Banking & Finance

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Since 2001, S&P has only seen 20 international sukuk from issuers outside of Malaysia or the GCC (File Archive/Shutterstock)
April 21, 2014 - 13:00 GMT
Islamic finance is increasingly labeled as the future of finance, but the sukuk market largely remains outside of mainstream markets globally.

April 3, 2014

Mashreq launches Tap n Go
12:43 GMT
(press release)

Continuing its innovation stride and complementing the Bank’s many technology-led achievements, UAE’s leading financial institution Mashreq pioneers another UAE first with the launch of Tap n Go.

12:12 GMT
(press release)

MasterCard reported a growth of 40% in gross dollar volume, or GDV, for its prepaid card business across Asia/Pacific, Middle East & Africa (APMEA) for 2013 (y-o-y).

Ali Soner Guney, the Fixed Income Fund Manager at NBAD Asset Management Group
09:11 GMT

The National Bank of Abu Dhabi’s NBAD Cautious Income Fund will pay to its investors a semi-annual distribution equal to 3.4% of the net asset value (NAV) unit of 5.3615, being the NAV as at March 27, 2014.

April 2, 2014

Saif Al Mansoori, Deputy Head – Group Marketing and Branding at Emirates NBD, receiving the award on behalf of the bank
13:16 GMT
(press release)

Emirates NBD announced that it has won the ‘Best Sports Marketing Campaign’ award at the recently held Sports Industry Awards (SPIAs), a leading sports-dedicated awards ceremony in the Middle East.

NBAD Ambassadors
13:08 GMT

The National Bank of Abu Dhabi’s Ambassadors returned home from their expedition to Antarctica, the southernmost continent in the world, with a mission to promote awareness about the environment and sustainability.

During the event
12:22 GMT
(press release)

the Ministry of Finance (MoF) recently launched a training programme for its internal auditors on three quality management systems: environmental, occupational safety and health management.

April 1, 2014

UAE Exchange
12:19 GMT

Global leader in remittance and foreign exchange, UAE Exchange, today said that in 2013 it remitted around US$14 billion from UAE, largely to South Asia.

National Bank of Fujairah
07:21 GMT
(press release)

National Bank of Fujairah (NBF) PJSC today announced that it has received a Baa1/Prime-2 deposit rating from Moody’s and a BBB+/A-2 rating from Standard & Poor’s (S&P).

March 31, 2014

Mr. Eduardo Eguren, Burgan Bank’s Group Chief Executive Officer
11:40 GMT
(press release)

Burgan Bank held its annual general assembly meeting and Al Shafafiya Investor’s forum at the Chairman’s Club – Burgan Bank Tower on 31 March 2014.

H.E. AbdulAziz Al Ghurair, CEO of Mashreq
10:29 GMT
(press release)

Mashreq proudly announced that it has received the Gallup Great Workplace Award 2014, the first and only financial institution in the Region to receive such prestigious international recognition.

Mark Watts, Chief Investment Officer and the Managing Director of NBAD’s Asset Management Group
09:16 GMT

The National Bank of Abu Dhabi’s NBAD Mena Dividend Leader Fund (MDL) has grown to more than AED1 billion and become the region’s largest equity fund in less than a year from its launch.

March 30, 2014

Faisal Aqil, Deputy CEO, Consumer Wealth Management, Emirates Islamic
11:24 GMT
(press release)

Emirates Islamic announced the launch of a financing scheme at competitive profit rates for completed commercial properties in Dubai, Sharjah and Ajman.

Shafafiyah Forum
10:57 GMT
(press release)

Burgan Bank announced today that its Annual General Assembly meeting for shareholders will be held on 31 March 2014 at 12:00 PM at the Chairman’s Club – Burgan Bank Tower.

During the event
09:05 GMT

The National Bank of Abu Dhabi (NBAD) has won two awards at the recent Islamic Finance News Awards.

Al Hilal Bank
06:27 GMT
(press release)

Exciting, highly interactive activities for people of all ages combined with attractive prizes to be won and a more diverse range of vehicles on offer await visitors at the sixth edition of the Annual Al Hilal Auto Festival.