Banking & Finance

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Islamic lenders Masraf al Rayan and Qatar Islamic Bank were the main reasons for the index's increase (File/AFP)
April 17, 2014 - 17:07 GMT
Qatar's main index rose 1.1 percent, making it the highest close since June 2008.

March 21, 2013

The LMA has refused Egyptian banks access to the domestic market
10:10 GMT

Libya's financial authority refuse Egypt's top bank entry

One NBAD Tower, NBAD Head Office, during Earth Hour in previous years
09:03 GMT

The National Bank of Abu Dhabi will be joining millions globally on March 23, 2013 to observe Earth Hour, the world's largest campaign for the environment, for the fourth consecutive year.

Dubai's electricity and water authority are not planning any more Islamic bond sales
07:58 GMT

Dubai Electricity and Water Authority (DEWA) is not expecting to issue more Islamic bonds before 2015 if electricity demand growth in the emirate remains steady, its chief executive said on Wednesday.

March 20, 2013

NCB Capital
08:22 GMT
(press release)

NCB Capital reduces its Net Interest Margin estimate due to increasing competition and expects a 9bps decline in margins from a previous estimate of flat NIMs.

National Bank of Abu Dhabi HQ (Gulf News)
07:43 GMT

National Bank of Abu Dhabi ranked 50 out of the top 500 banks by size.

Nuclear power plant in Iran
07:07 GMT

Bank Mellat is appealing to the Supreme Court against sanctions imposed over nuclear links.

March 19, 2013

13:49 GMT

Sabah Khalil will remain on the bank's board.

NBAD Head Office
08:45 GMT

The National Bank of Abu Dhabi retains its title as the safest bank in Middle East and confirmed its standing in the Global Finance’s ranking of the World’s 50 Safest Banks for the fifth consecutive year.

The World Bank's International Finance Corp is planning to swap local Egyptian currency for dollars
07:46 GMT

The World Bank’s International Finance Corp is reportedly planning to conduct currency swaps in Egypt to help local firms meet their foreign exchange needs.

Arab banks have threatened a pull out from Cyprus (YIANNIS KOURTOGLOU / AFP)
06:34 GMT

Following the decision to place a levy on savers as part of a bailout deal in Cyprus, almost causing a run on the banks, Arab institutions may abandon the smallest region in the Eurozone if the savings tax isn't reversed, the head of the World Union of Arab Bankers warned.

March 18, 2013

Bank workers in Lebanon are taking industrial action over labor agreements
12:46 GMT

Bank workers in Lebanon have taken are following in the footsteps of public sector workers and taking industrial action over labor agreements.

Andrew Ball, Head of Retail Banking
12:27 GMT
(press release)

International Bank of Qatar announced two key executive appointments within Retail Banking.

Mr. Amr El Kasaby, Burgan Bank’s Group Chief Internal Auditor
09:28 GMT
(press release)

Burgan Bank recently held the first Group Internal Audit Meeting in 2013 under the leadership of Burgan Bank’s Group Chief Internal Auditor, Mr. Amr El Kasaby.

NCB Capital
04:47 GMT
(press release)

In its latest update on the Petrochemicals sector, NCB Capital upgrades APPC and Yansab to Overweight, while maintaining all other ratings.

March 17, 2013

Adnan Chilwan, Deputy Chief Executive Officer, DIB
12:29 GMT
(press release)

Dubai Islamic Bank announced that it has extended the deadline for acceptance of Tamweel share swap applications.