Banking & Finance

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Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

June 4, 2014

During the event
11:34 GMT
(press release)

Emirates NBD announced that it won two prestigious awards at the Smart Cards & Payments Middle East, which was organised as part of Cards and Payments Middle East, the region’s premium event for payment cards.

June 3, 2014

The report said that support from the GCC has allowed the government to put off “difficult choices” and operate in with a “muddle through” fiscal strategy until the first half of 2015.
17:37 GMT

Egypt’s fiscal deficit is set to “remain firmly in double digits” with inflation easing in 2014, a Citibank report published in May has said.

“The UAE is known for setting new benchmarks in various fields and creating exemplary standards that are being emulated across the region."
13:20 GMT

This was among the few demonstrations worldwide, where a government-issued identity card has been used to enable financial transactions.

The documentation of the facility from BLME has been finalised, with the closing and initial drawdown having been successfully concluded.
13:07 GMT

BLME has concluded a $15 million senior secured facility for Virgin Mobile Middle East & Africa (VMMEA), the regional MVNO group rolling out Virgin Mobile across the Middle East & Africa region.

National Bank of Abu Dhabi
09:26 GMT

The National Bank of Abu Dhabi has partnered with Celer Technologies to develop Global Markets E-Commerce applications.

Jordan Ahli Bank
09:08 GMT
(press release)

Jordan Ahli Bank sponsored the first in a series of economic conferences organized by the Jordan Society for Scientific Research (JSSR), held under the heading “Jordan’s Economy in a Changing world.”

Doha Bank and VISA
08:36 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, together with Visa, announced that a Doha Bank Visa debit cardholder is the lucky winner of a trip for two to watch the 2014 FIFA World Cup live in Brazil.

The International Monetary Fund warned Bahrain last year that the Kingdom needed to reform its public finances in the medium term to avoid its debt burden becoming unsustainable.
03:55 GMT

The small oil exporter faces tough choices between boosting state expenditure to sooth simmering political unrest and keeping its fragile public finances sustainable.

June 2, 2014

Mr. César González-Bueno, Gulf Bank’s Chief Executive Officer
10:52 GMT
(press release)

Standard & Poor's (S&P), the world’s leading international credit rating agency, affirmed Gulf Bank’s long-term credit rating at BBB+ with a positive outlook.

During the event
10:32 GMT

Burgan Bank announced today that the bank’s Corporate Banking Group has successfully completed a bilateral finance deal with United Arab Shipping Company (UASC), the largest shipping company in the Middle East.

The insurance sector saw its trading volume more than triple to 0.4mn stocks and value more than quadruple to QR26.94mn on more-than-doubled deals to 204.
03:55 GMT

“A memorable day for Qatar, the QSE and all market participants, and also the beginning of a new era for our marketplace,” said the bourse’s CEO Rashid Ali al-Mansoori.

June 1, 2014

Emirates NBD
12:03 GMT
(press release)

Emirates NBD, a leading bank in the region, today took its Priority Banking services to the next level and unveiled a dynamic wealth solutions strategy for its affluent customers.

Al Hilal Bank
11:32 GMT
(press release)

Al Hilal Bank, one of the fastest-growing banks in the UAE, has announced that it has successfully implemented the award-winning Finacle Corporate e-Banking solution from their technology partner, Infosys.

Earlier this month, international rating agency Standard and Poor’s affirmed Egypt’s long term and short-term foreign and local currency sovereign credit ratings, putting the country’s outlook at “stable”
03:55 GMT

“A very high turnout might have enhanced the legitimacy of the return to military rule in domestic and international eyes,” the credit agency says

May 29, 2014

Promised aid from the GCC has so far amounted to $20 billion, Sisi revealed in an interview earlier this month.
11:43 GMT

Following the landslide win, Sisi now faces the daunting task of reviving Egypt’s flailing economy and creating jobs for the rising numbers of unemployed youth in the country.