Banking & Finance

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So far, two of the 80 companies that have agreed to invest in the Red Sea area are from China, he said.
Today
A Saudi plan to create an industrial city in the desert, an idea borrowed from China, is now wooing Chinese investors to set up plants there.

July 21, 2013

Saleem Khokhar, the Head of Equities at NBAD’s Asset Management Group
09:07 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, will distribute the equivalent of 2.50% of the Fund’s net asset value (NAV) of AED 3.6377, being the NAV as of July 11, 2013.

During the event
05:57 GMT
(press release)

Al Ansari Exchange has announced that it has donated AED 1 million to provide clothing for 25,000 underprivileged children around the world.

July 18, 2013

It wasn’t too long ago when a number of consumers started ditching their credit cards for fear of incurring massive debt
11:55 GMT

Bank sources confirmed that the uptake of credit cards in the UAE is on the rise as more people have come to the UAE for work and the economy gets better.

Saif Al Mansoori, Deputy Head, Group Marketing and Branding, Emirates NBD
10:35 GMT
(press release)

Emirates NBD announced today the launch of an innovative financial education campaign, designed to assist potential property buyers to select the best possible mortgage loan when buying a home.

Growth in the depositary base continues to provide opportunities to expand the financing capabilities of the banking system
08:55 GMT

Deposits in the Saudi financial system reached SR1.3 trillion by the end of May, adding SR70.5 billion YTD.

July 17, 2013

UAE financial system must be strengthen by the Central Bank and the Banks Federation
12:55 GMT

It is essential for the health of the economy that banks extend credit to businesses and governments that can be used for investment and to expand their services.

Saif Al Mansoori, Deputy Head – Group Marketing and Branding, Emirates NBD
11:37 GMT
(press release)

Emirates NBD announced the launch of an innovative financial education campaign, designed to assist potential property buyers to select the best possible mortgage loan when buying a home.

Al Hilal Bank
09:25 GMT
(press release)

Al Hilal Bank once again displayed its innovative flair with the launching of its unique ‘Art of Donation’ campaign.

MasterCard and Mashreq during the launch of the card
08:25 GMT
(press release)

Mashreq, which recently won both the Best Debit Card and Best Credit Card Award, announced the launch of Mashreq Platinum Business MasterCard Credit Card.

UAB branch
06:01 GMT

United Arab Bank announces its financial results for six months that ended on June 30, 2013.

July 16, 2013

During the event
10:51 GMT
(press release)

Emirates NBD, a leading bank in the region, announced today that it will be sponsoring the annual Dubai Police Ramadan Tournament for the 21st year running.

Fadi Halout, the General Manager of NBAD-Paris
10:43 GMT

The National Bank of Abu Dhabi-Paris has launched a 1 billion euro French Certificate of Deposit (CD) program which offers greater diversification to institutional investors and corporate treasuries.

July 15, 2013

Salah Mohammed Amin, Emirates NBD, Abdulsalam Al Rafi & George Abraham, First Gulf Bank
12:03 GMT
(press release)

Emirates NBD, a leading bank in the region, signed on June 24, 2013, the successful closure of an AED 900 million Club Deal for developer Abdulsalam Al Rafi Group.

The winner
11:20 GMT
(press release)

Jordan Ahli Bank recently announced Ala’ Haddadin as the 15th lucky winner of its monthly Jame’ati account grand prize; a 2013 model Kia Cerato, licensed and taxed in full.

Dubai Islamic Bank
10:43 GMT
(press release)

Dubai Islamic Bank (DIB) today welcomed a new batch of students to its annual Iktaseb summer training programme for young UAE nationals.