Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

November 16, 2014

During the event
07:53 GMT
(press release)

Emirates NBD announced that its Group CEO, Shayne Nelson, was awarded ‘CEO of the Year’ for the company’s Asset Management business at the Global Investor/ ISF Investment Excellence Awards held recently in Dubai.

During the opening ceremony
05:45 GMT
(press release)

Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has officially announced the opening of its new call center in Fujairah.

November 13, 2014

Ashraf Mazahreh, Managing Director & Head of Private Banking-UAE at NBAD (Left) receives Best Private Bank in UAE for 2014 award from Yuri Bender, Editor of Professional Wealth Management Magazine
09:07 GMT

The National Bank of Abu Dhabi (NBAD) has been selected the ‘Best Private Bank in the UAE’ for the third consecutive year by The Banker & Professional Wealth Management Magazine, at the 6th Annual Global Private Banking Awards.

H.E. Abdul-Aziz Al-Ghurair, CEO of Mashreq
06:40 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions, has become the first bank in the Middle East to establish a Corporate Alliance with the Association of Certified Fraud Examiners (ACFE).

Mr. Ahmad Al-Duwaisan, Deputy General Manager, Corporate Banking Department at Gulf Bank accepting the ‘Bank of the Year’ award from Karam Awad, Managing Director, ITP
05:26 GMT
(press release)

Gulf Bank has announced that it has won the ‘Bank of the Year’ award from Arabian Business, one of the most respected business magazines in the Middle East.

November 12, 2014

David Marshall and Kevin Scott
10:33 GMT

Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, today announced the expansion of its partnership with Jupiter Asset Management, one of the UK’s leading fund groups.

November 11, 2014

Shayne Nelson, Group Chief Executive Officer, Emirates NBD
10:07 GMT
(press release)

Dubai International Film Festival (DIFF) today announced its partnership with Emirates NBD, a leading banking group in the region, which will see the bank lending support to DIFF’s Enjaaz programme.

Hessa Al Mulla, Head of Human Resources, Emirates Islamic
07:44 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the appointment of Emirati national Hessa Al Mulla as Head of Human Resources (HR) for the bank.

November 10, 2014

Mr. Majed Essa Al Ajeel, the chairman of Burgan Bank
06:16 GMT
(press release)

Burgan Bank announced the receipt of all regulatory approvals for the increase in the bank’s issued and paid up capital by KD 21,600,000 distributed over 216,000,000 shares with a nominal value of 100 Fils per share.

Manganiyar event in Dubai
05:26 GMT
(press release)

Standard Chartered launched recently a comprehensive, personalised and exclusive suite of financial solutions for non-resident Indian and Pakistani expatriates living in the UAE.

The total number of cases brought against Egypt after the 25 January Revolution have reached at least seven involving demands totalling more than $20bn in compensation.
00:33 GMT

Hany Sarie-Eldin, head of Sarie-Eldin and Partners Legal Advisors, said the move will thwart the government’s efforts to revive confidence in the economy.

November 9, 2014

Mr. Wasef Jabsheh, Chief Executive Officer and Vice Chairman of the International General Insurance Holdings
11:09 GMT

International General Insurance Holdings Limited, a leading global specialty insurer and reinsurer based in the Middle East, today released its financial results for the nine months ended 30 September, 2014.

During the bank
10:17 GMT
(press release)

FGB, one of the leading banks in the UAE, has been honoured in the SME Banking Sector category of the inaugural Enterprise Agility Awards, which were recently held at the Jumeirah Beach Hotel in Dubai.

During the event
09:33 GMT
(press release)

Mashreq and CCAvenue, have launched the next generation cutting edge payments solution which will change the way small businesses, individuals as well as institutions accept payments online.

During the event
06:00 GMT
(press release)

Al Hilal Bank, the progressive Islamic bank, recently received Kairat Kelimbetov, the Governor of the National Bank of Kazakhstan, Kazakhstan’s Central Bank, at its headquarters in Abu Dhabi.