Banking & Finance

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Non-sovereign debt capital markets could be an alternate way to fund the public sector. (AFP/File)
November 16, 2014 - 10:39 GMT
MENA non-sovereign debt capital markets make up a small part of financial markets but then again, have potential to replace private sector funding as an alternative source.

September 12, 2013

Art by Thajba Najeeb
09:15 GMT
(press release)

Thajba Najeeb will offer a colourful and fascinating glimpse of the soul and splendor of Lahore.

Free Styler wows the visitors by performing soccer tricks at the UAB stand organised for the bank's alliance with FC Barcelona
05:50 GMT

United Arab Bank’s promotion at Mirdif City Centre has been in full swing this week attracting many Barca fans to their large activity area.

September 11, 2013

Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds
13:03 GMT

Qatar agreed to convert a $2 billion deposit with Egypt’s central bank into bonds within a week, Youm 7 quoted central bank governor Hisham Ramez as saying.

Jadawel used the projected income to secure a $900 million syndicated loan from Barclays and other lenders in 2001.
13:02 GMT

According to the Financial Times, the businessman alleges that Barclays actions “amounted to . . . bribery”.

The winners
06:04 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, recently hosted a quiz competition for members of its staff.

September 10, 2013

The bank will cut nearly 80 jobs at its bancassurance division and about 120 jobs at its credit card business, Reuters quoted one banking source familiar with the plan as saying.
14:17 GMT

.First Gulf Bank (FGB) is reportedly cutting around 10 per cent of its workforce as part of a restructuring, according to sources cited by Reuters

Saif Al Mansoori, Deputy Head, Group Marketing & Branding, Emirates NBD
12:45 GMT
(press release)

Emirates NBD, a leading bank in the region, revealed an extraordinary growth in its social media network and the positive impact on customer relations.

NCB Capital
06:36 GMT
(press release)

NCB Capital offers investors all the tools they need to make smarter stock market trading decisions that best suit their needs in the Saudi Stock Market.

September 9, 2013

US Secretary of State John Kerry said that there is “only a political solution to Syria’s war, not a military one”.
14:16 GMT

Analysts in Dubai said the nervousness over an imminent US attack on Syria seemed to have subsided following a statement on Sunday by Kerry.

United Arab Bank CEO Paul Trowbridge described the undisclosed deal as “priceless”.
13:10 GMT

The agreement with the Sharjah-based bank — who recently posted record half-year profits of Dh260 million, representing a 35 per cent year-on-year increase — follows similar Barcelona Middle East tie-ups with telecommunications firm Etisalat and Qatar Airways.

Bank AlJazira
12:46 GMT

Bank AlJazira (BAJ) announced today that its ratings have been affirmed by international credit rating agency Capital Intelligence, demonstrating the strength of the bank’s underlying business model.

Al Hilal Bank
12:20 GMT
(press release)

Al Hilal Bank has announced that it has been awarded an A1 rating by Moody’s and an A+ by Fitch, the highest ratings awarded to an Islamic Bank in the UAE.

DIFC signing ceremony
11:03 GMT
(press release)

Legal and business ties between Australia and the UAE were today cemented through the signing of a Memorandum of Guidance between the New South Wales Supreme Court and the DIFC Courts.

Obaid Al Shamsi, Chief of Human Resources, Dubai Islamic Bank
09:05 GMT
(press release)

Dubai Islamic Bank (DIB) has welcomed the second and third batch of participants for the ‘Masrafi’ programme, following the successful completion of the first round of the initiative earlier this year.

September 8, 2013

Qualified customers will enjoy free holiday packages, with the flexibility to choose their destinations. They will also have a chance to start repayment for their loans next year.
15:36 GMT

The offer us valid on new personal loans as well as on transfer or top-up of existing loans.