Banking & Finance

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Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

June 24, 2014

Prime Minister Recep Tayyip Erdoğan has been voicing his disapproval of the central bank since late January,
23:26 GMT

The comments came a day before the central bank was scheduled to meet and decide upon a potential rate cut.

The major part of the financing, US$ 304 million, went to the energy sector - US$ 220 million for a Power Grid Extension Project in Bangladesh, and US$ 83.75 million for 132 KV Mirama-Kable Transmission Line and Distribution Project in Uganda.
14:07 GMT

Governors of the Islamic Development Bank (IDB), approved US$ 447.6 million towards financing several new development projects in a number of member countries

Nimish Dwivedi, Head of Payment at Mashreq
05:25 GMT
(press release)

Leading UAE financial institution, Mashreq announced exciting offers during the Holy Month of Ramadan for their cardholders.

After four days of trading in the green, the Saudi stock market saw a significant setback on Monday, dropping more than one percent or 103.85 points.
04:55 GMT

Tourism, Construction and Real Estate Development sectors showed the worst performance.

June 23, 2014

The contractor has plunged 48 per cent so far this month and 53 per cent from a record Dh7.40 in May
22:49 GMT

“The company must be forced to come up with an announcement to ease tension among the investors, mainly the small investors,” Wadah Al Taha, chief investment officer of Dubai-based Al Zarooni Group, said.

Balanced Egypt  Al Watany Bank of Egypt Fund by NBK Capital Asset Management Egypt
06:18 GMT

Two National Bank of Kuwait, Egypt funds, managed by NBK Capital Asset Management Egypt, have received excellence awards at the Thomson Reuters MENA Asset Management Conference & Zawya Fund Awards.

During the event
06:00 GMT
(press release)

The Ministry of Finance (MoF), represented by the International Financial Organizations Department, held a workshop to introduce ministries and federal entities to the training and development opportunities available to UAE nationals.

June 22, 2014

Rosary Little League
06:23 GMT
(press release)

Jordan Ahli Bank announced its sponsorship of the recently launched Little League football tournament organized by the Rosary College School in Marj Al-Hamam for students aged 7 to 9 years.

During the event
06:00 GMT
(press release)

Burgan Bank announced today the launch of the ‘Driven from Within’ – the certified Leadership program for the bank’s middle-managers and supervisors in collaboration with the American University of Kuwait.

June 21, 2014

The SAMA measure comes in line with the Ministry of Labor’s efforts to put a limit to the control of expatriates over some commercial activities, more commonly known as tasattur.
00:12 GMT

The SAMA measure comes in line with the Ministry of Labor’s efforts to put a limit to the control of expatriates over some commercial activities, more commonly known as tasattur.

June 19, 2014

First Gulf Bank
11:48 GMT
(press release)

Forbes Middle East magazine has placed FGB 8th overall, and named it as the 4th leading bank (2nd in the UAE) in its ‘Top 500 companies in the Arab World’ rankings.

During the signing ceremony
10:26 GMT
(press release)

Dubai Economic Council and Standard Chartered Bank have signed a MOU stipulating that Standard Chartered Bank will advise, arrange and facilitate trade and investment flows between the public and private sectors based in Dubai, UAE and the USA.

June 18, 2014

Credit Cards Promotional Campaign for Summer 2014
09:52 GMT

Bank Aljazira has recently launched its innovative promotional summer campaign promoting its selection of credit cards under the theme "Win 5000 SR monthly salary".

During the event
09:47 GMT
(press release)

Abu Dhabi Commercial Bank (ADCB) is continuing its commitment to local community by launching a talent development platform that aims to empower Emarati women’s role in the employment market.

On a regional level, the report reveals that private financial wealth grew by 11.6 percent to reach $5.2 trillion in 2013
04:55 GMT

Qatar ranks first in the world with the highest density of millionaires, with 17.5 percent holding private wealth of at least $1 million, according to a new report.