Banking & Finance

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Gulf entities have provided at least $30 billion of funding, at current prices, for African infrastructure over the last decade.
November 24, 2014 - 00:30 GMT
In the year 2000, The Economist magazine famously described Africa as “the hopeless continent” on its cover.

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.

Citigroup announced that it intends to exit its consumer business in Egypt, along with its businesses in other 10 countries.
04:55 GMT

It said that these steps will focus on the markets that have the “greatest scale and growth potential”.

October 16, 2014

 The slump represented a wipe-off in market value of about $255 billion for European stocks listed on the broad STOXX Europe 600 index
00:41 GMT

A sell-off in European stocks accelerated on Wednesday, with a key index suffering its biggest one-day slide in nearly three years as investors slashed exposure to risky assets on mounting worries about global growth

During the event
11:24 GMT
(press release)

Emirates NBD, a leading bank in the region, today strengthened its long-term partnership with Dubai Police, by offering the bank’s credit card holders a convenient way to pay their traffic fines.

October 15, 2014

The startup will be looking to invest primarily in the UAE and Saudi Arabia (File/AFP)
12:04 GMT

UAE-based startup Amanat Holdings will invest in up to six businesses over the next two years. The firm is looking at the GCC's healthcare and education sectors.

2014 junior rugby tournament
10:29 GMT
(press release)

In just 5 days, 3 teams will come together to play against the world’s top rugby teams in the 2014 junior rugby tournament. This year’s tournament will be held over the weekend of 17th and 18th October.

October 14, 2014

The continuous and impressive climb by the dollar expresses a substantial change in the trend in the dollar in 2014."
14:24 GMT

"The shekel-dollar rate has risen for the tenth successive week, reaching a peak of NIS 3.738/$ last week."