Banking & Finance

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 This time round, in contrast to previous bouts of weakness in the shekel in recent times, it looks as though the trend is here to stay for a while.
Today
"The economy is slowing down sharply," Carmeli warns, "and when you combine this with the fact that Israel is part of the global picture, it's likely that the shekel will continue to weaken."

June 12, 2011

Gary Dugan, Chief Investment Officer, Private Banking, Emirates NBD
10:42 GMT
(press release)

Investors are finally seeing the global recovery for what it is like walking through mud, says Emirates NBD CIO Private Banking Officer.

Abdulelah Al Kindy, General Manager of Retail Banking at Emirates NBD
10:36 GMT
(press release)

In line with its commitment to empowering small and medium-sized businesses, Emirates NBD, a leading bank in the region, announced that it had served as the key sponsor of TECOM SME Builder 2011.

Dina Shoman, Executive Vice President of Branding at Arab Bank receiving the award
10:07 GMT
(press release)

Arab Bank was recognized by the international finance magazine, Euromoney, as the “Best Bank in Jordan” at the Euromoney Awards for Excellence 2011 Middle East Dinner, held in Dubai, UAE recently.

Visa
09:43 GMT
(press release)

Visa is to hold its annual Security Summit for the Asia Pacific, Central Europe, Middle East and Africa region in Dubai on June 14 and 15 2011.

Dubai Trade
09:33 GMT
(press release)

Dubai Trade and Dubai Islamic Bank have signed an agreement to integrate the banks’ Direct Debit Services with the portal’s e-payment gateway Rosoom.

Saif Al Shehhi and Abdulla Ghobash receiving the award from Euromoney's officials
09:23 GMT

The National Bank of Abu Dhabi has been named the Best Bank in the UAE by Euromoney, the prestigious international publication which covers international banking, finance and global markets.

New Express Banking Terminals
09:16 GMT
(press release)

Dubai Islamic Bank today gave customers even more choice in how they bank with the launch of new Express Banking Terminals.

FGB employees during the blood donation
07:37 GMT
(press release)

First Gulf Bank, the leading banking partner of choice in the UAE, organized a blood donation campaign for its staff in cooperation with the Blood Bank Abu Dhabi.

June 9, 2011

Rakbank
13:56 GMT

This summer, Rakbank Cardholders are given the chance to come back from their vacations with more than CashBack and travel privileges, as the Bank launches its latest seasonal promotion.

Burkhard Varnholt, Chief Investment Officer at Bank Sarasin
09:53 GMT
(press release)

In its latest Strategy Outlook, the Sarasin Group contrasts the policies and actions of double-dip fearing central bankers in the West with inflation-fearing policy makers in the East.

This offer comes in addition to the recently launched low-interest home loans offered through the bank's Home Suite Bundle Account
08:51 GMT
(press release)

Standard Chartered Bank has recently announced its latest value deal which offers dining vouchers ranging from AED 500 to AED 3,000 depending on their total relationship amount.

NBK CEO Shaikha Al Bahar with Chairman and Managing Director of Al Khorayef Group Saad Al Khorayef and Boubyan Vice Chairman and Managing Director Adel Al Majed
08:32 GMT

National Bank of Kuwait (NBK) and Boubyan Bank have led a coalition of five regional and Kuwaiti banks to arrange a KD 48 million syndicated loan for Al-Khorayef Group Company.

During the training
07:12 GMT
(press release)

Burgan Bank recently conducted a surprise emergency evacuation drill for its staff at the bank’s head office.

Abdulla Al-Tuwaijri, NBK Deputy General Manager receiving the award at a special ceremony
06:38 GMT

National Bank of Kuwait has been named "Bank of the Year" for 2011 by the prestigious Arabian Business Magazine for its continued strength and maintaining its leading franchise in Kuwait and the region.

June 8, 2011

The delegation during their visit
11:16 GMT
(press release)

A delegation from the Joint Internal Audit Sector at MoF visited the Accountants and Auditors Association in Sharjah (AAA – Sharjah) on June 2, 2011.