Banking & Finance

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The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
December 17, 2014 - 00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

October 20, 2013

Super Basketball Little League
13:03 GMT
(press release)

Jordan Ahli Bank recently sponsored the Jordanian Schools’ Super Basketball Little League hosted at the Sports Club for the second consecutive year.

During the event
12:25 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, inaugurated its representative office in Toronto, Canada recently.

Emirates Islamic Bank
10:49 GMT
(press release)

Emirates Islamic Bank announced that it had partnered with Sharaf DG to offer its cardholders the opportunity to get additional 10 per cent cash back on all purchases made during GITEX 2013.

October 13, 2013

Gulf Capital
11:46 GMT

A survey of the top 50 SMEs in the UAE showed an overwhelming majority are planning on hiring additional employees in the next six months.

Mark Watts, the General Manager, Head and Chief Investment Officer of NBAD’s Asset Management Group
11:26 GMT

The National Bank of Abu Dhabi’s MENA Bond Fund will pay to its investors a semi-annual distribution equal to2.18% for US dollar share class and 1.51% for the dirham share class of the Net Asset Value unit of US$4.9556 and AED4.9556.

In April 2013, Jordan received the second tranche of the loan to finance projects under the programme, at a total of $385 million
10:40 GMT

The International Monetary Fund (IMF) executive board has agreed to dispense the third tranche of its “Stand-By Arrangement” (SBA) loan for Jordan to finance projects at a total of $258 million.

eShopper Card
10:13 GMT
(press release)

Emirates Islamic Bank announced the launch of its eShopper Card, a supplementary card that has been specifically designed for online shopping.

QNB Group
09:05 GMT
(press release)

QNB Group announced its results for the nine months ended 30 September 2013.

08:42 GMT
(press release)

Some 800,000 refugees will be using these electronic cards – or “e-cards” – at participating shops in Lebanon under an initiative realized with the technical support of WFP’s private sector partner, MasterCard.

October 9, 2013

Qatar National Bank head office
07:01 GMT

QNB Group, the World’s Strongest Bank and the leading bank in the Middle East and North Africa, announced its results today for the nine months ended 30 September 2013.

October 8, 2013

Gul Khan, Head of Consumer Banking ADIB Egyp
05:53 GMT
(press release)

Following the expansion plan of Abu Dhabi Islamic Bank (ADIB) - Egypt in the Egyptian market, ADIB Egypt, launched its new campaign entitled "Saving Festival".

October 7, 2013

Al Hilal Bank
11:17 GMT
(press release)

Al Hilal Bank (AHB), rated A1by Moody's and A+ by Fitch, priced its highly successful debut USD 500 million Sukuk issued at par with 3.267 per cent semi-annual profit rate.

Dubai Islamic Bank
09:05 GMT
(press release)

Dubai Islamic Bank has announced that it is offering free remittances for its customers transferring funds to Pakistan.

NCB Capital
07:56 GMT
(press release)

HSBC and NCB Capital announced the completion of the largest ever government guaranteed Sukuk in Saudi Arabia for the General Authority of Civil Aviation.

October 6, 2013

Kuwaiti officers are treating the case as one of money laundering.
12:09 GMT

A Syrian caught trying to smuggle 500,000 euros in cash through Kuwait airport said that he had received the money from charity organisations.