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 24, 2013

Mubadala and RDIF are each committing $1 billion
06:23 GMT

The Russian Direct Investment Fund (RDIF) and Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, have announced the launch of a $2 billion co-investment fund to pursue opportunities in Russia.

June 23, 2013

All 11 economists in a Reuters survey had forecast that the bank would keep rates unchanged
12:10 GMT

Egypt's central bank left its main overnight interest rates unchanged as expected on Thursday, as economic growth remains tepid more than two years after the uprising that ousted Hosni Mubarak.

First Gulf Bank building
10:20 GMT

First Gulf Bank (FGB) has signed an agreement to acquire Dubai First, the consumer financial services business, from Dubai Financial Group for AED 601 million in cash.

HSBC Bank Oman Mandoos Winners
09:10 GMT
(press release)

HSBC Bank Oman S.A.O.G. has recently rewarded lucky Mandoos Savings Scheme customers for the months of April and May.

Mashreq & Emirates Group during the signing of MoU
08:23 GMT
(press release)

One of the UAE’s leading financial institutions, Mashreq announced signing a Memorandum of Understanding with Emirates Group.

During the event
08:12 GMT
(press release)

Doha Bank has been named the “Best Regional Commercial Bank in the Middle East 2013” at the Banker Middle East Industry Awards on 19th June 2013 at the Emirates Towers Hotel in Dubai, UAE.

NCB Capital
08:00 GMT
(press release)

NCB Capital believes that growth in the sector will remain driven by the broadband and corporate segments.

André Sayegh, CEO of FGB
06:51 GMT
(press release)

FGB announces that it has signed an agreement to acquire Dubai First, the consumer financial services business, from Dubai Financial Group LLC for AED601 million in cash.

During the celebration
06:28 GMT

Qatar Green Building Council honoured its volunteers at an end of season appreciation ceremony marking nine months of achievement.

During the event
06:11 GMT
(press release)

Jordan Ahli Bank recently supported “Endeavor Jordan” in its second edition of its Local Selection Panel session (LSP).

Best Risk Management and Best Domestic Bank awards
06:09 GMT
(press release)

Gulf Bank announced that it has been honored with the Best Risk Management and Best Domestic Bank awards for 2013 from Banker Middle East.

June 20, 2013

During the event
12:18 GMT
(press release)

First Gulf Bank one of the major leading banks in the UAE, has been awarded the ‘Best Bank in the United Arab Emirates’ and ‘Best Bascassurance’ titles at the Banker Middle East Industry Awards 2013.

Hany Samir, the Head of Custody and Co-Head of Securities & Funds Administration Services at NBAD
10:52 GMT

The National Bank of Abu Dhabi now provides clients up-to-date global securities market news through Thomas Murray Data Services, the global leader in the provision of market risk assessments.

Tunisia's national flag
10:00 GMT

Tunisia's first issue of a sukuk (Islamic bond) is likely to be postponed to next year, adding to pressure on government finances, because of disruptions to legislative business.

June 19, 2013

Launch of Mashreq's E Cube Retail Concept
12:40 GMT

Mashreq has officially set the standard regionally.