Banking & Finance
December 9, 2014
Standard Chartered Global Research expects global growth to improve in 2015, rising to 3.4% from 2.9% in 2014, but says that confidence is crucial and will require more than just better economic indicators to drive it.
Mashreq, a leading financial institution in the UAE, has been awarded ‘SME Bank of the Year 2014’ at the second edition of the Arabian Business StartUp Awards.
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has won the “Souqalmal.com People’s Choice Award for 2014” as the most recommended bank in the UAE.
Foreign reserves reached $15.8bn at the end of November 2014, marking a $1.1bn decrease from $16.9bn in October.
December 8, 2014
While there was no fundamental reason for such a steep drop by Dubai's biggest listed property firm, the most likely explanation was a sell-off by investors.
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, commemorated the 43rd UAE National Day by organising a special ceremony held recently in Dubai.
Doha Bank recently hosted a bowling and billiards tournament for its staff members and their families as part of its year-round employee engagement program.
December 7, 2014
Standard and Poor's has lowered the outlook for Saudi Arabia to stable from positive and Oman to negative on sliding oil prices.
Sharjah Islamic Bank was awarded the Quality Assurance Certification by the Institute of International Auditors (IIA), USA branch.
Emirates NBD, a leading bank in the region, today announced the launch of a campaign offering free local transfers to any bank account in the UAE.
December 4, 2014
Doha Bank, the leading private commercial bank in Qatar, has successfully closed a Project Finance deal of KD 25 Million with Kharafi National of Kuwait.
As recently as last month, the International Monetary Fund predicted Saudi Arabia would enjoy a fiscal surplus of 1.6 per cent of gross domestic product in 2015. Now, private economists are talking of a deficit of over 1 per cent..
Emirates NBD, a leading bank in the region, paid tribute to His Highness the late Sheikh Zayed Al Nahyan, and created a calligraphy portrait of the father of the nation at Dubai Mall.
December 3, 2014
National Bank of Oman today announced the appointment of His Excellency Abdul Rahman bin Hamad Al Attiyah and Mr. Mohammed Ismail Mandani Al Emadi to the Board.
Emirates NBD, a leading bank in the region, today announced that it has extended its DirectRemit 60 seconds money transfer service to the Philippines.