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The survey also revealed that the main reason for obtaining a loan is to a buy a car
About 34 per cent of national household heads reported that they continuously changed their mobile phones.

April 9, 2014

First Gulf Bank
12:13 GMT
(press release)

First Gulf Bank (FGB), one of the leading banks in the UAE, has announced the launch of a new ‘Insta’ product range from its Bancassurance department.

Emirates Islamic Debit Platinum
10:05 GMT
(press release)

Emirates Islamic unveiled its new range of Shari’a compliant MasterCard Debit Cards, which are tailored to meet the specific needs of various customer segments.

In the United Arab Emirates, where real estate prices are rising at a fast pace, the award of World Expo 2020 has further strengthened growth prospects
07:36 GMT

The International Monetary Fund (IMF) has revised the UAE’s 2014 GDP forecast to 4.4 per cent on the back of rising real estate prices and the Expo 2020 win.

While revenues of banks in Qatar grew by 20 percent and banks in the UAE are back to double-digit growth overall, Saudi, Omani and Bahraini banks are experiencing single digit growth rates.
03:55 GMT

Again, the performance of Middle East banks clearly exceeded that of their international counterparts, a number of which experienced further revenue declines in 2013.

April 8, 2014

Dubai Islamic Bank annual Performance Excellence Awards
12:14 GMT
(press release)

Dubai Islamic Bank (DIB) held its annual Performance Excellence Awards (PEA) ceremony to recognise and reward its employees for their effort in achieving the highest standards in organisational excellence.

08:16 GMT
(press release)

Mashreq Al Islami, the Islamic banking division of Mashreq continued to strengthen its Islamic Products arm with the launch of its flagship Islamic Equity Fund, Al Islami Arab Tigers Fund.

April 7, 2014

Egypt’s foreign reserves rose to $17.414bn in March from $17.307bn in February, the Central Bank said on Monday.
20:01 GMT

Egypt aids are lifted by billions and billions of Gulf aid.

Andre Sayegh, CEO of First Gulf Bank
12:27 GMT
(press release)

First Gulf Bank (FGB), one of the leading banks in the UAE, has announced that Hana Al Rostamani has been appointed as Head of Consumer Banking Group.

During the signing
12:08 GMT
(press release)

Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has entered into an agreement for an innovative new service with Emirates Group (Emirates).

Ajman Chamber honours MoF
10:47 GMT
(press release)

The Ministry of Finance organised a meeting for its partners titled ‘UAE and Gulf economic integration’ in Ajman’s Chamber of Commerce and Industry to highlight the UAE’s leading role in Gulf Common Market initiatives.

April 6, 2014

Nevine Loutfy, CEO and Managing Director of ADIB- Egypt
11:30 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB) – Egypt recently announced its financial results for the year ending 31st December 2013.

Emirates Islamic
08:55 GMT
(press release)

Emirates Islamic announced the launch of a new-to-market Takaful-backed savings plan in partnership with Dubai Islamic Insurance & Reinsurance Company (AMAN).

Tirad Al Mahmoud, Chief Executive Officer of ADIB
08:15 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB) today announced that it had signed an agreement to acquire the retail banking business of Barclays Bank in the United Arab Emirates (UAE).

Al Hilal Bank
05:47 GMT
(press release)

Sheikh Zayed Bin Hamdan Bin Zayed Al Nahyan inaugurated the 6th Al Hilal Auto Festival – Family Edition on Thursday, April 3, 2014 at the Beach Car Parking area of the Abu Dhabi Corniche.

April 3, 2014

Hani Ashkar, PwC Middle East Senior Partner
12:50 GMT

PwC is pleased to announce today the successful completion of its combination with Booz & Company.