Banking & Finance

Featured Story:

Saudi's Tadawul is currently dominated by local retail investors, but opening up to the international market will broaden horizons (File/AFP)
Today
Saudi Arabia's decision to open its stock market to the outside world was a good choice and already garnered strong support across the MENA region.

June 18, 2013

NCB Capital
05:51 GMT
(press release)

NCB Capital gives the sector a positive outlook due to growth in demand supported by a young and growing population, and expansions into new segments.

June 17, 2013

During the opening
11:51 GMT

National Bank of Kuwait (NBK), Monday, 17 June, 2013, opened its new branch in Abu Dhabi, the second in the United Arab Emirates (UAE), under the patronage of the UAE Central Bank.

Central Bank of Qatar
11:36 GMT

Qatar's central bank has tightened its curbs on how much banks can invest in stocks and bonds, according to a circular released by the central bank.

Rory Gilbert, Managing Director and Head of Wealth and Investment Management, Barclays, Middle East and North Africa
10:26 GMT

High net worth individuals in the Middle East are more confident about the increasing speed of wealth creation than those in any other market, the latest report in the Barclays Wealth Insights series reveals.

Michael H. Tomalin; Abdulla Bin Khalaf Al Otaiba, and senior executives of NBAD inaugurating the new branch.
08:57 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, launched a branch in City Tower 2 in Dubai.

United Arab Bank
08:00 GMT

United Arab Bank has announced a strategic partnership with one of the leading exchange companies in the region, Al Ansari Exchange, providing an additional payment collection arm for its credit card customers.

Tunis is also in talks with Qatar about the Gulf deositing at the Tunisian central bank
06:13 GMT

Tunisia has won $1.2 billion in funding from the Saudi-based Islamic Development Bank (IDB), aimed at backing industrial, agricultural and trade projects in the country whose finances have been weak since a revolution two years ago.

June 16, 2013

National Bank of Kuwait
06:04 GMT

National Bank of Kuwait (NBK) enjoys the largest international network of any Kuwaiti bank, offering its customers access to 16 markets in four continents around the world.

June 13, 2013

Emirates Islamic Bank Rewards Card
08:36 GMT
(press release)

Emirates Islamic Bank announced the launch of a major summer campaign that aims to reward customers by offering them exclusive deals on various Emirates Islamic Bank debit and credit cards.

Mark Watts, the General Manager, Head and Chief Investment Officer of NBAD’s Asset Management Group
06:19 GMT

The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 1.98% of the unit NAV of 5.3286 US$, being the NAV as at 30 May 2013.

June 12, 2013

Banque Misr, National Bank of Egypt
13:04 GMT

Egypt trimmed the size of a treasury bond auction on Monday but its borrowing costs held broadly steady despite anxiety over the country's finances and a mass protest set for June 30.

Ahmed Al Marzouqi, General Manager - Retail Distribution, Emirates NBD
12:43 GMT
(press release)

Emirates NBD announced the launch of an exceptional campaign across its entire product range, to celebrate the 50th anniversary of its operations with its customers.

Emirates NBD
12:16 GMT

Emirates NBD, Dubai's largest lender, has completed the acquisition of BNP Paribas' Egyptian assets after receiving regulatory approval in the North African country, the bank said in a statement on Tuesday.

Fitch Ratings has upgraded the bank's Viability Ratings to 'bb-' from 'b+'
12:14 GMT

Gulf Bank announced that Fitch Ratings has upgraded the bank's Viability Ratings to 'bb-' from 'b+'.

The ongoing economic boom in the region has resulted in exceptional business opportunities
11:49 GMT

Swissquote Bank MEA LTD./SQM/ a Dubai-based bank and subsidiary of Swissquote Bank SA./SQB/, announced that it has been granted a category 4 license from the Dubai Financial Services Authority /DFSA/, and Swissquote Bank SA Central Bank Representative Office License.