Banking & Finance

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"Annual credit growth is likely to be closer to 14-17% y-o-y"
Today
Qatar’s banks’ credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study.

April 28, 2013

Arab Bank has said that a New york court has rejected some claims that it provided funding  to terrorist organisations
03:51 GMT

Arab Bank on Thursday said a New York federal court has rejected some of the lawsuits filed against the financial institution that alleged it provided banking services to terrorist groups.

April 25, 2013

UAE Exchange
12:53 GMT

Smart Pay, UAE Exchange’s Payroll Solution brand held its first ever Smart Pay HR Summit in Dubai providing a platform for HR professionals to review WPS and refocus on HR skills.

Michael H. Tomalin, the Group Chief Executive of NBAD
12:23 GMT

Global Finance, the prestigious financial magazine, named the National Bank of Abu Dhabi (NBAD) the Best Bank in the UAE in its Best Emerging Markets Banks 2013 ranking.

Al Hilal Bank
11:48 GMT
(press release)

Al Hilal Bank, AHB, has acted as the Manager in the UAE on the establishment of MYR 1,000,000,000 Malaysian Ringgit Sukuk Programme by Al Bayan Group Holding Company.

During the event
07:21 GMT
(press release)

Emirates NBD announced that its Business Banking segment has won the Banker Middle East Product Award 2013, for Best SME Internet Banking Service.

FGB receiving the award during the award ceremony
05:43 GMT
(press release)

First Gulf Bank was awarded for the second time in a row as the “Best Local Bank in the United Arab Emirates” for 2012 during EMEA Finance’s Annual Middle East Banking Awards.

April 24, 2013

Marios Maratheftis, Head of Macro Research, Standard Chartered Bank, and Samiran Chakraborty, Head of Research, India, Standard Chartered Bank taken during the briefing session
11:16 GMT
(press release)

Standard Chartered today hosted a Macro-Economic briefing session titled: ”Transforming, Rebalancing, and Outperforming” for its corporate clients in Dubai.

During the event
11:08 GMT
(press release)

The Ministry of Finance (MoF) and Mohammed bin Rashid Establishment for SME (MBRE) held a government procurement forum today at Raffles Hotel.

April 23, 2013

The majority of Dubai residents are concerned about increasing living costs
13:27 GMT

The majority of Dubai residents are concerned about increasing living costs, a survey has found, at a time of rising inflation and spiraling property rents.

Orascom's share on the Egyptian stock market were suspended on Tuesday
12:58 GMT

Trading in shares of Orascom Construction Industries (OCI), Egypt’s biggest private construction firm, was suspended on Tuesday.

Mr. Omar Alghanim, Gulf Bank’s Chairman
07:53 GMT
(press release)

Gulf Bank today announced a net profit of KD 7.9 million for the first quarter of 2013, against KD 7.4 million for the same period last year.

April 22, 2013

Ten UK-based Arabs, including Mohammed al-Fayed, former owner of Harrods, have a joint work of over $17.5 billion
10:09 GMT

The combined wealth of the ten richest Arabs in the UK now exceeds $17.5 billion, according to an annual ranking by the Sunday Times.

Yaser Sulaiman, Executive Manager, Consumer Banking at Gulf Bank handing the car keys to, Allam Ahmed Shadid, the 1st Quarterly KOC draw winner
09:56 GMT
(press release)

Gulf Bank announced Allam Ahmed Shadid as the winner of the first quarterly KOC prize draw for 2013.

Robin Amlot, the Managing Editor of Banker Middle East presents the award to Michael Tomalin, the Group Chief Executive of NBAD and   Fawaz Abusneineh, the Head of Debt Capital Markets at NBAD
09:09 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, won the ‘Best Corporate Bond Arranger Award’ at The Banker Middle East Product Awards 2013.