Banking & Finance

Featured Story:

"Annual credit growth is likely to be closer to 14-17% y-o-y"
May 21, 2013 - 10:11 GMT
Qatar’s banks’ credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study.

May 28, 2012

George Beatty, General Manager of Consumer and Elite Banking at NBAD
10:33 GMT

The National Bank of Abu Dhabi has appointed George Beatty as the General Manager of Consumer and Elite Banking.

During the opening of the new Dubai Islamic Bank, Karama branch
10:25 GMT
(press release)

Dubai Islamic Bank (DIB) today announced the opening of a new branch in Karama, Dubai, bringing its UAE wide network to 75 branches.

May 27, 2012

Abu Dhabi Islamic Bank
09:28 GMT
(press release)

Abu Dhabi Islamic Bank, a top-tier Islamic financial services institution, announced today that its ADIB-Etihad Guest Visa Card was named Best Co-brand Card and Best Islamic Card at the Smart Card Awards Middle East 2012.

Yahya A. Alyahya, GIB’s Chief Executive Officer
08:18 GMT

Gulf International Bank is pleased to announce that it has successfully established a MYR 3.5 billion Sukuk Al-Wakalah Medium-Term Note programme in Malaysia.

UAE Ministry of Finance
07:13 GMT
(press release)

A delegation from MoF participated in the meetings of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

May 24, 2012

Haitham AlRefaie, the Head of Business Banking Group at NBAD
08:53 GMT

The National Bank of Abu Dhabi (NBAD) plans to launch 8 new business banking centers in 2012 to further serve small- and medium-sized enterprises (SME) in the UAE.

May 23, 2012

HSBC Kids Read
12:16 GMT
(press release)

Kids Read is honouring World Environment Day with an interactive community event for primary school children aged six – nine and their parents at Jabir bin Zaid school on May 23.

Prime Minister Najib Mikati announced that a revised version of the 2012 budget will be sent to the Parliament later this week
12:02 GMT

Lebanon's Finance Minister Mohammad Safadi said Tuesday, calling for consensus on a draft law designed to ease fiscal pressures on the budget.

) Mr. Fawzy Al-Thunayan, General Manager, Board Affairs receiving the ‘Bank of the Year’ award on behalf of Gulf Bank from H.E. Mr. Abdulaziz Al-Khaldi, Undersecretary of the Ministry of Commerce and Industry during the award ceremony
11:51 GMT
(press release)

Gulf Bank has received the Bank of the Year award from Arabian Business, the best selling business magazine in the Middle East.

H.E. Sheikha Lubna with H.E. Abdul Aziz Al Ghurair
10:33 GMT

Mashreq organized its annual function Mashreq Forum 2012. The forum hosted Her Excellency Sheikha Lubna Al Qasimi, UAE Minister of Foreign Trade.

Dr. Adnan Chilwan, Deputy Chief Executive Officer, DIB
09:57 GMT
(press release)

Dubai Islamic Bank priced on Tuesday 22 May a highly successful US$ 500 million 5 year Sukuk due May 2017 under its newly established US$ 2,500,000,000 Sukuk Programme.

Robert Owen, Saeb Eigner, Chairman of the DFSA, The Hon John Tsang, Chief Executive of the Hong Kong Monetary Authority, Ian Johnston
09:13 GMT
(press release)

The Dubai Financial Services Authority met, today and last week, senior government officials, financial regulators, industry figures and academics in Hong Kong and Singapore.

Arab Orient Insurance Company
09:00 GMT
(press release)

Arab Orient Insurance Company has signed an agreement with Bupa International, to expand health insurance coverage for individuals, families and companies in Jordan.

May 22, 2012

MoF receives a delegation of the Ministry of Finance of Oman
11:11 GMT
(press release)

UAE Ministry of Finance hosted a delegation from the Ministry of Finance of Oman at its headquarters in Abu Dhabi on Monday, May 21, 2012.

Bon Appétit with Indian Master Chef Sanjeev Kapoor
10:59 GMT
(press release)

Emirates NBD, a leading bank in the region, recently hosted its second Bon Appétit Experiences event at “Options” Restaurant in Dubai.