Banking & Finance
August 5, 2014
Burgan Bank announced today that it has won the coveted ‘Best Domestic Cash Management Bank of the Year” award from the Asian Banking and Finance Magazine’s Wholesale Banking Awards 2014 in Singapore.
Affirming its commitment to its customers, UAE’s leading financial institution announced a host of exceptional surprises including additional rewards for its debit and credit cardholders during Dubai Summer Surprises (DSS) 2014.
Foreign investors spend a total of $941 million on Saudi proxy shares last month, more than double the amount in June after an announcement promised full ownership rights early next year.
August 4, 2014
Dubai Islamic Bank, the largest Islamic Bank in the UAE, has announced today that it has signed an agreement with Union Properties PJSC, the property developer, to provide it with an AED 360 million re-financing facility.
In continuation of its free training programs geared toward SMEs, Jordan Ahli Bank's Small and Medium Enterprise (SME) Academy Unit recently held a new training workshop on essential human resources planning.
Interactive Intelligence Group reported record attendance at its global INTERACTIONS 2014 customer and partner conference, which drew 2,200-plus attendees from 42 countries.
Dubai Investments said on Sunday that its net profit for the first six months of the year more than doubled, on the back of gains from the divestment of one of its assets.
August 3, 2014
Investment Dar has been embroiled in a long-running legal battle with Commercial Bank of Kuwait over a stake in Kuwaiti Islamic lender Boubyan Bank.
Egypt's stocks hit a whopping rise on Thursday in the first trading following Eid Al-Fitr holiday, as the main index registered its highest increase in six years.
Burgan Bank announced today the names of the lucky winners of its Yawmi account draw, each taking home a prize of KD 5,000.
Emirates Islamic launched an exclusive campaign in collaboration with MasterCard, to encourage debit card use by customers travelling abroad, with the chance for one lucky customer to win a Mercedes-Benz SLK200 roadster.
Jordan Ahli Bank recently inaugurated its 55th branch in Irbid’s Industrial Zone.
Al Hilal Bank, the progressive Islamic bank, once again celebrated Ramadan with a special campaign called ‘Jood Bil Khair’ (‘do good’) which eventually donated AED 1 million to over 10 charities across the UAE.
July 31, 2014
“There was an increasing trend of expatriates starting to save and send back more money from June onwards, to set the festive mood and bring smiles to their families and friends back home.”
July 30, 2014
The International Monetary Fund said on Monday it will provide Morocco a $5 billion credit line to help the North African country pursue a reform agenda to achieve rapid and more inclusive economic growth.