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 16, 2013

During the event
11:47 GMT
(press release)

H.E. Sheikh Fahad Bin Mohammed Bin Jabor Al Thani, Chairman, Doha Bank, the leading private commercial bank in Qatar, Board of Directors was honored with the Asian Business Leadership Forum Award (ABLF).

Arif Usmani, ADIB’s Global Head of  Wholesale Banking Business
08:42 GMT
(press release)

Abu Dhabi Islamic Bank and Construction Guarantee of the Republic of Korea have signed a MOU that will support South Korean construction companies operating in the Arabian Gulf.

Farhad Irani Head of Retail Banking at Mashreq while receiving the award in London
06:49 GMT
(press release)

UAE’s leading financial institution, Mashreq was recently awarded the Best Banking Group in UAE Award at the World Finance Banking Awards 2013.

NBK is the only Kuwaiti and the only Arab bank to take part in this consortium.
03:55 GMT

National Bank of Kuwait (NBK) is participating in a consortium of international banks to arrange a loan of $1.43 billion to finance the first phase of the Az-Zour North Power and Desalination Project in Kuwait.

During the signing
03:55 GMT
(press release)

Emirates NBD announced the signing of a MoU with Construction Guarantee, a South Korean government organisation, mandated to promote the development of the construction industry in South Korea.

December 15, 2013

Al Ramz Securities
10:40 GMT
(press release)

Al Ramz Securities, one of the UAE's leading brokerage houses, has announced that it has been accredited to conduct Direct Market Access (DMA) under the Dubai Financial Market (DFM).

National Bank of Kuwait
05:07 GMT

National Bank of Kuwait (NBK) participates in a consortium of international banks to arrange a loan of USD 1.43 billion to finance the first phase of the Az-Zour North Power and Desalination Project in Kuwait.

David Marshall, Senior Executive Officer, Emirates NBD Asset Management
04:55 GMT
(press release)

Emirates NBD Asset Management Limited, a leading bank in the region, announced that it received the award for ‘UAE Asset Manager of the Year’ at the 2013 Global Investor/ISF Middle East awards.

December 12, 2013

"Bloomberg" cites a source close to the matter as saying that Obama has already offered the job to Fischer who accepted it.
14:17 GMT

Fischer, 70, stepped down as Governor of the Bank of Israel in June, midway through his second term. He holds dual Israeli and US citizenship.

During the event
08:09 GMT
(press release)

The Chartered Institute of Management Accountants has signed a MoU with CORE International Institute of Higher Education FZE in association with Birla Institute of Technology, Ranchi.

There continues to be a growing corporate appetite in M&A activity in MENA. (Image credit: Shutterstock)
07:26 GMT

The value of merger and acquisition (M&A) deals in the Middle East and North Africa (Mena) region jumped 76 per cent to $17.3 billion in the third quarter this year from $9.9 billion in the same 2012 period.

alizz islamic bank
04:19 GMT
(press release)

alizz islamic bank, the newest Islamic bank in Oman, today announced the launch of its Shari’acompliant Titanium and Platinum MasterCard Credit Cards.

03:55 GMT

The Central Bank of Iran (CBI) has set up a task force on the return of the country’s assets blocked by the U.S., IRNA quoted a CBI official as saying on Wednesday.

December 11, 2013

David Bloom, HSBC’s Global Head of Foreign Exchange Strategy
08:01 GMT
(press release)

HSBC Bank Oman S.A.O.G. welcomed clients to the Al Bustan Palace, A Ritz-Carlton Hotel, for the annual HSBC Middle East Economist Roadshow.

Year-on-year, the sector’s debt to the domestic banking sector shrank by 19 per cent.
03:55 GMT

Kuwait's bank credit increased by KD391 million ($1.37 billion) in October, pushing year-on-year growth to 7.8 per cent and marking the largest monthly gain in five years, a report said