Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

November 27, 2014

During the event
11:49 GMT
(press release)

The Ministry of Finance (MoF) recently organised a workshop about the financial aspects of the Government Readiness Index for the third medium-term strategic plan for 2014-2016.

An official said on Wednesday that the bank is expecting to attract an initial Rs1 billion ($16.4 million) to the fund.
04:55 GMT

India’s largest state-owned bank will launch an Islamic equity fund next month aimed mainly at attracting investments from the country’s 170 million Muslims.

November 26, 2014

Nimish Dwivedi, Head of Cards at Mashreq
09:46 GMT
(press release)

UAE’s leading financial institution, Mashreq announced the re-launch of the award-winning SmartSaver credit card in a new avatar, powered by never before ‘Everyday Savings’ benefits.

November 25, 2014

Zakher Marine International
10:49 GMT
(press release)

Abu Dhabi Islamic Bank has signed an agreement with Zakher Marine International Inc. to arrange a US $420 million financing for its new ship-building program including 15 vessels and 3 self-elevating accommodation barges through one of its group companies.

During the event
06:08 GMT
(press release)

The IAIR Awards 2014, 4th Annual edition function was held at Palace Downtown, Dubai on 20th November 2014.Doha Bank won the “BEST BANK IN QATAR”.

Sheikh Mohammed Bin Saif Bin Mohammed Al Nahyan; Alex Thursby; Abdulla Al Otaiba, and other senior executives of NBAD with “Falkom Tayeb” graduates
05:19 GMT

118 UAE nationals were recruited by the National Bank of Abu Dhabi (NBAD) to serve the bank’s clients in its branches and offices across the UAE.

November 24, 2014

Emirates Islamic Bank
09:30 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, will mark UAE National Day with a ‘heartbeat’ campaign.

Standard Chartered
08:17 GMT
(press release)

As part of the 43rd National Day celebration, Standard Chartered will attempt to break a new world record by making the world’s largest mosaic of the UAE flag from 6,000 footballs.

No.1 Palace Street, London
08:00 GMT

The National Bank of Abu Dhabi, and Abu Dhabi Financial Group (ADFG), announced the completion of an AED 1.8 billion (£310 million) financing deal for one of the largest redevelopment projects in prime Central London.

November 23, 2014

The Brotherhood has been a source of friction between Gulf Arab states
13:22 GMT

On Saturday the UAE designated 85 organisations as terrorist groups including the Brotherhood, Islamic State.

Fahad AL Reshaid – Unit head - Marketing Communications at Burgan Bank…. With the KCCC officials at the site visit
05:30 GMT
(press release)

Burgan Bank announced that it has recently printed and organized 40 different comprehensive cancer awareness brochures for the Kuwait Cancer Control Center (KCCC), as part of the bank’s corporate social responsibility strategy.

November 20, 2014

Abu Dhabi Islamic Bank
07:15 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB) has received the prestigious ‘Islamic Bank of the Year 2014’ award for the 2nd consecutive year from the International Financial Law Review (IFLR).

The bank directed PricewaterhouseCoopers to remove key warnings to regulators on illicit transactions in an independent report.
04:55 GMT

Bank of Tokyo-Mitsubishi UFJ was fined $315 million by a US banking regulator Tuesday for pressuring a consultant to water down a report on transactions with Iran.

November 19, 2014

During the event
11:55 GMT

The NBAD Islamic MENA Growth Fund has been named the Best Islamic Fund 2014 by Global Islamic Finance Awards.

Emiratisation Press Conference
11:33 GMT
(press release)

Leading financial institution, Mashreq is known to be an avid supporter of Emiratisation, through its various activities and initiatives to attract and employ Emiratis.