Banking & Finance
December 15, 2014
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has finalized a AED 1 billion finance facility to Baniyas Investment & Development Company LLC (BIDC), the investment arm of Bani Yas Sports Club.
The “ABLF(Asia Business Leadership Forum) Leadership Weekend 2014” was held on December 13th and 14th, at the Armani Hotel, in the UAE’s iconic Burj Khalifa.
Iranian authorities have arrested 12 people for syphoning off more than $4.5 billion (3.6 billion euros) from one of the country's main banks over several years.
The Dubai index wiped off gains registered in 2014, since it fell another 7 per cent for a second straight session.
Egypt's stock market plunged by 22 billion Egyptian pounds (just over $3 billion) in a single day of trading Sunday as low oil prices dragged down regional economies.
December 14, 2014
Emirates NBD, a leading bank in the region, made a clean sweep at the Effie MENA Awards 2014 with five coveted awards in the Banking, Finance and Insurance, as well as brand experience categories.
NCB Capital, the leading provider of wealth management services in the GCC and Saudi Arabia’s largest asset manager, has sponsored a new fully equipped state-of-the-art lab at Effat University in Jeddah.
Burgan Bank announced that is has recently won again and for the second year, the prestigious “International Diamond Star for Quality” award from Business Initiative Directions (BID).
Switzerland has charged a former computer analyst at HSBC’s private bank in Geneva with industrial espionage and breaching the country’s secrecy laws.
United Arab Bank (‘UAB’), the fastest growing banking in the Middle East, has opened three new branches in Dubai, bringing its total number of branches in the UAE to 30.
Doha Bank has named the latest winners of the monthly draw for its flagship Al Dana savings scheme.
December 11, 2014
FGB, one of the leading banks in the UAE, hosted world renowned economist Professor Xavier Sala-I-Martin in the UAE as part of its two-day 35year anniversary celebrations, on December 10th and 11th, 2014.
Gulf Bank has concluded its sponsorship of INJAZ Al-Arab’s “Young Entrepreneurs Competition” 2014 for student companies.
The National Bank of Abu Dhabi and CNBC, will convene a panel of leading energy experts to discuss the future of energy for Asia.
December 10, 2014
Most stock markets in the Gulf fell sharply Tuesday after oil prices hit five-year lows, triggering a fresh wave of panic selling of shares by local retail investors