Banking & Finance

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Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

June 13, 2013

Emirates Islamic Bank Rewards Card
08:36 GMT
(press release)

Emirates Islamic Bank announced the launch of a major summer campaign that aims to reward customers by offering them exclusive deals on various Emirates Islamic Bank debit and credit cards.

Mark Watts, the General Manager, Head and Chief Investment Officer of NBAD’s Asset Management Group
06:19 GMT

The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 1.98% of the unit NAV of 5.3286 US$, being the NAV as at 30 May 2013.

June 12, 2013

Banque Misr, National Bank of Egypt
13:04 GMT

Egypt trimmed the size of a treasury bond auction on Monday but its borrowing costs held broadly steady despite anxiety over the country's finances and a mass protest set for June 30.

Ahmed Al Marzouqi, General Manager - Retail Distribution, Emirates NBD
12:43 GMT
(press release)

Emirates NBD announced the launch of an exceptional campaign across its entire product range, to celebrate the 50th anniversary of its operations with its customers.

Emirates NBD
12:16 GMT

Emirates NBD, Dubai's largest lender, has completed the acquisition of BNP Paribas' Egyptian assets after receiving regulatory approval in the North African country, the bank said in a statement on Tuesday.

Fitch Ratings has upgraded the bank's Viability Ratings to 'bb-' from 'b+'
12:14 GMT

Gulf Bank announced that Fitch Ratings has upgraded the bank's Viability Ratings to 'bb-' from 'b+'.

The ongoing economic boom in the region has resulted in exceptional business opportunities
11:49 GMT

Swissquote Bank MEA LTD./SQM/ a Dubai-based bank and subsidiary of Swissquote Bank SA./SQB/, announced that it has been granted a category 4 license from the Dubai Financial Services Authority /DFSA/, and Swissquote Bank SA Central Bank Representative Office License.

The MoU was signed for the Ministry of Finance by Obeid Humaid Al Tayer, State Minister for Financial Affairs, and for the Central Bank by Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank of the UAE
11:38 GMT

The Ministry of Finance and the Central Bank of the UAE have announced today the signing of a Memorandum of Understanding (MoU) in implementation of a Council of Ministers resolution.

During the event
10:29 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has launched ‘Al Hayer GCC & MENA Fund’ for Qatari Individuals, Corporates and Institutions.

Guests with Capital Club General Manager, Shahnaz Pakravan at the lunch
09:02 GMT
(press release)

Capital Club Bahrain hosted its second Ladies Only Luncheon, hosted by General Manager, Shahnaz Pakravan.

Standard Chartered Bank
08:53 GMT
(press release)

Standard Chartered has been named “Best Project Finance House in the Middle East” at the Euromoney Awards for Excellence 2013.

URC’s CEO, Mr. Mohammed Ahmed Al-Saqqaf
08:18 GMT
(press release)

Gulf Bank recently hosted an evening at Sheraton Hotel to announce their appointment as Joint Lead Manager in a five year KD 60 million bond issue for United Real Estate Company (URC).

Emirates Islamic Bank
08:00 GMT

After recording a strong growth in first quarter net profit and net income, Emirates Islamic Bank is gearing up towards an aggressive push in the competitive retail

June 11, 2013

Visa Corporate & Purchasing Card
13:21 GMT
(press release)

Emirates NBD announced that it has won the ‘Best Corporate Card’ award at the Smart Card Awards Middle East 2013.

It was last in the market in July last year, with a $1.5 billion 10-year bond which yielded 6.143pc.
11:31 GMT

Bahrain has picked four banks to arrange investor meetings ahead of a potential sovereign bond issue, a document from lead managers said yesterday, with proceeds likely to be used to plug an expected budget deficit for 2013.