Banking & Finance

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Since August 5, conditions in the market have made it less worthwhile to hold shekels, because the Israeli banks were willing to pay almost 1% annual interest on dollar deposits.
August 21, 2014 - 13:20 GMT
After the cannons have stopped roaring and an arrangement between Israel and Hamas is emerging, the shekel is suddenly showing weakness.

July 14, 2011

Ayadi’s July monthly draw winners
10:29 GMT
(press release)

First prize winner of the Ayadi July monthly draw will be spending a portion of his cash award to sponsor a child’s education in his home country.

Steen Jakobsen, Chief Economist at Saxo Bank
08:45 GMT
(press release)

A crisis 2.0 could be what is needed to create both the economic and political platform that will solve Europe’s problems

July 13, 2011

Progressive Islamic bank encourages school students to visit libraries and learn more about Emirati culture
13:51 GMT
(press release)

Al Hilal Bank, a progressive Islamic bank, highlighted the importance of reading and cultural awareness during a recent visit to Halimah School, Abu Dhabi.

Barclays Capital
13:41 GMT
(press release)

Barclays Capital announced today that it has been named the “Best Investment Bank in the Middle East and North Africa” region by Banker Middle East.

Jordan Investment Board headquarters
13:31 GMT

Volume of total investments registered in the kingdom reached approximately JD1.1 billion in the first half of this year, of which JD614 million were registered through Jordan Investment Board.

Fahad Al-Rajaan, Chairman, Ahli United Bank
13:18 GMT
(press release)

Ahli United Bank reported a net profit attributable to its equity shareholders of US$ 161.7 million for the half year ended 30 June 2011, a 19.0% increase over the same period in 2010.

Mohamed Al Bader, Senior Financial Analyst at Masdar Capital, during the press conference
12:59 GMT
(press release)

Masdar Capital said it is growing into one of the leading players in the global clean technology investment space, deploying funds globally and building a diverse international portfolio.

12:55 GMT
(press release)

Tamweel PJSC, the UAE Islamic home finance provider, announced today the expansion of its Home Finance product suite with the launch of two new products.

Abdulhamid Saeed, MD and Board Member, First Gulf Bank
12:41 GMT
(press release)

First Gulf Bank, the leading financial partner of choice in the UAE, posts a net profit of AED 890 million in the second quarter (Q2) of 2011.

Haneen Al Rumaihi, Head Of Marketing, presenting the award to the winner Anil Pillai
11:21 GMT
(press release)

Burgan Bank today announced Mr. Anil Kumar Balakrishna Pillai, a system engineer at Wataniya Telecoms, as the lucky winner of the bi-annual Al Thuraya Account draw.

Russell Haworth, Managing Director Middle East & Africa at Thomson Reuters
11:04 GMT
(press release)

Thomson Reuters today released its first half 2011 investment banking analysis for the Middle East region.

DIB's Emarati programme graduates during the ceremony
10:46 GMT
(press release)

Dubai Islamic Bank (DIB) today announced the graduation of one hundred UAE nationals from the bank’s Emarati programme.

Liakat Ali, winner of the AED 5 million mega prize from Mashreq
10:14 GMT
(press release)

Mashreq’s longest running and most innovative saving scheme MashreqMillionaire announced the second winner of the Mega AED 5 Million draw for this year.

Ibrahim Dabdoub, NBK’s Group CEO
07:23 GMT

National Bank of Kuwait reported net profits of USD 534.4 million (KD 146.7 million) for the first half of 2011 compared with USD 529.2 million (KD 145.2) for the same period last year.

July 12, 2011

Ebrahim Nonoo, Managing Director and CEO of BFC Group Holdings
15:05 GMT
(press release)

Bahrain Financing Company (BFC) announced the opening of a dedicated customer service centre in India.