Banking & Finance
January 12, 2015
Mashreq, today announced the launch of the Mashreq sMiles Credit Card – the first miles card in the UAE that allows customers to fly for free, instantly, with over 300 airlines including all domestic carriers of the UAE.
The National Bank of Abu Dhabi (NBAD) has appointed Omar Mehanna as Managing Director and Global Head of Merchant Banking.
January 9, 2015
Annual urban inflation has hiked to register 9.8% in December, up from 8.5% in November.
Abu Dhabi’s new financial free zone plans to base its rules on English common law, in a decision that could reduce costs and help the emirate develop stronger banking and securities market ties with neighboring Dubai.
January 8, 2015
Several companies in the United Arab Emirates have decided to hold off on initial public offers of shares because of the weakness of stock markets.
January 7, 2015
The size of expatriate remittances worldwide is about $80bn annually, according to the Director of the Migration and Remittances Unit at the World Bank (WB), Dilip Ratha
Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, has announced that it has donated AED 1 million to support the ‘Show Compassion’ campaign.
FGB, one of the leading banks in the UAE, finished 2014 with double honors from industry publication Cash Management Matters (CMM).
Mashreq has been awarded with the “Pan-Middle East - Best Regional Investment Bank”, “Best Loan House in the UAE” and “Best Local Bank in the UAE” awards by the EMEA Finance Awards 2014.
January 6, 2015
In the past two it is the Dubai Financial Market that has slumped the most in the world with a decline of more than seven per cent.
International Bank of Qatar, (ibq), has been recognised by Banker Middle East with the prestigious ‘Best Private Banking Service’ accolade in its Banking Product Awards for 2014.
Gulf stock markets extended their decline on Monday after the price of Brent crude fell below $56 per barrel.
January 5, 2015
Jordan Ahli Bank's SME Academy Unit continued its long-term training programs throughout the year, holding three consecutive workshops that tackled working with budgets, developing sales skills and market positioning.
"The decision to issue Islamic sukuk to finance part of the accumulated deficit in the government."
January 4, 2015
Business tycoon Hussein Salem has submitted a request to the Illicit Gain Authority for reconciliation with the Egyptian government and the unfreezing of his assets.