Banking & Finance
November 4, 2013
UAE's Central Bank will tentatively announce proposed new exposure rules for banking operations in the country in December.
Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, announced today the launch of a foreign currency remittance campaign focused on GCC currencies.
The Saudi Ministry of Finance announced that the country's electronic payment system, SADAD now caters to approximately 29 million users, making it the second largest system of its kind in the world.
Doha Bank, the leading private commercial bank in Qatar, inaugurated its Hong Kong representative office.
November 3, 2013
Profit for the nine months ended September 30, 2013 was AED 531 million, an increase of 110 per cent as compared to AED 252 million achieved in the comparable period last year.
Capital Club Bahrain and the Kingdom’s financial hub, Bahrain Financial Harbour (BFH), have joined forces in a partnership that will take the two business entities to a new level.
Owners of businesses in certain fields or geographic areas might be spared the requirement to pay their employees a minimum wage.
The IDB, which provides project financing for its 56-member countries, has expanded its sukuk programme to Dh37 billion from Dh24 billion previously, as it increases its financial support for economic and social development.
HSBC Bank Oman S.A.O.G. announced a 20.6% growth in net profit to reach RO12.7m.
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.