Banking & Finance

Featured Story:

"This is a well-established, well-rooted and very successful, very profitable organisation," Jordanian economist Riad Al Khouri told AFP.
Today
Experts and economists believe the bank will emerge unscathed with flying colours, dismissing the case as a political attempt by American Zionist organisations looking to discredit the Palestinian cause.

July 28, 2013

New regulations to appoint legal banking experts
09:42 GMT

The UAE Banks Federation has succeeded in laying down the regulations of appointing legal banking experts.

During the event
06:37 GMT
(press release)

Jordan Ahli Bank’s Small and Medium Enterprise Academy recently hosted a training session on the Jordanian Labor Law in collaboration with the Noor Initiative for Legal Training.

Al Hilal Bank
06:05 GMT
(press release)

Al Hilal Bank has announced that it has successfully deployed the ETHIX-Profit Computation and Distribution Islamic banking system from International Turnkey Systems.

Arab Bank
06:00 GMT
(press release)

Arab Bank Group posted an increase of 7.5% in its net profit in the first half of 2013 to reach USD 387 million compared to USD 360 million for the same period in 2012. Net income before tax grew to USD 511 million.

July 25, 2013

The QE index is approaching major psychological resistance at 10,000 points
12:55 GMT

Qatari stocks gained 0.2% to 9,672 points to hit a fresh 58-month high yesterday.

July 24, 2013

Rafi Ahmed, the Head of Global Financial Markets-Europe at NBAD
09:45 GMT

The National Bank of Abu Dhabi has appointed Rafi Ahmed as its Head of Global Financial Markets-Europe to expand the division’s services in Europe.

Yakub Bobat, Head of Corporate Banking, Emirates Islamic Bank
08:30 GMT
(press release)

Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, today announced the appointment of Yakub Bobat as its Head of Corporate Banking.

July 23, 2013

UAE Central Bank had approved the issue more denominations of coins to meet demand
12:55 GMT

Cash deposits in the Central Bank of the UAE amounted to Dh79.9 billion while cash withdrawals were Dh82.1 billion by end of May, leading to coins problem in the market.

During the event
11:26 GMT
(press release)

Emirates NBD, a leading bank in the region, recently announced that it has contributed AED 2 million to provide clothing for 20,000 needy children as part of the campaign.

Mr. Omar Kutayba Alghanim, Gulf Bank’s Chairman
11:16 GMT
(press release)

Gulf Bank today announced a net profit of KD 14.3 million for the first half of 2013, an increase of 12%, against KD 12.8 million for the same period last year.

Nimish Dwivedi, Head of Payments - Mashreq Bank
10:03 GMT
(press release)

Mashreq card members’ international spend across multiple transactions, across multiple countries, reaches AED 5000.

July 22, 2013

Iraq’s banking sector is no mean feat
15:55 GMT

Interest by Citibank and Standard Chartered to expand into Iraq highlights the vast potential of the country’s banking sector, but the experience of a global rival points to the many pitfalls they must navigate.

The World Bank said it is fully in compliance with international and U.N. sanctions against Iran
09:55 GMT

The World Bank said Thursday it was placing Iran’s loans in nonperforming status as Tehran had not paid back any of the money it owed for more than six months.

The World Bank said it is fully in compliance with international and U.N. sanctions against Iran
09:55 GMT

The World Bank said Thursday it was placing Iran’s loans in nonperforming status as Tehran had not paid back any of the money it owed for more than six months.

Standard Chartered Bank
09:14 GMT
(press release)

Liverpool Football Club and Standard Chartered Bank have today announced a two year extension to their main sponsor agreement.