Banking & Finance

Featured Story:

October 26, 2014

During the event
06:55 GMT
(press release)

Doha Bank, a leading private commercial bank in Qatar and GCC, has been named Retail Bank of the Year at the Inaugural Enterprise Agility Awards held recently in Doha.

Arab Bank
06:34 GMT
(press release)

Arab Bank Group reported net profit after tax and provisions for the nine months period ending 30 September 2014 of USD 614.2 million, up by 10% from USD 559.1 million in the same period last year.

Tooran Asif with the speaker
04:26 GMT
(press release)

Mashreq launched a ‘Partners Forum’ through its Mashreq @ Work team which aims to create a platform amongst professionals across several industries to meet and share best managerial practices.

October 23, 2014

Jamal Bin Ghalaita, Chief Executive Officer of Emirates Islamic
11:51 GMT

Emirates Islamic, one of the leading Islamic financial institutions in the region, announced today an 83 per cent increase in net profit for the YTD third quarter of 2014.

October 22, 2014

One-year dollar/Saudi riyal forwards jumped to 90.0 points, their highest level since a peak of 91.50 points hit in March 2011.
11:44 GMT

The dollar demand had pushed the Saudi riyal’s spot rate unusually far beyond its peg of 3.75 against the dollar.

Sharjah Islamic Bank
09:56 GMT
(press release)

Sharjah Islamic Bank announced its nine month of 2014 results with Net Profits reaching AED 295 million, compared to 221 million achieved in the same period last year, a 33.5% growth rate.

October 21, 2014

Those affected by Standard Chartered's exit have an annual sales turnover of between $1 million and $35 million, it added.
11:16 GMT

Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators

NCB Capital
09:06 GMT
(press release)

NCB Capital believes the growing data segment and ongoing cost-cutting initiatives are the telecom sector’s near-term drivers while the attractive dividends yield of 4.3% is the sector’s key attraction.

ibq and Ritz-Carlton Teams at the event
06:02 GMT

International Bank of Qatar (ibq) sponsored the Pink Ribbon Zumbathon held at The Ritz-Carlton, Doha within the breast cancer awareness campaign on Sunday October 19, 2014.

On 31 January 2011, Moody’s downgraded the government bond rating for Egypt from BA2 to BA1, and changed the outlook from stable to negative
04:55 GMT

International rating agency Moody’s has changed Egypt’s outlook from negative to stable, attributing the upgrade to the stabilised political and security situation.

October 20, 2014

Abdulla Al Otaiba, Senior Managing Director & Group Head -  Global Retail and Commercial Banking, of NBAD
11:27 GMT

The National Bank of Abu Dhabi (NBAD) is the Lead Strategic Partner of the Fifth Annual Middle East SME Forum.

October 19, 2014

Mr. César González-Bueno, Gulf Bank’s CEO
12:21 GMT
(press release)

Gulf Bank today announced an operating profit before provisions of KD 79.8 million for the first nine months of 2014.

Four banks were also listed as being owned or controlled by the Syrian government and sanctioned.
12:08 GMT

he United States blacklisted Lebanese company DK Group for arranging to ship Syrian pound banknotes from Russia to the Syrian central bank, an allegation strongly denied by the company’s general manager.

During the event
10:51 GMT
(press release)

The Al Nahda Women’s Association has expressed its sincere gratitude to Al Hilal Bank for financinga special event called ‘Mass Wedding Initiative 2014’ launched by the association to solemnify the partnership of 10 Emirati Couples.

Award
10:40 GMT
(press release)

Mashreq PAYPORT, the first fully EMV-compliant mobile Point of Sale solution in the UAE, won the award for ‘The Best Use of Innovative Technology’ in the Middle East & Africa at the MasterCard Innovation Forum 2014.