Banking & Finance

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Gulf entities have provided at least $30 billion of funding, at current prices, for African infrastructure over the last decade.
In the year 2000, The Economist magazine famously described Africa as “the hopeless continent” on its cover.

September 26, 2013

David Marshall, Senior Executive Officer, Emirates NBD Asset Management
12:08 GMT
(press release)

Emirates NBD Asset Management announced that it has been named "Best Asset Management Company," at the annual Arab Achievement Awards 2013.

"We have pretty much the same strategy for the next financial year as this year. It's going to be a diversified structure," Brian Jeffery, senior vice president for corporate treasury at Emirates said in an interview.
10:20 GMT

The airline company has to raise $22 billion over the next four years to finance its aircraft deliveries, an average of $5.5 billion a year.

September 25, 2013

H.H. Sheikh Hamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince's Court presents the award to H.E. Nasser Ahmed Khalifa Alsowaidi, the Chairman of the NBAD Board
13:01 GMT

The National Bank of Abu Dhabi (NBAD), has won the highly prestigious Sheikh Khalifa Excellence Award- Diamond Category confirming the Bank’s position as a leader in the financial industry.

Raja Easa Al Gurg, President, DBWC, and Ann Cairns, President, International Markets, MasterCard announcing partnership
11:24 GMT
(press release)

MasterCard and the Dubai Business Women Council announced a collaboration to drive entrepreneurship among women in the Emirate.

 The debt comprises $10 billion from the UAE Central Bank, which is due to mature in February 2014 and $5 billion each from two state-owned banks in Abu Dhabi — National Bank of Abu Dhabi and Al Hilal Bank — maturing in November 2014.
10:44 GMT

Dubai is not in negotiations with Abu Dhabi to refinance a $20 billion debt that will be due next year, a top government official said on Tuesday.

Standard Chartered Bank
10:07 GMT
(press release)

Stanford Asia Holding Company (“SAHC”) is pleased to announce the signing of a USD 300 million 5 year syndicated facility.

September 24, 2013

The UAE is among those economies most rapidly moving away from being predominantly cash-based society.
14:05 GMT

UAE is among the faster changing payments ecosystems.

During the event
10:18 GMT
(press release)

UAE’s leading financial institution, Mashreq hosted a meeting for a senior delegation from the Indian Banks’ Association represented by prominent public sector banks.

September 23, 2013

Sherie Ann Morais, Head of Global Transaction Banking Sales UAE: R. V. A. Saleem Head of Global Transaction Banking UAE; Frank Hamer, Managing Director and Head of Global Transaction Banking at NBAD; Christopher Moore, Publisher and CEO of EMEA Finance, and Sultan  AlMidfa, Global Transaction Banking Sales Manager
11:14 GMT

The National Bank of Abu Dhabi, the Number One Bank in the UAE, has been named Best Cash Management Services in the Middle East at the EMEA Finance Treasury Services Awards ceremony.

During the event
08:05 GMT
(press release)

Jordan Ahli Bank recently completed the first training session for the European Business Competence * License Certification (EBC*L) in collaboration with (Scoopi Company).

September 22, 2013

During the event
11:55 GMT
(press release)

Al Ansari Exchange has concluded ‘Al Ansari Rewards, Summer Promotion 2013’ with the awarding of a total of AED 2 million worth of cash plus 10 brand new cars.

EIB Prepaid Card
10:03 GMT
(press release)

Emirates Islamic Bank announced the launch of the Emirates Islamic Bank Prepaid Card.

Mashreq & Visa during the launch of the product
07:46 GMT

In partnership with VISA, Mashreq Supplementary Debit Card can be offered to any member of an account holder’s family without the need of opening a joint account. Further.

September 19, 2013

Emirates NBD officials at SIBOS 2013
13:08 GMT
(press release)

Emirates NBD completed its successful involvement as an exhibitor in SIBOS 2013.

Qatar’s four Islamic lenders will almost double their asset base to $100bn by 2017.
10:52 GMT

Spending for the world’s most-watched sporting event will spur lending for roads, stadiums and hotels.