Banking & Finance

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Saudi's Tadawul is currently dominated by local retail investors, but opening up to the international market will broaden horizons (File/AFP)
July 24, 2014 - 13:07 GMT
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.

July 3, 2011

Abdulla Al Hamli, CEO Islamic Bank, inaugurates DIB's first Al Islami Private Banking branch
07:54 GMT
(press release)

Dubai Islamic Bank has opened the doors of a new concept, the first exclusive Al Islami Private Banking branch, for discerning clients who expect nothing but the best.

Abdulelah AlKindy, General Manager of Retail Banking, Emirates NBD
07:46 GMT
(press release)

Emirates NBD, announced today the launch of a new partnership agreement with Hamdan Bin Mohammed e-University, to provide a convenient solution for tuition fee payments.

June 30, 2011

King Hussein Cancer Foundation
14:12 GMT

HRH Princess Dina Mired inaugurated today the Eighth Annual Summer Camp for pediatric patients at the King Hussein Cancer Center.

Waleed Al-Wohaib, CEO of ITFC; Razi Fakih, Deputy CEO of HSBC; Mohanna Sobieh, GM Treasury of ITFC; Ayub Khan, AGM Operations; Hussain Shamzani, Director of Financial Institutional Group of HSBC; and Ian Rogers, Head of Trade Sales Middle East and North Africa
12:27 GMT
(press release)

ITFC and HSBC Bank Middle East Limited, UAE signed MoU outlining their plans to work together to expand their participation in co-financing and syndicated trade finance operations.

NBK staff participate in the paper recycling initiative
08:24 GMT

NBK continues its unprecedented bank-wide paper recycling program following the huge success of its previous phase which was implemented within NBK Head Office.

2011 National Bonds Savings Index revealed that nine out of ten UAE residents are not confident in their current savings
07:58 GMT
(press release)

National Bonds has pledged to combat the UAE’s decreasing savings sentiments following the announcement of the results of its 2011 National Bonds Savings Index.

Mohammed Al Hamli, Executive Director of DOF
07:20 GMT
(press release)

The Department of Finance announced that it has successfully upgraded its IT infrastructure and networks in all of its sites and server rooms.

NBK in Lebanon, Bhamdoun branch
06:39 GMT

NBK announced that it had taken all necessary measures throughout its network of 10 branches distributed in the most important locations.

June 29, 2011

14:26 GMT
(press release)

Swiss wealth management specialist Falcon Private Bank has officially inaugurated its new office premises in Geneva.

Islamic Development Bank
13:55 GMT
(press release)

The Islamic Corporation for the Development of the Private Sector is currently engaged in tackling issues related to the financing of Small and Medium Enterprises (SMEs).

Mohamed Sultan Al Qadi, Chairman - Board of Directors of Commercial Bank International
12:16 GMT
(press release)

Commercial Bank International announced that the appointment of the new Board of Directors for the bank was resolved at its Assembly General Meeting.

Faysal Badran, the new Chief Investment Officer at NCB Capital
10:02 GMT
(press release)

NCB Capital has appointed Faysal Badran to the new position of Chief Investment Officer.

Abhijit Choudhury, Senior General Manager & Group Chief Risk Officer at NBAD receiving the Best Risk Management in MENA award
09:26 GMT

The National Bank of Abu Dhabi was named the Bank with the Best Risk Management in Middle East and North Africa and Best Bank in the UAE for 2011.

Mohammed Al Mohannadi, CEO of GHC and George Nasra, Managing Director of IBQ
07:58 GMT
(press release)

IBQ announced today that it has extended a QAR 158.8 million (US$43.5 million) term loan facility to Gulf Helicopters Company (GHC).

June 28, 2011

Obaid Humaid Al Tayer, UAE Minister of State for Financial Affairs
13:39 GMT
(press release)

Ministry of Finance will be participating in the 36th annual meeting of the Islamic Development Bank’s (IDB) board of governors taking place in Jeddah; KSA on the 29th and 30th of June, 2011.