Banking & Finance
March 21, 2013
Libya's financial authority refuse Egypt's top bank entry
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 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 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 ranked 50 out of the top 500 banks by size.
Bank Mellat is appealing to the Supreme Court against sanctions imposed over nuclear links.
March 19, 2013
Sabah Khalil will remain on the bank's board.
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 reportedly planning to conduct currency swaps in Egypt to help local firms meet their foreign exchange needs.
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 have taken are following in the footsteps of public sector workers and taking industrial action over labor agreements.
International Bank of Qatar announced two key executive appointments within Retail Banking.
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.
In its latest update on the Petrochemicals sector, NCB Capital upgrades APPC and Yansab to Overweight, while maintaining all other ratings.
March 17, 2013
Dubai Islamic Bank announced that it has extended the deadline for acceptance of Tamweel share swap applications.