Banking & Finance

Featured Story:

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.

June 23, 2011

Rohit Walia, Executive Vice Chairman & CEO of the Alpen Capital Group receiving the award at a ceremony held at the Ritz Carlton on 22 June
11:09 GMT
(press release)

The Alpen Capital Group was honoured in the “Best Research” category at the Banker Middle East Industry Awards 2011.

Saud Abdul Aziz AlGhurair receiving the Outstanding Contribution to The Industry Award on behalf of Mashreq CEO
10:03 GMT
(press release)

His Excellency AbdulAziz Al Ghurair, CEO of Mashreq received the Outstanding Contribution to the Industry Award from The Banker Middle East Industry awards 2011.

During the honoring ceremony
09:52 GMT
(press release)

Ernst & Young was named as the ‘Best Accountant – Auditor’ in the Middle East region at the Banker Middle East Industry Awards 2011 ceremony held in Dubai yesterday.

National Bank of Kuwait
09:28 GMT

Standard & Poor’s, the international credit rating agency, affirmed yesterday the long term and short term counterparty credit ratings of NBK at A+/A-1, with a Stable outlook.

June 22, 2011

Gary Dugan, Chief Investment Officer, Private Banking, Emirates NBD
13:23 GMT
(press release)

News that the French and German governments were back on speaking terms and almost speaking the same language helped the mood of the markets.

During the opening ceremony
11:46 GMT
(press release)

Emirates NBD announced that it has further extended its branch network in the UAE with the opening of a new branch in Dubai’s Muraqqabat area.

The photographic exhibition will be open to the public at The Four Seasons Hotel Des Bergues Geneva from July 1 until July 14, 2011
10:15 GMT
(press release)

The Emirati-Swiss Friendship Forum was established on 7 November 2010 to deepen the relations between the two countries.

National Bank of Kuwait headquarters in Kuwait City
07:17 GMT

Moody’s Investors Service today affirmed NBK “Stable” outlook. Moody’s also assigned NBK a standalone Bank Financial Strength Rating (BFSR) of “C.

Abdulhamid Mohammed Saeed, MD and Board Member of First Gulf Bank
06:54 GMT
(press release)

The Board of Directors of First Gulf Bank held a meeting at FGB headquarters and discussed the foreign ownership limit of the bank.

June 21, 2011

Ehab Anis Hassan, NBAD Group Chief Human Resources Officer and Sulaiman Al Jassim, Vice President of Zayed University
14:22 GMT

The National Bank of Abu Dhabi Academy and Zayed University have extended their partnership to offer a programme leading to Master of Science in Finance.

Sheikh Mohammed Al-Sabbah, Chairman of KIB and Abdulhameed Al Hajji, Governor of Farwaniya cutting the cake
12:55 GMT
(press release)

Kuwait International Bank inaugurated its latest branch at The Avenues shopping mall as part of its expansion programme to extend its reach across the State of Kuwait.

Employees were informed of the vision and mission of DEWA and methods of rationalizing energy and water usage
11:45 GMT
(press release)

The Ministry of Finance launched a campaign at its office in Dubai in partnership with the Dubai Electricity & Water Authority.

Mabid Al Jarhi, Financial Expert and Head of Training, Emirates Islamic Bank
09:34 GMT
(press release)

The Islamic finance industry is currently valued at AED3.65 trillion worldwide, of which AED717 billion is invested in the Middle East.

Younis Haji Al Khoori, Undersecretary of MoF and Mohammed Saif Al Suwaidi, Acting Director General of ADFD during the signing
07:52 GMT
(press release)

Ministry of Finance signed MoU with the Abu Dhabi Fund for Development to enhance joint cooperation efforts between both parties.

Islamic Development Bank
07:05 GMT
(press release)

The Islamic Development Bank is making preparations for its 36th annual Governors Meeting to be held under the patronage of King Abdullah bin Abdulaziz.