Banking & Finance

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Banks all over the world are being excessively cautious as regulators have been imposing huge fines that hit their bottom line.
October 29, 2014 - 04:55 GMT
One of the biggest problems facing small and medium enterprises starting a business in Dubai these days is opening a local bank account.

October 12, 2011

Al Hilal Bank receiving the award
12:12 GMT
(press release)

Al Hilal Bank, a progressive Islamic bank, was officially awarded the Certification Service Provider (CSP) license by the Emirates eGovernment during simple ceremonies.

Kuwait International Bank
11:04 GMT
(press release)

Kuwait International Bank (KIB) presented its competitive range of Shariah-compliant banking products and services to staff and visitors of the Public Authority for Industry at its temporary booth on the authority’s premises.

Al Ansari Exchange
10:03 GMT
(press release)

Al Ansari Exchange has revealed its donation of a school bus to the Safe Center for Exceptional Abilities (SCEA), a non-profit organization established to help children with Asperger’s Syndrome and High-Functioning Autism.

Graduates of Mashreq Al Mustaqbal
09:29 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions announced the graduation of the latest group of UAE Nationals from Mashreq Al Mustaqbal management training program.

Burgan Bank
09:11 GMT
(press release)

Burgan Bank today announced Ms. SWANI TANDON as the winner of the Burgan Value Account draw. The lucky winner took home cash prize equivalent to 4,000KD.

Ibrahim Dabdoub, NBK’s Group Chief Executive
07:04 GMT

National Bank of Kuwait, the largest Kuwaiti bank and the highest-rated in the Middle East, reported net profits of USD 819 million (KD 225.6 million) for the first nine months of 2011.

October 11, 2011

Younis Haji Al Khouri, Undersecretary of MoF
11:43 GMT
(press release)

In line with the UAE’s efforts to enhance global financial relations, the Ministry of Finance (MoF) recently signed a double taxation avoidance agreement with Switzerland.

Burgan bank at Introduction to Kuwait Exhibition
11:27 GMT
(press release)

Burgan Bank has recently sponsored the British Business Forum’s (BBF) exhibition, “Introduction to Kuwait”, which was held on the 7th of October at the Hilton Kuwait Resort.

Malek Kanawati, CEO, Mubasher
10:34 GMT
(press release)

Mubasher, has launched a new mobile application that will allow iPhone users in the UAE to access and use its leading stock exchange services.

Tariq Linjawi, NCB Capital’s Head of Wealth Management
07:55 GMT
(press release)

It’s no secret that investing in mutual funds is a great investment tool when thinking of investing part of your disposable income.

George Nasra, Managing Director, IBQ
06:42 GMT
(press release)

IBQ announced today the opening of a new branch at Lagoona, Qatar’s newest retail destination strategically located at the heart of the prime Lusail district.

October 10, 2011

HH Sheikh Mohammed bin Rashid Al Maktoum launches the Second Generation of the E-Dirham and unveils new logo during GITEX
13:50 GMT
(press release)

HH Sheikh Mohammed bin Rashid Al Maktoum launched the second generation of the E-Dirham (G2 E-Dirham) and unveiled the new logo for the system during GITEX Technology Week 2011.

The G2 E-Dirham aims to provide a flexible e-payment system for government bodies in the UAE through offering secure channels to encourage customers to use credit cards and electronic transfers for payments
12:36 GMT
(press release)

Federal Ministries in the UAE have begun implementing the second generation of the E-Dirham within their entities as announced during a press conference.

During the panel discussion
10:55 GMT
(press release)

Mashreq Al Islami, the Islamic banking division of Mashreq announced its role as an Associate Sponsor of the International Summit on Islamic Corporate Finance 2011.

Philipp E. Baertschi, Chief Strategist at Bank Sarasin
10:26 GMT
(press release)

The Global View investment outlook for the fourth quarter of 2011 published by Bank Sarasin sees the global economy on the brink of recession.