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 3, 2011

National Bank of Kuwait
10:37 GMT

The Ministry of Finance has recently approved a record budget of KD 19.4 billion for fiscal year 2011/12 (FY11/12) which started last April.

During Zain visit
07:14 GMT
(press release)

Burgan Bank announced today that it has visited the head office of Zain, the largest mobile network in Kuwait, to introduce its accounts as well as its services to their employees.

August 2, 2011

Amer Matouk, Head of Consumer Banking in Jordan delivers the award
13:07 GMT
(press release)

Arab Bank has recently announced the latest winners in its ongoing Arabi Online internet banking service promotions for customers who pay their utility bills and credit card balances online.

Mahmood Al Aradi, the Senior General Manager of NBAD’s Financial Markets Division
12:02 GMT

NBAD and ADIB executed the GCC’s first ever Islamic equivalent of the conventional Repo product, a collateralized Murabaha transaction.

Yahya A. Alyahya, GIB’s Chief Executive Officer
09:46 GMT

The international credit rating agency Moody’s Investors Service has affirmed Gulf International Bank’s (GIB) long-term foreign currency deposit rating of A3.

Abraaj Capital
08:28 GMT
(press release)

Abraaj Capital, the leading private equity and alternative asset management group in the Middle East, North Africa and South Asia, today issued its first integrated sustainability report.

August 1, 2011

Thahabi World MasterCard card
12:49 GMT

National Bank of Kuwait issued the 10,000th Thahabi World MasterCard card that the bank launched exclusively for its Thahabi clients two years ago.

Part of the campaign
11:46 GMT
(press release)

The Ministry of Finance (MoF) recently held an Osteoporosis awareness campaign urging participants to undergo regular medical checkups at its headquarters in Dubai.

Jamal bin Ghalaitha, Group Deputy CEO, Emirates NBD
10:21 GMT
(press release)

Emirates NBD Asset Management Limited announced high dividend distributions on its income range of funds for the first half of 2011.

Gulf Finance House
10:11 GMT
(press release)

Gulf Finance House (GFH), in partnership with Gürmen Group, has acquired Adabank in Turkey for US$ 75 million

09:43 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions announced the launch of its Ramadan Drive in association with Beit Al-Khair Society, a humanitarian beneficial entity established in 1989.

ADIB Stand
09:42 GMT
(press release)

Abu Dhabi Islamic Bank announced today the launch of its Financial Health Check program as part of its financial education campaign in the UAE.

Mohammed AlMazemi, General Manager Branch Sales and Services, Standard Chartered UAE
08:54 GMT
(press release)

Standard Chartered has announced that it has been awarded “Best Consumer Internet Bank – UAE” and “Best in Social Media – Regional Sub-category winner”.

July 31, 2011

Muneera Al Mukhaizeem, Burgan Bank’s Chief Retail Banking Officer, General Manager
14:06 GMT
(press release)

Burgan Bank announced today an exclusive tie up for its debit and credit cardholders which offers a wide range of discounts on cosmetic, fragrances, kitchen and household wares from Fayasel.

Majed Essa Al-Ajeel, Burgan Bank’s Chairman
13:26 GMT
(press release)

Burgan Bank today announced first half 2011 net profit of KD 25.3 million for the period ended June 30th 2011.