Banking & Finance
November 5, 2013
Lucky First Gulf Bank (FGB) customer Chaudhary Muhammed Akram won AED 1 Million in the bank’s third First Saving Certificate (FSC) draw for the year.
Abu Dhabi Islamic Bank (ADIB) has launched new capital-protected silver notes to allow customers to invest in a metal that analysts believe may soon see a price rebound.
Reuters reports that Dubai Financial Market (DFM), the Gulf's only listed stock exchange, reported a third-quarter net profit. Higher trading values and an overall bullish investor sentiment drove the growth.
Morsi and 14 other senior Islamists and Muslim Brotherhood figures are standing trial on charges of inciting violence and murder at the Ittihadiya presidential palace clashes in December 2012.
November 4, 2013
UAE's Central Bank will tentatively announce proposed new exposure rules for banking operations in the country in December.
Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, announced today the launch of a foreign currency remittance campaign focused on GCC currencies.
The Saudi Ministry of Finance announced that the country's electronic payment system, SADAD now caters to approximately 29 million users, making it the second largest system of its kind in the world.
Doha Bank, the leading private commercial bank in Qatar, inaugurated its Hong Kong representative office.
November 3, 2013
Profit for the nine months ended September 30, 2013 was AED 531 million, an increase of 110 per cent as compared to AED 252 million achieved in the comparable period last year.
Capital Club Bahrain and the Kingdom’s financial hub, Bahrain Financial Harbour (BFH), have joined forces in a partnership that will take the two business entities to a new level.
Owners of businesses in certain fields or geographic areas might be spared the requirement to pay their employees a minimum wage.
The IDB, which provides project financing for its 56-member countries, has expanded its sukuk programme to Dh37 billion from Dh24 billion previously, as it increases its financial support for economic and social development.
HSBC Bank Oman S.A.O.G. announced a 20.6% growth in net profit to reach RO12.7m.
October 31, 2013
The National Bank of Abu Dhabi outlined today NBAD’s Group transformation to achieve its strategic plans for domestic and international expansion.
The majority of expats in the UAE believe that their children are safer here than in their home countries, according to the results of HSBC’s annual Expat Explorer 2013 survey.