Banking & Finance

Featured Story:

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 12, 2013

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

December 10, 2013

During the event
08:11 GMT
(press release)

Staff members of Al Hilal Bank along with their families recently trooped to the town of Al Samha in Abu Dhabi to participate in the 12th Clean Up UAE event organized by the EEG.

CIMA
07:39 GMT
(press release)

The annual salary survey conducted by the Chartered Institute of Management Accountants shows that in 2013, qualified CIMA members in the UAE are earning on average AED 47,765 in basic monthly salary.

Saudi Arabia is the largest shareholder of the 56-member Islamic Development Bank which provides members with funding for development projects (File Archive)
06:55 GMT

Saudi Arabia increased its share in the Islamic Development Bank's subscribed capital this week, with KSA now holding a total share of $6.85 billion

In the Middle East, Julius Baer has offices in Abu Dhabi, Beirut, Cairo, Dubai, Istanbul and Manama (Courtesy of Bloomberg)
06:36 GMT

Julius Baer announced Monday that it will take over the Merrill Lynch International Wealth Management businesses in Lebanon, Bahrain and UAE.

Vince Cook, CEO, Abdulla Aleter, Head of Human Resources, and graduates of National Bank of Fujairah’s Management Trainee Programme
05:47 GMT
(press release)

National Bank of Fujairah (NBF) has announced that seven UAE Nationals have graduated from the third cohort of its Management Trainee Programme (MTP).

December 9, 2013

During the event
10:04 GMT
(press release)

Emirates NBD, a leading bank in the region, was twice recognised at the recent Effie MENA Awards 2013.

The Central Bank of Egypt returned aid to Qatar in December and November, which may be partly accountable for the drop in foreign reserves over the past three months (Courtesy of Gulf Business)
05:54 GMT

Egypt's foreign reserves fell for the third consecutive month in November by 4.8 percent amidst growing economic struggles within the country.

December 8, 2013

Emirates Islamic Child Savings Account
08:23 GMT
(press release)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of its new Child Savings Account.

During the celebration
04:45 GMT
(press release)

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, marked the 42nd UAE National Day by organising a special ceremony at the company’s headquarters in Dubai.

December 5, 2013

Qatar foreign workers are more frequently using unofficial, off-the-record methods to send money home according to a World Bank report (File Archive)
12:02 GMT

Qatar foreign workers sent nearly $200 million less remittances in 2013.

Abdullah Al Shahi receiving the award
07:22 GMT
(press release)

Abu Dhabi Islamic Bank (ADIB), has been named the ‘Best Islamic Bank in the Middle East’ for 2013 by The Banker Magazine in recognition of the bank’s rapid growth and customer service.

December 4, 2013

Qatar, Indonesia, Saudi Arabia, Malaysia UAE and Turkey represent 78 percent of the international Islamic banking assets with commercial banks (File Archive)
11:59 GMT

Global Islamic banking assets with commercial banks are expected to reach $1.72 trillion in 2013