Banking & Finance

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Gulf entities have provided at least $30 billion of funding, at current prices, for African infrastructure over the last decade.
November 24, 2014 - 00:30 GMT
In the year 2000, The Economist magazine famously described Africa as “the hopeless continent” on its cover.

November 10, 2014

Mr. Majed Essa Al Ajeel, the chairman of Burgan Bank
06:16 GMT
(press release)

Burgan Bank announced the receipt of all regulatory approvals for the increase in the bank’s issued and paid up capital by KD 21,600,000 distributed over 216,000,000 shares with a nominal value of 100 Fils per share.

Manganiyar event in Dubai
05:26 GMT
(press release)

Standard Chartered launched recently a comprehensive, personalised and exclusive suite of financial solutions for non-resident Indian and Pakistani expatriates living in the UAE.

The total number of cases brought against Egypt after the 25 January Revolution have reached at least seven involving demands totalling more than $20bn in compensation.
00:33 GMT

Hany Sarie-Eldin, head of Sarie-Eldin and Partners Legal Advisors, said the move will thwart the government’s efforts to revive confidence in the economy.

November 9, 2014

Mr. Wasef Jabsheh, Chief Executive Officer and Vice Chairman of the International General Insurance Holdings
11:09 GMT

International General Insurance Holdings Limited, a leading global specialty insurer and reinsurer based in the Middle East, today released its financial results for the nine months ended 30 September, 2014.

During the bank
10:17 GMT
(press release)

FGB, one of the leading banks in the UAE, has been honoured in the SME Banking Sector category of the inaugural Enterprise Agility Awards, which were recently held at the Jumeirah Beach Hotel in Dubai.

During the event
09:33 GMT
(press release)

Mashreq and CCAvenue, have launched the next generation cutting edge payments solution which will change the way small businesses, individuals as well as institutions accept payments online.

During the event
06:00 GMT
(press release)

Al Hilal Bank, the progressive Islamic bank, recently received Kairat Kelimbetov, the Governor of the National Bank of Kazakhstan, Kazakhstan’s Central Bank, at its headquarters in Abu Dhabi.

November 6, 2014

Suvrat Saigal, Managing Director and Head of Global Retail at NBAD
12:35 GMT

The National Bank of Abu Dhabi PJSC (NBAD) has appointed Suvrat Saigal as Managing Director and Head of Global Retail.

Julio De Quesada - Head of Corporate & Invement  Banking with staff
05:17 GMT
(press release)

Mashreq known for its pioneering contribution to banking in the region has once again won numerous accolades in 2014 from internationally recognized publications.

November 5, 2014

The swap agreement is valid for three years and may be extended by mutual consent.
14:06 GMT

The arrangements mark a deepening of the financial cooperation between the two countries to use cross-border currency trade

November 4, 2014

 The initial public offering by the NCB, which was hoping to raise $6 billion, is one of the largest in the world this year and the biggest in the kingdom's history.
17:29 GMT

A share offer by Saudi Arabia's National Commercial Bank was 16 times oversubscribed late Sunday, in what one financial analyst called "the mother of all IPOs".

Emirates Islamic, Union Coop and Visa officials at the launch of the Emirates Islamic Union Coop. Tamayaz co-branded card
09:51 GMT
(press release)

Emirates Islamic has announced a strategic partnership with Union Cooperative Society, the leading consumer cooperative society in Dubai to launch the Emirates Islamic Union Coop. Tamayaz co-branded card.

UAE Exchange
09:11 GMT

Win free air tickets to your home country. UAE Exchange presents Fortune Fiesta contest.

November 3, 2014

Emirates Islamic celebrating UAE Flag Day
12:02 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, marked the UAE Flag Day with a flag hoisting ceremony at its headquarters.

During the event
09:33 GMT

International Bank of Qatar (ibq) has won the “Best Loyalty Program in the Middle East and Africa” for its innovative reward program “thanq” at the MasterCard Innovation Forum 2014, held recently in Singapore.