Banking & Finance

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September 18, 2013

Despite knowing what they want to achieve, investors do not have a clear plan to meet their financial goals.
08:25 GMT

“These findings demonstrate a clear change of direction for regional investors, who are now willing to be more adventurous than ever in their investment decisions,” said Moad Touhami.

Card holders can also enjoy exclusive offers on global hotel bookings, access to global airport lounges, complimentary multi-trip travel insurance and buy-one-get-one-free offers at cinemas across the UAE.
07:14 GMT

Cardholders will also have the chance to win all expense paid trips to watch City play in Manchester and money-can't-buy experiences including exclusive tours of the Etihad Stadium and visits to the training ground to meet the First Team and watch them train.

September 17, 2013

Capital Club
12:15 GMT
(press release)

The Non-Violence Project will soon be opening its first office for the MENA region in Dubai.

Andre Sayegh, Chief Executive Officer, First Gulf Bank
12:13 GMT
(press release)

First Gulf Bank (FGB), one of the major leading banks in the UAE, has agreed a new partnership with Manchester City Football Club to become the Club’s Official Affinity Credit Card Bank Partner.

NBF- Dubai Branch
10:13 GMT
(press release)

National Bank of Fujairah (NBF) has announced the establishment of NBF Trade Services (HKG) Limited, a non-banking subsidiary based in Hong Kong.

State debt is now around 140 percent of GDP, a figure which had fallen in the years of fast growth but which could increase again.
09:18 GMT

Lebanon’s central bank plans a further boost next year to an economy hit by war in neighboring Syria and domestic turmoil, but the package will be smaller than this year’s $1.46 billion, its governor said Monday.

FGB's fire and evacuation training for employees and customers in collaboration with Dubai Civil Defens
05:23 GMT
(press release)

First Gulf Bank, one of the major leading banks in the UAE, has carried out a fire and evacuation training session in collaboration with Dubai Civil Defense at its Jumeirah branch on 16 September 2013.

September 16, 2013

Abu Dhabi Commercial Bank
13:20 GMT

Deutsche Bank and Abu Dhabi Commercial Bank signed a Memorandum of Understanding to use Deutsche Bank’s Autobahn App Market.

The winner
10:53 GMT
(press release)

Jordan Ahli Bank recently announced Hussein Abu Saleem, a dentistry student at Egypt University for Science and Technology, the 17th lucky winner of its monthly Jame’ati account grand prize.

Sunday’s surge came amid report that investment by Gulf states in the UAE stock market surged almost 40 per cent in 2012 to $2 billion in shares.
10:07 GMT

The benchmark DFM General Index, which had been on a consistent slide over the past several weeks since reaching a five-year high on August 2 reached the highest in almost three weeks.

“Despite ongoing economic and geopolitical uncertainties, the world’s ultra wealthy population reached an all-time high of 199,235 individuals with a combined fortune of nearly $28 trillion in 2013."
08:51 GMT

About 5,300 rich people in the Middle East have a wealth of $880 billion, but which country has the lion's share of billionaires?

Anil Kapur, Baha Kamal & Prrasad Katta
08:44 GMT
(press release)

Western Union Business Solutions and Kamal Exchange are celebrating a successful first year of operations in Jordan of Western Union Business Solutions’ cross-border business-to-business payment service for Small and Medium Enterprises.

Dubai Islamic Bank
07:13 GMT

Deutsche Bank and DIB announced the signing of a MoU which will allow DIB to utilise the Bank’s euro cross-border payment clearing solutions and its European trade expertise to facilitate letters of credit into Europe.

NCB Capital
05:42 GMT
(press release)

NCB Capital continues to believe that the banking sector offers a compelling investment opportunity due to a strong loan growth outlook, coupled with the bottoming out of NIMs contraction.

September 15, 2013

“Wall Street continues to focus on increasing its market share and expanding its presence across the UAE, said Sultan bin Kharsham.
09:49 GMT

Located inside the Jumeirah Post Office on Al Wasl Road, the new branch complements Wall Street’s ongoing efforts to strengthen its presence in high potential markets