Banking & Finance

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United Arab Bank (UAB)
January 19, 2015 - 14:25 GMT
United Arab Bank, UAB, has made a contribution of AED250,000 to Al Thiqah Club for the Handicapped, another milestone in the Bank’s long-standing relationship with an organisation that provides invaluable support for people with special needs in the UAE.

December 23, 2013

Vikram Krishna, Head – Group Marketing and Customer Experience, Emirates NBD
11:30 GMT
(press release)

Emirates NBD announced that the case study of the Awesome Travelling Machine and its innovative video, had won two Golds and one Silver at the recently concluded 2013 Midas Awards.

During the event
08:06 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, hosted the 2013 edition of the highly anticipated Al Dana Green Run recently.

Bader Alamoudi has been named chief executive of JP Morgan’s Saudi Arabian business, the statement said.
03:55 GMT

The move was part of a wider trend in the kingdom to tap senior executives from leading global financial institutions to run key state entities

"We encourage citizens to take part in this investment and also to await other opportunities in the pipeline," he said.
03:55 GMT

Qatar plans to conduct initial public offers of shares worth 50 billion riyals ($13.7 billion) in its stock market over next 10 years,

December 22, 2013

First Gulf Bank
08:32 GMT
(press release)

First Gulf Bank has launched the iSave Online Account, a new, innovative online banking platform which allows customers to make withdrawals without any restrictions and gives them the chance to win millions.

During the event
08:14 GMT

United Arab Bank (UAB), the fastest growing bank in the Middle East, announced the completion of a US$250 million syndicated loan.

During the event
07:57 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the lucky winner of the Kunooz prize draw for the July – September quarter.

Jordan Ahli Bank Haretna Festival
07:17 GMT
(press release)

Jordan Ahli Bank was the golden sponsor for Haretna Festival, organized by Al-Ahliyyah School for Girls, The Bishop's School Amman, and Jabal Amman Residents Association (JARA).

During the event
07:02 GMT
(press release)

Al Ansari Exchange has announced that it has donated AED 1 million to support the Emirates Red Crescent’s latest initiative, “Our Hearts with the People of Syria”.

The sheer volume of consumer loans is a real cause for concern because it indicates the absence of logic on the part of borrowers.
03:55 GMT

The volume of consumer loans has increased and so has the sufferings of citizens who have taken out such loans.

December 19, 2013

Fitch ranked Saudi Arabia, UAE and Kuwait as the most stable banking environments in the GCC (Courtesy of The Telegraph)
12:05 GMT

Fitch has rated almost all banks in the Gulf Cooperation Council region as stable, ensuring a bright financial outlook for 2014.

Kuwait's crude oil sales could generate a budget surplus for the Gulf country estimated at $42.4 billion (File Archive/Shutterstock)
10:57 GMT

Need an extra $42.4 billion? For Kuwait, current oil price projections will ensure the Gulf state's budget receives just that.

Bernard Shum, the Head of Corporate and Institutional Banking of NBAD in Hong Kong
07:56 GMT

The National Bank of Abu Dhabi has appointed Bernard Shum as the Head of Corporate & Institutional Banking in Hong Kong to lead the expansion of NBAD’s business and partnership in Asia.

Al-Bahar particularly emphasized on Dabdoub’s role in leading NBK in two major crises that faced the bank during his career; the stock market crash in 1982 and the Iraqi occupation in 1990. NBK
03:55 GMT

Dabdoub’s career at NBK extends for over 53 years during which he has successfully led the bank to become one of the leading financial institutions in the Middle East with operations in 16 countries

December 18, 2013

ENBD ITM Machine Dubai Mall
10:38 GMT
(press release)

Emirates NBD, a leading bank in the region, became the first bank in the Middle East to embrace the future of assisted service banking technologies through the launch of a video-based Interactive Teller Machine (ITM).