Banking & Finance

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The move has been a long time coming. Saudi authorities have slowly unrolled a plan to liberalise the market spanning a decade, and pursued a long- term reform agenda.
September 22, 2014 - 04:55 GMT
reign investors are salivating at the prospect of investing in Saudi Arabia’s well developed but frontier market with a string of world-class companies that have remained largely out of the portfolio of global fund managers.

September 1, 2014

“Islamic economy has become increasingly relevant in the modern world, offering new hopes of revival for the fragile global economy. "
12:18 GMT
(press release)

Research note sees key role for Sukuks over next decade in securing funds for major projects in Dubai

August 31, 2014

Al Ansari Exchange
13:46 GMT
(press release)

Al Ansari Exchange has announced the launch of India Promotion 2014—falling in line with the festive occasions of Onam and Diwali, two of the biggest festivals in India.

Tooran Asif, CEO Mashreq al Islami and Head of Personal Banking at Mashreq
13:30 GMT
(press release)

Mashreq announced another convenient solution to customers that includes a free car registration as well as up to 200,000 Salaam points, to customers who purchase AXA car insurance through the bank.

Gulf Finance House
13:23 GMT
(press release)

GFH would like to advise its shareholders and the markets that Capital Intelligence (CI), has raised the Bank's Long-Term Rating to 'BB' from 'BB-' and affirmed the Short-Term Rating at 'B'.

August 28, 2014

Petrochemicals supported the uptrend of the kingdom's stock market (File/AFP)
11:33 GMT

The Tadawul All-Share Index breached 11,000-mark with a six-year high. Strong global demand for petrochemicals supported the increase.

Nimish Dwivedi, Head of Payments, Mashreq
09:29 GMT
(press release)

Mashreq has launched a special offer for their cardholders’ convenience by allowing them to pay for school fees using their credit card and to make repayments in easy installments of up to 12 months with absolutely zero interest.

August 27, 2014

Prince Faisal bin Salman praised the holy city for its efforts to encourage young people into business (File/AFP)
09:54 GMT

Prince Faisal bin Salman said Medina is an investment-friendly province and called for young people to put their ideas into viable projects.

A Kuwaiti man withdraws cash from an ATM machine (File/AFP)
06:55 GMT

Bahrain's Gulf Finance House Wednesday signed a $105 million deal with Kuwait Finance House in the wake of the global finance crisis, which hit the Middle East.

August 25, 2014

Suvo Sarkar, General Manager – Retail Banking and Wealth Management, Emirates NBD
09:39 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today the launch of a dual value-added offer for customers making school and university fee payments via credit cards.

During the event
05:25 GMT
(press release)

The Institute of Directors, Tamil Nadu State Chapter hosted the Global Summit 2014 on Business Excellence on August 22 and 23, 2014 at ITC Grand Chola, Chennai – India.

August 24, 2014


The STRs are designed to flag questionable financial activity and 354 were registered between January and June this year compared with just 237 in the first six months of last year.
21:28 GMT

A spike in the number of suspicious transactions related to money laundering and terrorism financing has been recorded in Bahrain in the first half of this year, a report said.

Garry Lyons, MasterCard’s Chief Innovation Officer
08:51 GMT
(press release)

MasterCard has been featured on the Forbes Most Innovative Companies list.

Five more luxury sedans to be won under bank’s annual savings promotion
06:12 GMT
(press release)

Al Hilal Bank awarded the first of six 2015 Audi A8 luxury sedans it is giving away for free to its patrons under its annual Savings Promotion which runs from July 15, 2014 to January 15, 2015.

A new schedule will be prepared for paying outstanding dues to foreign partners in the petroleum sector,
04:55 GMT

The government is the reason behind the continued inability of the petroleum sector to repay dues to foreign partners in return for oil and gas received monthly, said an official at the Ministry of Petroleum

August 21, 2014

 In November 2008 Bank Sarasin made margin calls which the claimants did not meet. Bank Sarasin closed out the investments; with the consequence that the Khorafis suffered substantial losses.
23:28 GMT

The case dates back to 2007 and early 2008, when on the introduction of Sarasin-Alpen, the Khorafis purchased structured financial products from Bank Sarasin.