Banking & Finance

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Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

June 17, 2014

Al Ansari Exchange
09:41 GMT
(press release)

Al Ansari Exchange has announced that it has recently opened new branches in the UAE with an aim to continue with its nationwide strategic expansion plans.

During the event
09:20 GMT
(press release)

Jordan Ahli Bank recently sponsored the Little League football tournament organized at Al Mashrek International School.

During the inauguration
05:46 GMT
(press release)

National Bank of Fujairah (NBF) PJSC today announced the official launch of the bank’s newest branch in the Al Quoz area of Dubai.

June 16, 2014

Sharjah Islamic Bank
12:17 GMT
(press release)

Sharjah Islamic Bank has inaugurated its new branch in Jebel Ali, strengthening its presence on the local banking arena.

In Dubai, property developer, Arabtec, dropped the most allowed to reach a share price of Dh4.50.
03:55 GMT

Most markets in the Middle East and North Africa region ended the day’s trade in the red because of the Iraqi conflict.

June 15, 2014

Morocco has raised one billion euros ($0.7 billion) on the international market in a 10-year bond at 3.5 per cent
19:40 GMT

The 3.5 per cent loan rate is less than that obtained on the dollar market in 2012-2013, showing the "confidence in Morocco's economic and political stability”.

13:02 GMT

Visa and FIFA’s exclusive Financial Services partner for the 2014 FIFA World Cup Brazil, today shared its global FIFA World Cup activation program across the Middle East.

Burgan Bank
12:13 GMT
(press release)

Burgan Bank announced today the names of the lucky winners of its Yawmi account draw, each taking home a prize of KD 5,000.

Abu Dhabi Commercial Bank
11:43 GMT
(press release)

Abu Dhabi Commercial Bank (ADCB) continues to advance its ‘SimplyLife’ brand by launching its first ever credit card.

National Bank of Abu Dhabi
09:07 GMT

The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 2.87% of the net asset value (NAV) ofUS$5.2532, being the NAV as at May 29, 2014.

Jordan Ahli Bank
06:04 GMT
(press release)

Jordan Ahli Bank sponsored the annual charity event organized by the Families and Friends Society of Persons with Disabilities.

Private wealth in the Middle East and Africa soared 11.6 per cent reaching $5.2 trillion in 2013 according to a new report.
03:55 GMT

Key drivers for this increase included continued strong nominal GDP growth in oil rich Gulf countries.

June 12, 2014

During the agreement
10:26 GMT
(press release)

Emirates NBD entered into a strategic partnership with MetLife, a leading global provider of insurance, annuities and employee benefit programs, to provide comprehensive life insurance solutions to the bank’s customers.

June 11, 2014

Dubai stocks have indeed become some of the most highly valued equities in the world, but  correction from these heights is only to be expected.
14:08 GMT

The main index of the Dubai Financial Market fell by four per cent yesterday after weekend warnings from the UAE Central Bank that the local property market was overheating

Marios Maratheftis, Global Head of Macro Research, Standard Chartered
13:23 GMT
(press release)

Standard Chartered is today hosting the Middle East, North Africa & Pakistan (MENAP) Bankers Conference 2014.