Banking & Finance

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Saudi's Tadawul is currently dominated by local retail investors, but opening up to the international market will broaden horizons (File/AFP)
July 24, 2014 - 13:07 GMT
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.

June 25, 2013

Y Sudhir Kumar Shetty, Chief Operating Officer Global Operations UAE Exchange with winners of Smart Pay Appreciation Programme 2012
10:31 GMT

“We salute UAE Government’s vision for the welfare of the employees in the UAE by implementing Wages Protection System (WPS).

Stack of 50 euros bills
06:00 GMT

France and Qatar launched a mixed Franco Qatari fund on Sunday to invest €300 million in small and medium sized French companies, in a bid to quash concerns raised by a previous Qatari plan to invest specifically in French suburbs.

NCB Capital
05:47 GMT
(press release)

NCB Capital has downgraded Sipchem and Sahara to Neutral while maintaining all other ratings, remaining Overweight on SABIC, SIIG, Yansab and APPC.

June 24, 2013

Faisal Aqil, Deputy CEO, Consumer Wealth Management at Emirates Islamic Bank
11:05 GMT
(press release)

Emirates Islamic Bank announced today that it has been recognised as the Best Islamic Corporate Bank in the region, at the 2013 Banker Middle East Industry Awards.

the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by the Kuwaiti telecommunications operator Zain
10:24 GMT

A Kuwaiti sheikh is suing UBS AG for $21.4 million, alleging the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by the Kuwaiti telecommunications operator Zain, a Dubai court heard on Sunday.

Al Hilal Bank celebrating Haq Al Lailah
09:23 GMT
(press release)

Al Hilal Bank gave special attention to children this middle of ‘Shabaan’. the 15th day of the eighth month (Shabaan) of the Islamic lunar calendar, by observing the traditional Arabic practice of giving out Haq Al Lailah.

Standard Chartered
08:36 GMT
(press release)

Standard Chartered, in partnership with VISA, celebrated the launch of the Standard Chartered VISA Infinite Credit Card.

During the festival
08:10 GMT
(press release)

Jordan Ahli Bank sponsored the Innovation Kitchen activity at Jordan’s second annual New Think Festival which was held on the 15th and 16th of June 2013 at Al Hussein National Park.

Mubadala and RDIF are each committing $1 billion
06:23 GMT

The Russian Direct Investment Fund (RDIF) and Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, have announced the launch of a $2 billion co-investment fund to pursue opportunities in Russia.

June 23, 2013

All 11 economists in a Reuters survey had forecast that the bank would keep rates unchanged
12:10 GMT

Egypt's central bank left its main overnight interest rates unchanged as expected on Thursday, as economic growth remains tepid more than two years after the uprising that ousted Hosni Mubarak.

First Gulf Bank building
10:20 GMT

First Gulf Bank (FGB) has signed an agreement to acquire Dubai First, the consumer financial services business, from Dubai Financial Group for AED 601 million in cash.

HSBC Bank Oman Mandoos Winners
09:10 GMT
(press release)

HSBC Bank Oman S.A.O.G. has recently rewarded lucky Mandoos Savings Scheme customers for the months of April and May.

Mashreq & Emirates Group during the signing of MoU
08:23 GMT
(press release)

One of the UAE’s leading financial institutions, Mashreq announced signing a Memorandum of Understanding with Emirates Group.

During the event
08:12 GMT
(press release)

Doha Bank has been named the “Best Regional Commercial Bank in the Middle East 2013” at the Banker Middle East Industry Awards on 19th June 2013 at the Emirates Towers Hotel in Dubai, UAE.

NCB Capital
08:00 GMT
(press release)

NCB Capital believes that growth in the sector will remain driven by the broadband and corporate segments.