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During the event
March 03, 2015 - 11:05 GMT
Al Hilal Bank, the progressive Abu Dhabi, headquartered Islamic Bank wholly owned by the Abu Dhabi Investment Council, has announced that it has won four major honors at the Islamic Finance News Deals of the Year 2014 Awards.
Shayne Nelson, Group Chief Executive Officer, Emirates NBD
March 03, 2015 - 08:26 GMT
Emirates NBD, a leading bank in the region, announced that it has been named the most valuable banking brand in the UAE with a brand valuation of US$ 1.78 billion, an increase of 40% from 2014.
The three wealthy Gulf governments, deeply opposed to Mursi’s Muslim Brotherhood group, ramped up aid to Egypt after his ouster and are spending heavily to try to ensure the success of current President Abdel Fattah al-Sisi.
March 03, 2015 - 08:23 GMT
Egypt has obtained $23 billion in aid from Saudi Arabia, the United Arab Emirates and Kuwait in the 18 months since Islamist President Mohamed Mursi was ousted.
Saudi Arabia’s market, on the other hand, lacked clear direction and was nearly flat as oil edged down towards $62 per barrel.
March 03, 2015 - 08:10 GMT
Egypt’s stock market rebounded on Monday after bullish comments from government officials and executives and signs that the planned parliamentary election will go ahead soon.
Wael El Kabbany, managing director, Middle East and North Africa, BT Global Services
March 03, 2015 - 07:45 GMT
BT today announced a contract with the National Bank of Abu Dhabi (NBAD) to provide a managed end-to-end networked IT services solution to the bank’s new financial hub in London.
Doha Bank Tablet Banking
March 03, 2015 - 06:16 GMT
Doha Bank announced today another world class innovation in the Banking Industry to enhance customers’ experience with a digitized account opening solution, another proud first for Qatar.
Al Maraj also told reporters that he expected commercial lending in the country to grow after a temporary lull.
March 02, 2015 - 21:32 GMT
Bahrain’s central bank governor has warned of a possible slowdown in economic activity in the Gulf state due to the current volatility,
Turkish Central Bank Governor Erdem Basci sought to calm jittery investors, appearing to dismiss rumors that he would resign and giving a brief lift to the lira currency after it tumbled to a record low.
March 02, 2015 - 08:02 GMT
Turkish Central Bank Governor Erdem Basci sought to calm jittery investors, appearing to dismiss rumors that he would resign and giving a brief lift to the lira currency after it tumbled to a record low.
The general reserve of the government accounts for 60 percent of the total government reserves and deposits, allocations for government projects is 32 percent and government’s current account 8 percent.


March 01, 2015 - 17:50 GMT
The government’s reserves and deposits with the Saudi Arabian Monetary Agency (SAMA) dropped at the end of January to SR1.39 trillion ($ 37 billion), the lowest level in 21 months.


Suvo Sarkar, General Manager - Retail Banking and Wealth Management, Emirates NBD
March 01, 2015 - 08:21 GMT
Emirates NBD announced the launch of a mega customer promotion for its current and savings accounts, aimed at encouraging the savings habit among customers and rewarding them with luxurious prizes including a Bentley car and Breitling watches.
For all the turmoil in the financial markets, Erdoğan's tirades have won praise from a class of industrialists who have thrived on cheap borrowing costs and political stability over the past decade.
March 01, 2015 - 07:25 GMT
An already-fragile Turkish lira hit a historic low of 2.5280 against the US dollar on Friday following fresh verbal attacks from President Recep Tayyip Erdoğan.