Banking & Finance

Featured Story:

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 19, 2014

Dr Adnan Chilwan, CEO, DIB & Adel Ali, Group CEO, Air Arabia at the signing ceremon
06:35 GMT
(press release)

Dubai Islamic Bank (DIB) and Air Arabia announced today the signing of an aircraft financing deal to facilitate the delivery of six new Airbus A320 aircrafts in 2015.

November 18, 2014

STP award
11:11 GMT

International Bank of Qatar (ibq) has won the Commerzbank “Straight Through Processing (STP) award for the fourth year running.

NBAD Renews Sponsorship of Formula 1 Etihad Airways Abu Dhabi Grand Prix
10:59 GMT

The National Bank of Abu Dhabi (NBAD) has renewed a multi-year agreement to be the Official Bank of the FORMULA 1 ABU DHABI GRAND PRIX.

National Bank of Abu Dhabi
08:59 GMT
(press release)

SWIFT joined with the National Bank of Abu Dhabi (NBAD) to bring together some of the largest companies in the United Arab Emirates to look at the evolution of treasury management within corporates.

November 17, 2014

Andrew Ball, Head of Retail Banking
09:31 GMT

International Bank of Qatar (ibq) is launching the first Furniture Loan product in Qatar to both existing and new ibq customers, with the most accommodating terms that include 0% interest rate, 0% fees and zero down payment.

November 16, 2014

Caetano Fernandes, Senior Vice President & Head of Mashreq Gold
10:15 GMT
(press release)

Mashreq’s unique online property platform Mashreq Property Mart has been a grand success just months after its launch.

Emirates Islamic Bank
09:42 GMT
(press release)

Emirates Islamic has announced a philanthropic community initiative to collect donations on behalf of Dubai Health Authority (DHA) for their MOSA’ADAH charity programme.

Mr. Faisal Al Haimus, Chief Executive Officer, Burgan bank
08:07 GMT
(press release)

Burgan Bank Group announced that the appointment of Mr. Faisal Al Haimus, as the Chief Executive officer to Bank of Baghdad.

During the event
07:53 GMT
(press release)

Emirates NBD announced that its Group CEO, Shayne Nelson, was awarded ‘CEO of the Year’ for the company’s Asset Management business at the Global Investor/ ISF Investment Excellence Awards held recently in Dubai.

During the opening ceremony
05:45 GMT
(press release)

Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has officially announced the opening of its new call center in Fujairah.

November 13, 2014

Ashraf Mazahreh, Managing Director & Head of Private Banking-UAE at NBAD (Left) receives Best Private Bank in UAE for 2014 award from Yuri Bender, Editor of Professional Wealth Management Magazine
09:07 GMT

The National Bank of Abu Dhabi (NBAD) has been selected the ‘Best Private Bank in the UAE’ for the third consecutive year by The Banker & Professional Wealth Management Magazine, at the 6th Annual Global Private Banking Awards.

H.E. Abdul-Aziz Al-Ghurair, CEO of Mashreq
06:40 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions, has become the first bank in the Middle East to establish a Corporate Alliance with the Association of Certified Fraud Examiners (ACFE).

Mr. Ahmad Al-Duwaisan, Deputy General Manager, Corporate Banking Department at Gulf Bank accepting the ‘Bank of the Year’ award from Karam Awad, Managing Director, ITP
05:26 GMT
(press release)

Gulf Bank has announced that it has won the ‘Bank of the Year’ award from Arabian Business, one of the most respected business magazines in the Middle East.

November 12, 2014

David Marshall and Kevin Scott
10:33 GMT

Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, today announced the expansion of its partnership with Jupiter Asset Management, one of the UK’s leading fund groups.

November 11, 2014

Shayne Nelson, Group Chief Executive Officer, Emirates NBD
10:07 GMT
(press release)

Dubai International Film Festival (DIFF) today announced its partnership with Emirates NBD, a leading banking group in the region, which will see the bank lending support to DIFF’s Enjaaz programme.