Banking & Finance

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Since August 5, conditions in the market have made it less worthwhile to hold shekels, because the Israeli banks were willing to pay almost 1% annual interest on dollar deposits.
August 21, 2014 - 13:20 GMT
After the cannons have stopped roaring and an arrangement between Israel and Hamas is emerging, the shekel is suddenly showing weakness.

July 9, 2013

DB Tower
10:50 GMT
(press release)

Doha Bank says key sectors such as construction and real estate as well as allied services segments, are seeking symbiotic financial partnerships to maintain their edge in a highly competitive market.

July 8, 2013

Hameed Noor Mohamed, Head of Business Banking
11:15 GMT
(press release)

Emirates Islamic Bank announced the appointment of Hameed Noor Mohamed as Head of Business Banking.

Jordan Ahli Bank
09:47 GMT
(press release)

Jordan Ahli Bank recently sponsored, for the second consecutive year, “Ayman Dais Academy” Basketball tournament hosted at Cambridge Schools.

Dubai night skyline (Source: Wikimedia Commons)
07:52 GMT

Emirates NBD appoints new Chief Investment Officer of Wealth Management Division

Mashreq & XLRI management
07:42 GMT

Mashreq announced the inauguration of a specifically designed learning program for employees.

Arjuna Mahendran, Chief Investment Officer of the Wealth Management Division, Emirates NBD
06:23 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today the appointment of Arjuna Mahendran as the new Chief Investment Officer of the Wealth Management Division.

July 7, 2013

Jordan Ahli Bank
12:34 GMT
(press release)

Jordan Ahli Bank’s Small and Medium Enterprise (SME) Academy recently hosted 3 training sessions as part of its 2013 free training program.

MasterCard
11:16 GMT
(press release)

MasterCard announced the appointment of Mohammed Qadadeh as Vice President, Head of Government Services and Solutions (GS&S) in Middle East and North Africa.

The Saudi stock exchange (Source: AFP file photo)
08:07 GMT

The market capitalization of eight real estate companies listed on Saudi stock market (Tadawul) is estimated at SR 74 billion ($19.73 billion)

Emirates NBD officials with international football legends
06:28 GMT
(press release)

Emirates NBD and Dubai Festival City Mall offered customers the chance to meet five footballing legends from across the world at Dubai Festival City Mall.

July 3, 2013

Mashreq management team during the awards ceremony
10:13 GMT

Mashreq was a proud recipient of top 3 awards. Winners were chosen based on the institutions' overall performance, innovations, improvements and growth over the last 12 months.

GCC banks has returned to pre-crisis levels in all markets
06:41 GMT

Banks in the GCC are surging ahead, with their corporate banking division showing impressive performance, a report released recently said.

July 2, 2013

A.T. Kearney FDICI is a regular measure of senior executive sentiment at the world's largest companies (Photo Source: Wikimedia/Continentalis)
08:59 GMT

According to this year's A.T. Kearney Global Foreign Direct Investment Confidence Index, the playing field is becoming leveled between developing and developed nations.

Bahrain's retail banking industry continued to post steady growth
06:25 GMT

The combined net profits of Bahrain's banks nearly doubled to $1.1 billion in the first three months of this year, compared with $427 million in cumulative profits during the same period in 2012.

They were the biggest protests since January 2011, during the last days of the Hosni Mubarak regime.
06:20 GMT

The cost of insuring Egyptian debt against default surged to record highs on Monday after a night of politically-inspired violence that saw eight people killed and the ruling Muslim Brotherhood's headquarter set on fire.