Banking & Finance

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Since 2001, S&P has only seen 20 international sukuk from issuers outside of Malaysia or the GCC (File Archive/Shutterstock)
April 21, 2014 - 13:00 GMT
Islamic finance is increasingly labeled as the future of finance, but the sukuk market largely remains outside of mainstream markets globally.

March 23, 2014

During the event
09:41 GMT
(press release)

Mashreq has introduced a unique savings plan which comprehensively meets the ongoing multiple savings needs of individuals and families in the UAE and helps them plan for the future.

Helmy also said that Italy is considered the number one trade partner with Egypt in the European Union, and also ranks second in terms of international economic partners.
03:55 GMT

The business council meeting would help expand economic cooperation between the two countries in different sectors related to industries, construction, textiles and petrochemicals, he said.

The currency dropped by as much as 0.7 percent before trading 0.4 percent weaker at 2.2387 per dollar during morning trading in Istanbul.
02:07 GMT

The Turkish lira weakened following Prime Minister Recep Tayyip Erdogan’s decision to block access to Twitter nine days before local elections.

March 21, 2014

 The UAE, the second biggest Arab economy, doesn’t impose income taxes.
00:50 GMT

Junior bankers in the UAE are reaping almost 36 per cent more salary than their counterparts in London,

March 20, 2014

Standard Chartered Bank
10:27 GMT
(press release)

Standard Chartered Bank today marked yet another milestone in the endeavour to offer cutting edge banking services to its customers by launching its Islamic banking offering under the brand name of Saadiq.

During the event
10:10 GMT
(press release)

Emirates Islamic recently held an award ceremony for the winners of the bank’s Bill Payment campaign, which saw six lucky winners walk away with iPad Minis.


The infrastructure sector requires an estimated $1 trillion in investments over the next four-five years.
03:55 GMT

"Returns on infrastructure in India are among the highest in the world,” the sources told HT.

March 19, 2014

The UAE's IPO market has faced what has been described as a drought as a result of the global financial crisis (File Archive)
13:00 GMT

Marka is set to "save" UAE's IPO market, which has been going through a "drought" due to the global financial crisis, says its leadership.

During the event
12:33 GMT
(press release)

National Bank of Fujairah PSC (NBF) held its Annual Ordinary General Meeting (AGM) today at Al Diar Siji Hotel, Fujairah, United Arab Emirates.

Emirates Islamic showcases offering at DIFC
11:29 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, is showcasing the bank’s products and offerings through a dedicated kiosk at Dubai International Financial Centre (DIFC).

Al Ramz Securities
10:59 GMT
(press release)

Al Ramz Securities has been named ‘Retail Broker of the Month’ for February 2014 by NASDAQ Dubai, the international financial exchange in the Middle East.

Vikram Krishna, Head - Group Marketing and Customer Experience, Emirates NBD
08:37 GMT
(press release)

Emirates NBD, a leading bank in the region, today announced the winning of two coveted awards in the social media category at the 2014 Dubai Lynx Awards.

César González-Bueno, Gulf Bank’s Chief Executive Officer
06:37 GMT
(press release)

Gulf Bank announced today the appointment of César González-Bueno as its new Chief Executive Officer, effective from 16th March 2014, following the approval by the Central Bank of Kuwait.

March 18, 2014

GFCI 15 uses 25,441 financial center assessments completed by 3,246 financial services professionals.
03:55 GMT

Qatar’s rating rose by 15 points, mainly driven by its increasing competitiveness and perceived significance as a financial center.

March 17, 2014

The prince expressed his pride at the collaboration between Alwaleed bin Talal Foundation, Global and the European Organization for Research and Treatment of Cancer (EORTC).
15:38 GMT

Prince Alwaleed bin Talal, was honored “Grand Officer of the Order of Leopold” by Princess Astrid of Belgium on behalf of King Philippe of Belgium.