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.

October 29, 2013

André Sayegh, CEO of FGB
06:01 GMT
(press release)

First Gulf Bank, continues to deliver solid performance with Q3’2013 Net Profit at AED 1,190Mn, 12.8% higher than the same period last year (Q3’2012).

October 28, 2013

Doha Bank branch opening
09:02 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has inaugurated a new branch at the new Dar Al Salam Shopping Mall, located in Abu Hamour, Doha.

Saleem Khokhar, the Head of Equities at NBAD’s Asset Management Group
08:50 GMT

The National Bank of Abu Dhabi’s(NBAD)MENA Dividend Leader Fund (MDL)will pay to its investors a semi-annual distribution equal to2.57%of the UnitNet Asset Value (NAV) of USD5.7241.

According to reports circulated through social networking sites, the seized money include currencies of Iran, Iraq, Turkey, India, Indonesia, Bangladesh, Egypt and Morocco.
07:59 GMT

He said that the citizens told police that they were engaged in money exchange business during Haj and the collected money was being taken to a Gulf bank.

October 27, 2013

Andre’ Sayegh, CEO of FGB
04:31 GMT
(press release)

First Gulf Bank (FGB) has increased its stakes in Aseel Islamic Finance, through a purchase agreement which has raised the bank’s ownership from 40% to 100%.

October 24, 2013

First Gulf Bank receives Certification Service Provider license from UAE
08:46 GMT
(press release)

The Telecommunications Regulatory Authority

October 23, 2013

During the event
10:44 GMT
(press release)

UAE’s leading financial institution, Mashreq announced the launch of the Mashreq Air Arabia Visa Platinum Credit Card, its co-branded card with Air Arabia, the region's first and largest low-cost airline.

October 22, 2013

The bank allocated additional net provisions of $61 million in the first nine months of 2013 with gross doubtful loans accounting for 2.2 percent of gross loans.
14:36 GMT

Bank Audi posted net earnings of $261 million in the first nine months of 2013 compared to $277 million in the corresponding period of 2012, according to a statement released Sunday.

The Central Bank of Jordan (CBJ) has decided to reduce the interest rates on key monetary policy tools by 25 basis points (0.25 per cent) from Tuesday signaling lower rates at commercial banks.
12:06 GMT

According to economists, the move is a sign of sound confidence in the local currency and an indication of a high level of foreign currency deposits at Jordan's central bank.

Dome Exterior
11:24 GMT
(press release)

In support of the UAE as host nation, one of the major leading banks in the UAE, First Gulf Bank (FGB) has been announced as an official national sponsor of the Under-17 FIFA World Cup 2013.

Emirates NBD's Head Office
09:14 GMT
(press release)

NBD is pleased to announce that its foreign exchange forecasting has been ranked within the top 10 for four of the major nine currency pairs, by Bloomberg Foreign Exchange Forecasts.

His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank
05:34 GMT
(press release)

His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank has announced Doha Bank's financial results for Q3 2013.

October 21, 2013

Finance Minister Umayya Toukan on Sunday said that the government is set to issue the US-guaranteed eurobonds on international markets on October 28, the Jordan News Agency, Petra, reported.
12:48 GMT

Finance Minister Umayya Toukan on Sunday said that the government is set to issue the US-guaranteed eurobonds on international markets on October 28, the Jordan News Agency, Petra, reported.

Last week, Global Telecom Holding announced that its Algerian subsidiary Orascom Telecom Algerie has been awarded one of three provisional 3G licenses offered in Algeria at a cost of $40 million.
10:33 GMT

Egypt’s stocks hit a two-year high during Sunday trading as investors resumed their optimistic outlook on the political situation in the country.

Robert Keay MD or Ethos Consulting presents Best Branch Performance award to Abdullah Al Hosani, Head of Branches at NBAD  and Ruth Kelly Head of Customer Experience
09:40 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has won two awards: the UAE Best Branch Performance and Best Customer Service Initiative.