Banking & Finance

Featured Story:

United Arab Bank (UAB)
January 19, 2015 - 14:25 GMT
United Arab Bank, UAB, has made a contribution of AED250,000 to Al Thiqah Club for the Handicapped, another milestone in the Bank’s long-standing relationship with an organisation that provides invaluable support for people with special needs in the UAE.

January 6, 2015

Iraq plans to boost crude exports to a record this month, the Oil Ministry said. Russia’s output rose to a post-Soviet high in December.
04:55 GMT

Gulf stock markets extended their decline on Monday after the price of Brent crude fell below $56 per barrel.

January 5, 2015

During the event
10:07 GMT
(press release)

Jordan Ahli Bank's SME Academy Unit continued its long-term training programs throughout the year, holding three consecutive workshops that tackled working with budgets, developing sales skills and market positioning.

CBJ Deputy Governor Adel Sharkas indicated on Sunday that the amount would range between JD400 and JD500 million (500 to 600 USD).
04:55 GMT

"The decision to issue Islamic sukuk to finance part of the accumulated deficit in the government."

January 4, 2015

Salem, together with ousted president Hosni Mubarak, was acquitted on illicit gains charges of exporting Egyptian natural gas to Israel at below market rates.
23:17 GMT

Business tycoon Hussein Salem has submitted a request to the Illicit Gain Authority for reconciliation with the Egyptian government and the unfreezing of his assets.

The funds are critical to running the Palestinian Authority, which has limited self-rule, and paying public sector salaries.
22:37 GMT

The moves are in retaliation for moves by the Palestinians to join the International Criminal Court (ICC) in the Hague.

Tax revenues increased by 12 per cent of the total government revenue compared to fiscal year 2014.
15:53 GMT

Government revenue figures show Dubai’s success in increasing public revenues for fiscal year 2015 by 11 per cent compared to revenues for the fiscal year 2014.

Nimish Dwivedi, Head of Payments at Mashreq
10:08 GMT
(press release)

Embarking on the 20th edition of the Dubai Shopping Festival (DSF) this year, Mashreq is once again back with the most exciting shopping offer exclusively for its Credit and Debit Cardholders.

December 31, 2014

First Gulf Bank
07:13 GMT
(press release)

FGB and LIC International, a JV company of LIC of India, announced their plans to introduce the first co- branded credit card of its kind for their customers in the United Arab Emirates.

December 30, 2014

Mohammed Ali Yasin, Managing Director of NBAD

09:53 GMT

The National Bank of Abu Dhabi Securities (NBAD Securities) has been selected “Best Brokerage House in the UAE” in 2014 by the International Finance Magazine.

December 29, 2014

Middle East markets have been uneasy since the price of oil dropped. (AFP/File)
09:59 GMT

Shares in Dubai jumped to the highest level Sunday in two weeks despite the global decline in the price of oil.

During the signing
09:03 GMT
(press release)

Ministry of Finance signed a memorandum of understanding with Emirates Airlinewhich aimed to renew the bilateral agreement between the two parties with regards to providing discounts on air fares for MoF employees and their families.

The kingdom announced plans to open Saudi's stock exchange to foreigners in July 2014. (AFP/File)
08:25 GMT

The Saudi Tadawul stock exchange will open to foreign investors in April 2015, kingdom officials told Bloomberg news Sunday.

December 28, 2014

During the event
14:07 GMT
(press release)

Jordan Ahli Bank recently sponsored the "Jacket for Every Student" initiative, a joint effort organized in collaboration with the Ministry of Social Development targeting school students in less privileged areas in the Kingdom.

13:23 GMT
(press release)

The Chartered Institute of Management Accountants, continued to build on its 25% growth increase rate in 2013, and sustained its unparalleled expansion efforts throughout 2014.