Banking & Finance

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Non-sovereign debt capital markets could be an alternate way to fund the public sector. (AFP/File)
November 16, 2014 - 10:39 GMT
MENA non-sovereign debt capital markets make up a small part of financial markets but then again, have potential to replace private sector funding as an alternative source.

November 9, 2014

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.

Credit cards represent only 20% of total financial transactions, while payment upon delivery occupies the lion’s share of total online purchases.
05:55 GMT

A recent report issued by PayFort, an institution specialising in online payment solutions, said that only 7% of Egyptians have bank accounts.

November 2, 2014

The international rating agency said the revised outlook for Jordan's rating was supported by expectations that the Kingdom's fiscal and external balances will continue to improve.
13:11 GMT

Jordan has regained its stable credit rating from Standard and Poor's (S&P) almost three years after a downgrade to negative.

The National Bank of Abu Dhabi head office
10:27 GMT

The National Bank of Abu Dhabi (NBAD) has signed a deal to provide a 10-year Term Loan facility of AED 1,200,000,000 to Abu Dhabi National Hotels (ADNH).

During the event
07:44 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has been honoured with the Golden Peacock Global Award for Sustainability 2014.

October 30, 2014

Three more luxury sedans to be given away under annual Savings Promotion
04:23 GMT
(press release)

Al Hilal Bank, the progressive Islamic bank, has turned over the third of six 2015 Audi A8 luxury sedans it is handing over under its annual Savings Promotion extending from July 15, 2014 to January 15, 2015.