Banking & Finance
August 15, 2013
The EURO zone, group of 17 countries in the Europe using EURO as domestic currency has to complete the migration by February 2014.
August 14, 2013
The stock of GCC bonds (both conventional and Sukuk) increased healthily during the first six months of the year. The private sector issuance maintained a strong pace and dominated the GCC’s fixed income activity.
MasterCard recently hosted an Iftar evening in Amman to celebrate the spirit of the Holy Month of Ramadan with its customer financial institutions and other key stakeholders in Jordan.
August 13, 2013
Dubai-based private equity firm Abraaj Group on Tuesday said it has invested in Rainbow Hospitals, a 450-bed paediatric and maternity healthcare business based in the southern Indian state of Andhra Pradesh.
Barclays is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.
August 12, 2013
Burgan Bank Group announced today its second quarter & first half results for the financial year 2013.
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has appointed Michael Austin as the Bank’s Group Chief Information Officer.
After taking advantage of a recovery in UAE bond prices to replace expensive debts with low cost bonds the corporate sector has also been in a position to elbow down the interest rates charged by UAE banks on local borrowings.
August 7, 2013
Declining consumer and business confidence will negatively impact the profitability of Lebanese banks in the second half of 2013.
Syria is trying to tap frozen funds in foreign bank accounts to step up purchases of food stocks including wheat, as civil war and a deepening humanitarian crisis push President Bashar Assad to seek new ways to feed his people.
Emirates NBD announced that Babul Hootha Abdul Vahab, who won the grand prize for the bank’s mega salary transfer campaign, would enjoy an all-expenses paid trip for two to the Seven Wonders of the World.
Taking the UAE’s first of its kind initiative closer to its customers; UAE’s leading financial institution Mashreq announced the expansion of its 3 E Cube retail concept to Ibn Battuta Mall branch.
August 6, 2013
The figure is the highest since November 2011, but it nonetheless shows that Egypt continues to bleed foreign currency to defend the Egyptian pound.
Within a unique initiative set to draw smiles on orphan’s faces, Jordan Ahli Bank hosted for the first time a “Happy Day” Iftar banquet. Commemorating the festive spirit of the Holy Month.
After a successful run during Ramadan, ADIB is extending its unique historical exhibition through Eid Al Fitr.