Banking & Finance
August 12, 2014
The rating agency says that although domestic politics have been fairly stable, the government faces continued pressure to maintain social spending.
Abu Dhabi Islamic Bank (ADIB), Commercial Bank of Dubai (CBD) and Dubai Islamic Bank (DIB) have jointly finalised a USD 425 million Shari’a-compliant financing with Emirates airline for the acquisition of two Airbus A380s.
H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al Thani, Chairman of Doha Bank, the leading private commercial bank in Qatar, Board of Directors has been honored with the “Best Banking Chairman Qatar” award.
In a move to force businessmen to donate, a campaign was launched in early August to track businessmen who did not donate to the fund,
August 10, 2014
Arab Bank, Jordan’s largest financial institution with branches throughout the Middle East and elsewhere in the world, denied the charges, saying it would exercise all legal options to disprove the accusations.
According to Ahmed, future generations of Jordanians will have to shoulder the burden of indebtedness arising from the budget deficit.
Trading volumes in the Dubai Gold and Commodities Exchange (DGCX) grew 18% in July from previous month, trading 992,061 contracts, valued at US$ 29.95 billion.
Jordan Ahli Bank recently organized a blood donation campaign in collaboration with the Central Blood Bank, garnering the participation of many of its employees from various operational levels.
Al Ansari Exchange has been declared a ‘UAE Superbrand’ for ninth consecutive year by Superbrands Council, the world's largest independent brand arbiter.
Gulf Bank today announced that it has officially obtained the Payment Card Industry (PCI)-Data Security Standards (DSS) 3.0 certification, making it the first certified Bank in Kuwait.
Government as well as international institution predictions made in 2010 for 2011-13 also proved to be overoptimistic.
August 8, 2014
The union's research indicated that hidden taxes on such goods in Turkey has reached 69 percent of total taxes, a figure which has nearly doubled over the last three decades.
August 7, 2014
The National Bank of Abu Dhabi (NBAD), UAE’s premier bank, is the first financial institution in the Middle East to select NCR SelfServ 91
Gulf Bank’s special commercials for Ramadan this year proved to be highly popular with YouTube viewers, ranking #1 in viewership with more than 700 thousand views throughout the Holy Month.
The Islamic Affairs Ministry announced the same day it was suspending all types of fund-raising inside mosques, including for the “Syrian people”.