Banking & Finance
October 31, 2013
The National Bank of Abu Dhabi outlined today NBAD’s Group transformation to achieve its strategic plans for domestic and international expansion.
The majority of expats in the UAE believe that their children are safer here than in their home countries, according to the results of HSBC’s annual Expat Explorer 2013 survey.
Mashreq has reported a 34% increase in its Net Profit for the first nine months of 2013, climbing to AED1.3 billion compared to AED970 million at the end of September 2012.
October 30, 2013
Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 502.2 million for the nine months ended 30September 2013.
First Gulf Bank (FGB), one of the major leading banks in the UAE, launched today a new career progression initiative for its Emirati employees.
The Sharjah Islamic Bank's (SIB) Learning and Development department has launched ‘Al Nukhba’ Programme, a first of its kind leadership competency campaign.
New bank lending norms an attempt to ward off the pitfalls of uncontrolled lending to property buyers.
The bonds, carrying an interest rate of 2.503 per cent and set to mature in 2020, were oversubscribed by 180 per cent as demand exceeded $2.20 billion.
The Chartered Institute of Management Accountants (CIMA) has announced a special pricing campaign.
October 29, 2013
Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, has announced that it recently opened two new branches in the Tunisia and China Courts of Ibn Battuta Mal.
First Gulf Bank, continues to deliver solid performance with Q3’2013 Net Profit at AED 1,190Mn, 12.8% higher than the same period last year (Q3’2012).
October 28, 2013
Doha Bank, the leading private commercial bank in Qatar, has inaugurated a new branch at the new Dar Al Salam Shopping Mall, located in Abu Hamour, Doha.
The National Bank of Abu Dhabi’s(NBAD)MENA Dividend Leader Fund (MDL)will pay to its investors a semi-annual distribution equal to2.57%of the UnitNet Asset Value (NAV) of USD5.7241.
He said that the citizens told police that they were engaged in money exchange business during Haj and the collected money was being taken to a Gulf bank.
October 27, 2013
First Gulf Bank (FGB) has increased its stakes in Aseel Islamic Finance, through a purchase agreement which has raised the bank’s ownership from 40% to 100%.