Banking & Finance

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United Arab Bank (UAB)
January 19, 2015 - 14:25 GMT
United Arab Bank, UAB, has made a contribution of AED250,000 to Al Thiqah Club for the Handicapped, another milestone in the Bank’s long-standing relationship with an organisation that provides invaluable support for people with special needs in the UAE.

December 18, 2014

he Gulf stock market losses came on top of over $200 billion of value already destroyed since the end of October
04:55 GMT

Qatar’s index tumbled 3.5 percent and Kuwait lost 2.1 percent.

December 17, 2014

Sohail Zubairi, CEO of Dar Al Sharia, receiving the award
09:53 GMT
(press release)

Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has been recognised as the “Best Regional Commercial Bank – Middle East” at the Islamic Business & Finance Awards 2014.

Mashreq, Etisalat and Visa launch the me-life card
07:19 GMT

Mashreq fired the latest salvo in its quest to offer innovative banking solutions, with the launch of the Mashreq Etisalat Visa Signature Credit Card – the UAE’s first “Me-Life” credit card - in partnership with Etisalat.

The lira's tumble comes amid concerns about wider emerging-market weakness
04:55 GMT

The lira weakened to a record low of 2.4140 against the dollar on Tuesday after a fall in the value of the ruble in Russia

December 16, 2014

Ali Al Najjar, Head of Operations in Al Ansari Exchange receiving the award from Robert M Keay, CEO of Ethos
08:29 GMT
(press release)

Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, was named the ‘Best Telephone Service Exchange House’ at the 10th Annual Customer Experience Benchmarking Index’.

During the event
06:00 GMT

The National Bank of Abu Dhabi, NBAD and CNBC hosted a panel of leading energy experts to discuss the future of energy for Asia, in Kuala Lumpur on 15 December.

December 15, 2014

Ali Soner Guney, the Fixed Income Fund Manager at NBAD Asset Management Group
12:01 GMT

The National Bank of Abu Dhabi NBAD’s Sukuk Income Fund has earned a total income of USD 798,923.60 which is equivalent to 2.33% of the Net Asset Value as at 27 November 2014.

During FGB National Housing Loans exhibition
11:07 GMT
(press release)

FGB, one of the leading banks in the UAE, launched its inaugural National Housing Loans exhibition today, which is being held under the patronage of HH Sheikh Tahnoon Bin Zayed Al Nahyan, Chairman of the bank.

During the event
09:17 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has finalized a AED 1 billion finance facility to Baniyas Investment & Development Company LLC (BIDC), the investment arm of Bani Yas Sports Club.

During the event
05:50 GMT
(press release)

The “ABLF(Asia Business Leadership Forum) Leadership Weekend 2014” was held on December 13th and 14th, at the Armani Hotel, in the UAE’s iconic Burj Khalifa.

Iran is considered one of the world's most corrupt places.
04:55 GMT

Iranian authorities have arrested 12 people for syphoning off more than $4.5 billion (3.6 billion euros) from one of the country's main banks over several years.

Dubai’s stock market was the world’s best performing this year until it was caught up in a regional sell off amid tumbling oil prices.
03:16 GMT

The Dubai index wiped off gains registered in 2014, since it fell another 7 per cent for a second straight session.

Going forward, the impact of declining oil prices on Egypt's economy is less clear.
03:05 GMT

Egypt's stock market plunged by 22 billion Egyptian pounds (just over $3 billion) in a single day of trading Sunday as low oil prices dragged down regional economies.

December 14, 2014

Shayne Nelson, Group Chief Executive Officer of Emirates NBD
10:56 GMT
(press release)

Emirates NBD, a leading bank in the region, made a clean sweep at the Effie MENA Awards 2014 with five coveted awards in the Banking, Finance and Insurance, as well as brand experience categories.

During the event
08:29 GMT
(press release)

NCB Capital, the leading provider of wealth management services in the GCC and Saudi Arabia’s largest asset manager, has sponsored a new fully equipped state-of-the-art lab at Effat University in Jeddah.