Banking & Finance
March 30, 2014
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, hosted a road show on financial responsibility at American university of Dubai and Amity University.
March 27, 2014
Mashreq once again established itself in the region’s banking world, as the only bank to walk away with five major awards at the prestigious Banker Middle East Product Awards 2014.
First Gulf Bank, one of the leading banks in the UAE, showcased the bank’s growing product capabilities across its Global Transaction Services.
Al Hilal Bank, one of the fastest growing banks in the UAE, announced that its net profit for 2013 reached AED 441.4 million, reflecting a 42 per cent increase as compared to the AED 310.3 million posted in 2012.
March 26, 2014
The National Bank of Abu Dhabi (NBAD) lead- sukuk that was issued by the Dubai Department of Finance, has been named the UAE Deal of the Year at the recent Islamic Finance News Awards.
Adoption of mobile banking is gaining traction in the UAE and it is expected to grow further with Dubai’s mobile initiative.
The IMF team noted that GCC regulators are expected to follow the new Basel III liquidity requirements, but there may be challenges in agreeing on definitions of liquid assets and in developing market liquidity.
March 25, 2014
Emirates Islamic announced the launch of the Abu Dhabi Rewards Credit Card, which enables cardholders to benefit from a series of rewards and loyalty programmes at Abu Dhabi-based retail outlets and stores.
Al Ansari Exchange and Western Union have announced that the inter-university “Business for Better” competition this year will begin on March 25.
Mashreq has introduced Mashreq Essentials - a new, easy and efficient way of banking which is offered to new recruits who are coming to the UAE to work.
London has taken in over 11.7 billion pounds of Islamic investment in the last 10 years, making it the largest Islamic financial center in the Western world.
Bank al Etihad on Monday announced that its internal auditing process has unveiled an embezzlement case concerning withdrawal of JD207,000 using two fake credit cards.
March 24, 2014
National Bank of Kuwait (NBK) today (Monday, 24March, 2014) opened its new Head Office in the United Arab Emirates in Dubai under the patronage of the Central Bank of the United Arab Emirates.
National Bank of Fujairah announced that it has won “Best Customer Service - Corporate & Investment Banking”, “Best Trade Finance Offering - SME” and “Best Treasury Management” at the 2014 Banker Middle East Product Awards.
The index rose 1.3% to 9,425 points, its highest level since July 2008.