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.

August 16, 2011

Andalusian villa in Phase III of Bawabat Al Sharq
09:59 GMT

Baniyas Investment and Development Company, rewards customers of the spectacular Andalusian villas in Phase III of Bawabat Al Sharq by offering Gold Bars for every purchase throughout the holy month.

Towers Watson
09:24 GMT
(press release)

Alternative assets managed on behalf of pension funds by the world’s largest managers grew 16% in 2010 to US$952bn (from US$817bn in 2009), according to global research produced by Towers Watson.

Al Ansari Exchange
08:31 GMT
(press release)

Al Ansari Exchange opened its newest branch in Dubai International Airport-Terminal 1 departure area.

Abdul Raheem Al-Awadhi, the Executive Manager of Operations Department, Kuwait International Bank
07:20 GMT
(press release)

Kuwait International Bank announced its SWIFT application upgrade of the latest banking communications technology as per CBK directives.

August 15, 2011

Aabed Al-Zeera, Chief Executive Officer of International Investment Bank
11:49 GMT
(press release)

International Investment Bank announced its fourth year consecutive dividend distribution to its investors in IIB Automotive Ltd (IAL).

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance
11:31 GMT
(press release)

The UAE has announced that it will be hosting the exceptional meeting for the Council of Arab Ministers of Finance in Abu Dhabi on 7 September, 2011.

Jamal Bin Ghalaita, Group Deputy CEO, Emirates NBD
11:00 GMT
(press release)

Emirates NBD announced today that it has won the top award for ‘Marketing Department of the Year’ at the eighth annual International Business Awards, also known as the Stevies.

10:30 GMT
(press release)

Mashreq announced two new exciting offers, which include a Home Loan buyout campaign offer and a double value offer.

Rohit Walia, Executive Vice Chairman & CEO, Alpen Capital Group
09:14 GMT
(press release)

Alpen Capital has received approvals from the Capital Market Authority, Sultanate of Oman to provide advisory services in Islamic structures.

Jamal Al-Hazeem, CEO, BMI Bank with Staff
07:40 GMT
(press release)

Bahraini retail and commercial banking institution, BMI Bank hosted a Ramadan ghabga gathering for its Ayadi Savings Scheme customers as well as members of the media at the Regency Inter-Continental Hotel.

August 14, 2011

During Do Good Deeds in the Month of Charity campaign
13:54 GMT
(press release)

IBQ kick-started its annual “Do Good Deeds in the Month of Charity” campaign aimed at encouraging teamwork for the welfare of the community and volunteer support.

12:44 GMT
(press release)

Tamkeen launched a dedicated call centre to serve customers of the Enterprise Development Support Programme. The centre went live as of August 14th.

Gulf International Bank
09:19 GMT

GIB Financial Services (GIBFS), the investment banking arm of Gulf International Bank (GIB) in the Kingdom of Saudi Arabia, has rebranded its name to “GIB Capital.”

Abu Dhabi Islamic Bank
08:58 GMT
(press release)

Abu Dhabi Islamic Bank has announced today that it will postpone personal financing installments for the month of August for all customers.

NBK staff in front of the cargo plane to Somalia
08:50 GMT

National Bank of Kuwait contributed in airlifting the first cargo plane of emergency aid, foodstuffs and medical supplies as emergency relief for famine-stricken people in Somalia.