Banking & Finance
November 3, 2013
Profit for the nine months ended September 30, 2013 was AED 531 million, an increase of 110 per cent as compared to AED 252 million achieved in the comparable period last year.
Capital Club Bahrain and the Kingdom’s financial hub, Bahrain Financial Harbour (BFH), have joined forces in a partnership that will take the two business entities to a new level.
Owners of businesses in certain fields or geographic areas might be spared the requirement to pay their employees a minimum wage.
The IDB, which provides project financing for its 56-member countries, has expanded its sukuk programme to Dh37 billion from Dh24 billion previously, as it increases its financial support for economic and social development.
HSBC Bank Oman S.A.O.G. announced a 20.6% growth in net profit to reach RO12.7m.
October 31, 2013
The National Bank of Abu Dhabi outlined today NBAD’s Group transformation to achieve its strategic plans for domestic and international expansion.
The majority of expats in the UAE believe that their children are safer here than in their home countries, according to the results of HSBC’s annual Expat Explorer 2013 survey.
Mashreq has reported a 34% increase in its Net Profit for the first nine months of 2013, climbing to AED1.3 billion compared to AED970 million at the end of September 2012.
October 30, 2013
Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 502.2 million for the nine months ended 30September 2013.
First Gulf Bank (FGB), one of the major leading banks in the UAE, launched today a new career progression initiative for its Emirati employees.
The Sharjah Islamic Bank's (SIB) Learning and Development department has launched ‘Al Nukhba’ Programme, a first of its kind leadership competency campaign.
New bank lending norms an attempt to ward off the pitfalls of uncontrolled lending to property buyers.
The bonds, carrying an interest rate of 2.503 per cent and set to mature in 2020, were oversubscribed by 180 per cent as demand exceeded $2.20 billion.
The Chartered Institute of Management Accountants (CIMA) has announced a special pricing campaign.
October 29, 2013
Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, has announced that it recently opened two new branches in the Tunisia and China Courts of Ibn Battuta Mal.