Banking & Finance

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Gulf entities have provided at least $30 billion of funding, at current prices, for African infrastructure over the last decade.
November 24, 2014 - 00:30 GMT
In the year 2000, The Economist magazine famously described Africa as “the hopeless continent” on its cover.

November 3, 2013

DI owns around 40 subsidiaries and joint ventures encompassing a diverse range of sectors.
13:32 GMT

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.

During the event
11:45 GMT
(press release)

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.

Setting a minimum and a maximum wage in Egypt has long been a popular demand.
09:59 GMT

Owners of businesses in certain fields or geographic areas might be spared the requirement to pay their employees a minimum wage.

The announcement was made at the World Islamic Economic Forum being held in London.
08:31 GMT

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
04:50 GMT
(press release)

HSBC Bank Oman S.A.O.G. announced a 20.6% growth in net profit to reach RO12.7m.

October 31, 2013

Alex Thursby
11:40 GMT

The National Bank of Abu Dhabi outlined today NBAD’s Group transformation to achieve its strategic plans for domestic and international expansion.

HSBC
07:00 GMT

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's CEO, H.E. AbdulAziz Al Ghurair
06:03 GMT
(press release)

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

Mr. Fahad Al Rajan, AUB Chairman
12:25 GMT

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.

During the event
10:53 GMT
(press release)

First Gulf Bank (FGB), one of the major leading banks in the UAE, launched today a new career progression initiative for its Emirati employees.

During the event
10:09 GMT
(press release)

The Sharjah Islamic Bank's (SIB) Learning and Development department has launched ‘Al Nukhba’ Programme, a first of its kind leadership competency campaign.

"This new system does not include any guidelines for banks to provide a pragmatic and practical non-resident mortgage, which we believe is required to attract a more international investor base,” said Ziad El Chaar, managing director, Damac Properties.
10:05 GMT

New bank lending norms an attempt to ward off the pitfalls of uncontrolled lending to property buyers.

The loan guarantees were announced during US President Barack Obama’s visit to Jordan in March, when he also announced a $200 million in additional aid for 2013.
08:29 GMT

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
05:53 GMT
(press release)

The Chartered Institute of Management Accountants (CIMA) has announced a special pricing campaign.

October 29, 2013

During the event
09:57 GMT

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.