Banking & Finance

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CEO of Emirates NBD, Shayne Nelson, said in-market mergers  work better monetarily (File/AFP)
August 26, 2014 - 07:31 GMT
It's getting too crowded in the UAE banking sector with too many lenders competing with one another to please a small population, according to a senior banker.

July 20, 2014

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.

Burgan Bank
13:12 GMT
(press release)

Burgan Bank announced its winning of the 'Best Investor Relations in GCC' award from World Finance, one of the world’s leading financial publications.

Boosted by this deal, real estate was the most targeted sector, accounting 29 per cent of first half activity.
03:21 GMT

The UAE was the most active nation in the Middle East in terms of debt capital market activity in the first half, accounting for 55 per cent of activity at $12.1 billion,

July 15, 2014

The salaries of officials rarely exceed a few thousand pounds per month. Supplements, which can amount to several tens of times the monthly salary, are in the form of bonuses.
21:18 GMT

Although, three similar decisions were announced by several governments since January 2011, none of them have taken full effect.

The number of domestic and inter-Middle Eastern M&A transactions has declined 49% from 1H 2013 to $6.9bn during 1H 2014, according to the report.
15:38 GMT

Mergers and acquisitions (M&A) transactions in the Middle East have grown by 250% in the second quarter (Q2) of 2014 compared to Q1 2014,

Mr. César González-Bueno, Gulf Bank’s CEO
13:31 GMT
(press release)

Gulf Bank today announced a net profit of KD 15.6 million for the first half of 2014, up 9.5% from KD 14.3 million over the same period in 2013.

During the event
13:21 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has been named the ‘Best Domestic Retail Bank’ and the ‘Best Domestic Trade finance Bank’ of the year in Qatar.