Banking & Finance

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CEO of Emirates NBD, Shayne Nelson, said in-market mergers  work better monetarily (File/AFP)
August 26, 2014 - 07:31 GMT
It's getting too crowded in the UAE banking sector with too many lenders competing with one another to please a small population, according to a senior banker.

July 8, 2013

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.

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.

NCB Capital
05:44 GMT
(press release)

NCB Capital has won the award for Best Wealth Management Firm in this year’s Banker Middle East Industry Awards.

July 1, 2013

Saif Al Mansoori, Deputy Head, Group Marketing and Branding, Emirates NBD
12:50 GMT
(press release)

Emirates NBD announced the launch of a new Telegraphic Transfer promotion in which customers can remit money with no remittance fee charged, through the bank’s online & mobile banking platforms.

Jordan Ahli Bank
12:01 GMT
(press release)

Jordan Ahli Bank, a leading Jordanian financial institution, has chosen IBM to transform its core banking systems in a major program of modernization and business expansion.

Hani Ashkar, Middle East Senior Partner, PwC
09:31 GMT
(press release)

PwC, the world's leading professional services network, is appointing Hani Ashkar as the Middle East Senior Partner of PwC effective October 1, 2013.

SIB receiving the award at London Sukuk Summit 2013
07:51 GMT
(press release)

Sharjah Islamic Bank (SIB), a leading Shariah compliant bank in the UAE, was honoured with an Award of Excellence for Best Sukuk Structuring House in UAE at the recently held London Sukuk Summit.