Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

September 26, 2011

Al Ansari Exchange
08:00 GMT
(press release)

Al Ansari Exchange held a blood donation session for its employees, in collaboration with the Blood Donation Centre in Dubai.

Middle East’s first in-bank gold vending machine
07:50 GMT
(press release)

Al Hilal Bank, a progressive Islamic bank, has once again made banking history by launching the Middle East’s first-ever bank-installed gold dispensing machine.

Shahzad Shahbaz, QInvest Chief Executive Officer
06:54 GMT

QInvest Saudi Arabia, a subsidiary of Qatar’s leading Investment Bank, QInvest, has been granted by The Capital Market Authority (CMA) a license to conduct business in the Kingdom of Saudi Arabia.

Dr. Yahya A. Alyahya, GIB’s Chief Executive Officer
06:48 GMT

The international credit rating agency Capital Intelligence has affirmed Gulf International Bank’s (GIB) long-term and short-term Foreign Currency Ratings at “A” and “A1” respectively.

Tareq Fawzi, Country Manager, Mashreq Egypt
06:27 GMT
(press release)

Mashreq Egypt announced the launch of its five years Certificate of Deposit in Egypt with a fixed interest rates of 10.35% per annum to be paid annually.

September 25, 2011

NBK Automobiles officials during the draw
13:18 GMT
(press release)

NBK Automobiles announced the new lucky winners of its Ramadan promotion with Mr Nawaf Rashed Saad walking away with an astonishing brand new 2012 C-Class.

Saif Al Mansoori, Deputy Head, Group Marketing and Branding, Emirates NBD
12:31 GMT
(press release)

Emirates NBD announced today that it will serve as strategic partner of the Footvolley World Cup 2011, which will be hosted for the first time in the UAE.

Karim Mahmoud, Mashreq CEO of Abu Dhabi & Al Ain
10:13 GMT
(press release)

Mashreq, one of the leading UAE financial institutions announced the appointment of Karim Mahmoud as the CEO of Abu Dhabi & Al Ain

Standard Chartered Bank
10:09 GMT
(press release)

Standard Chartered held a client conference to discuss latest innovations in the field of electronic financial solutions and Enterprise Resource Planning.

Mr. R.K. Nair, Senior Manager in KIB
07:49 GMT
(press release)

Kuwait International Bank, one of Kuwait’s leading Islamic banks, today commented on the success of the recent launch of its Visa International Prepaid Card and Visa Gift Card.

The winner Amina Al Zaidan receives the SLS keys from NBK General Manager, Consumer Banking Group Mazin Saad Al Nahedh and NBK Deputy General Manager, Consumer Banking Group Abdulla Al Najran Al Tuwaijri
07:22 GMT

National Bank of Kuwait recently conducted the second draw of its summer campaign. NBK’s customer Amina Salim Yasin Mhana Al Zaidan has won the second stunning Mercedes SLS AMG Coupe.

September 22, 2011

During NBAD annual event to honour long-serving employees
12:58 GMT

The National Bank of Abu Dhabi, the Number One Bank in the UAE, recently honoured 81 long-serving NBAD employees for their loyalty and dedication to the Bank.

Ambassador of Goodwill & the Gulf Song, Abdallah Al-Ruwaished, will announce the name of the lucky Al Danah KD500,000 winner
06:55 GMT
(press release)

Gulf Bank’s Al Danah draw continues to dazzle its customers with its quarterly draw prizes. The Bank has announced that it will host an event at the Dahiyat Abdulla Al Salem Branch on the 29th September.

September 21, 2011

Mashreq officials hand cheque to Beit Al Kheir
09:00 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions announced the end of its Ramadan drive in association with Beit Al Kheir Society, a humanitarian beneficial entity as the recipient.

Gulf Bank employees during a blood test which occurs before donating blood
08:28 GMT
(press release)

Gulf Bank concluded its Blood Donation Day at the Mubarak Al Kabeer branch in the Bank’s Head Office on Monday, 19th September, 2011.