

As part of its continuous efforts to support the Kingdom’s youth, Jordan Ahli Bank recently sponsored the Little League Football Tournament hosted at the De La Salle College athletic facilities.

Sameer Abdi, the new Transaction Advisory Services (TAS) practice in Qatar, Ernst &Young
05:54 GMT
(press release)

Ernst & Young has announced the appointment of Sameer Abdi to lead its Transaction Advisory Services (TAS) practice in Qatar.

HE the Bahrain Minister of Culture with Mazin Khoury, COO and William Keliehor, CEO American Express Middle East
05:40 GMT
(press release)

Plans for the restoration of Bab Al Bahrain (Gateway of Bahrain) were unveiled.

November 17, 2011

Standard & Poor's
07:56 GMT

Standard & Poor's Ratings Services said today that issuers in the Gulf Cooperation Council (GCC) countries face rising refinancing risks over the next three years.

06:50 GMT
(press release)

Visa, has joined forces with Bank al Etihad, to launch the first Visa Business Card in Jordan.

November 16, 2011

Saxo Bank Headquarters
10:50 GMT
(press release)

Saxo Bank won the award for Best Active Trading Tools at the annual Shares awards Thursday night in London.

Artist Marie-Josée Primeau
09:32 GMT
(press release)

Ernst & Young today announced its sponsorship of UAE resident and Canadian artist, Marie-Josée Primeau, the signature artist at the Abu Dhabi Art Fair 2011.