Banking & Finance

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GCC equities in general continue to show characteristics that will continue to make them attractive to investors over the rest of this year.
August 31, 2014 - 04:55 GMT
While the Iraqi conflict has also kept some international investors at bay and risk premiums across the region elevated, the political backdrop seems to have improved in a number of countries in the region.

July 22, 2014

Sharjah Islamic Bank
06:25 GMT
(press release)

Sharjah Islamic Bank has launched their Splendid Summer Offer – a new highly competitive personal finance product with the lowest rates ever, starting from only 2.99%.

 Major global stock markets fell and bond prices ralliedas worries over conflict in the Gaza Strip and Ukraine raised uncertainty for investors and kept them away from riskier assets.
04:55 GMT

Shocks to the system from Ukraine and Israel’s ground invasion of Gaza come at a time when markets have been worried about economic growth on both sides of the Atlantic and digesting second-quarter earnings reports.

July 21, 2014

Ambar Brahmachary, Head of Marketing & Customer Experience
06:55 GMT
(press release)

Mashreq, UAE’s leading financial institution, received the Superbrands 2014 for the 4th year in a row from the Superbrands Council UAE.

Other powerhouses in Dubai also crashed.
04:55 GMT

Arabtec was suspended from trade on Thursday due to ambiguity on share ownership by Aabar Investments.

FBME was originally established in Cyprus in 1982 as a subsidiary of the Federal Bank of Lebanon SAL.
03:18 GMT

“The Central Bank of Cyprus announces that, under the powers conferred to it by the relevant legislation, [it] has taken over, as of today, the management of the operations of the branch of FBME Bank Ltd. in Cyprus."

July 20, 2014

Marc Mollema, Managing Director and Global Head of Energy & Resources at NBAD
11:10 GMT

The National Bank of Abu Dhabi (NBAD) has appointed Marc Mollema as the Managing Director and Global Head of Energy & Resources as NBAD aims to expand its services to the sector.

During the event
08:20 GMT
(press release)

Al Ansari Exchange has donated AED 250,000 to Al Noor Training Center for Children with Special Needs, a Dubai-based non-profit organization for children with Special needs between the ages of 3 and 18.

Mr. Venkat Menon, Burgan Bank’s Chief Retail Banking Officer receiving the award
07:54 GMT
(press release)

Burgan Bank announced that it has won the coveted “Best Domestic Retail Bank of the Year” award from the Asian Banking and Finance Magazine.

During the event
06:35 GMT
(press release)

Gulf Bank has announced Mr. Hussain A T Akbar as the winner of the second 2014 KOC quarterly draw for a brand new GMC Yukon.

July 17, 2014

Arab Bank also owns 40 percent of Saudi Arabia's Arab National Bank ANB.
16:13 GMT

Arab Bank has been expanding across several Middle Eastern countries and has built a reputation for stability in a region shaken by conflict and political upheaval, partly thanks to diversified investments.

Jonathan Macdonald, Managing Director and Head of Syndicated Finance at NBAD
14:49 GMT

The National Bank of Abu Dhabi (NBAD) has appointed Jonathan Macdonald as the Managing Director and Head of Syndicated Finance.

His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank
14:15 GMT
(press release)

His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, has announced Doha Bank's financial results for the first half of 2014.

Arab Bank
05:55 GMT
(press release)

Arab Bank Group net profit after tax and provisions during the first half of 2014 grew by 7% to USD 414.9 million from USD 387.3 million in the same period last year.

July 16, 2014

Total private sector liabilities were up 5.2 percent in the first five months of the year over the end of last year to $208 billion, corresponding
23:18 GMT

Total outstanding loans received from abroad, based on a remaining maturity basis, that the Turkish private sector is obliged to repay within 12 months

With the addition of new games, the lottery system is expected to pay off in a short time. The winner will also have the right to hold the lottery every weekday.
19:46 GMT

Turkey attracted several billion dollars in privatization revenues last year driven by sell-offs in the energy sector and is now trying to focus on more profitable sales after some tender revenues came in below expectations.