Banking & Finance

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The move has been a long time coming. Saudi authorities have slowly unrolled a plan to liberalise the market spanning a decade, and pursued a long- term reform agenda.
September 22, 2014 - 04:55 GMT
reign investors are salivating at the prospect of investing in Saudi Arabia’s well developed but frontier market with a string of world-class companies that have remained largely out of the portfolio of global fund managers.

September 10, 2014

Gulf Bank hailed the successful completion of its sponsorship of the 6th Euromoney Conference which took place on 9 September 2014 at the JW Marriott Hotel in Kuwait.
11:54 GMT
(press release)

Gulf Bank hailed the successful completion of its sponsorship of the 6th Euromoney Conference which took place on 9 September 2014 at the JW Marriott Hotel in Kuwait.

MasterCard
08:34 GMT
(press release)

Apple unveiled Apple Pay that will enable MasterCard cardholders to use their iPhone 6, iPhone 6 Plus and Apple Watch for everyday purchases.

UAE Exchange
06:43 GMT

UAE Exchange, the leading global remittance and foreign exchange brand, is now the largest followed company, in its class, on Facebook with its global fan-base touching the 500,000-milestone.

The so-called offset programme was introduced in 1992 as a way of weaning Kuwait off its reliance on oil and gaining access to new technologies and training.
04:55 GMT

Kuwait is suspending a programme under which foreign winners of big government contracts are required to invest in the local economy.

September 9, 2014

In an interview with Reuters, Global’s chief executive Maha Al Ghoneim said the company was now “debt-free” following its debt restructuring last year.
17:50 GMT

Kuwait’s Global Investment House said on Tuesday it aimed to relist its shares on the Kuwaiti bourse, after its listing was cancelled last year because of accumulated debt.

During the event
10:29 GMT
(press release)

FGB, one of the leading banks in the UAE, has launched the fourth phase of its fast-track management trainee programme, ‘Nujoom.

Abu Dhabi Islamic Bank
09:49 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB), a top-tier financial institution, has received an award for Best Treasury Services in the Middle East by EMEA Finance.

September 8, 2014

Standard Chartered
10:07 GMT
(press release)

Standard Chartered Private Equity announced the acquisition of a significant minority stake in Al Jazeera Agricultural Company through an equity investment of US$ 35 million.

07:28 GMT
(press release)

GFH would like to notify its shareholders and the markets about the acquisition of two multi-family residential properties in Houston, as part of the Diversified US Residential Portfolio, which the bank has recently agreed to acquire.

Burgan Bank
07:21 GMT
(press release)

Burgan Bank announced today the names of the lucky winners of its Yawmi account draw, each taking home a prize of KD 5,000.

The program was initiated by Mashreq Learning Systems, the Learning and Development arm of Mashreq, which designs and implement various learning courses and development initiatives.
04:55 GMT
(press release)

The UAE’s leading financial institution, Mashreq, today announced the graduation of 48 of its employees from the banks’ General Management Certificate Program.

September 7, 2014

Al Hilal Bank
06:57 GMT
(press release)

Al Hilal Bank has announced that its customers can now start using their Emirates Identity Authority (EIDA) Identity Cards for withdrawals and transfers at all Al Hilal ATM machines across the UAE.

September 4, 2014

Hong Kong is a financial hub for foreign investment (File/AFP)
10:13 GMT

The Sharjah Investment and Development Authority joined forces with Invest Hong Kong to increase ties and boost development between both organizations.

September 2, 2014

Emirates NBD will expand operations in Saudi, according to the company's CEO, Shayne Nelson (File/AFP)
12:03 GMT

Dubai's largest bank, Emirates NBD, is looking to increase its presence in Saudi Arabia, CEO of the company announced.

September 1, 2014

Doha Bank
14:19 GMT
(press release)

In line with its philanthropic traditions, Doha Bank is committed to helping people in their critical time of need.