Banking & Finance

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Bullish comments about Arabtec and its shares by then-chief executive Hasan Ismaik, who resigned in June, helped to fuel investor interest in the stock.
July 8, 2014 - 15:34 GMT
in a statement after its chief executive met with heads of the central bank, the economy ministry and the Dubai and Abu Dhabi stock exchanges.

May 16, 2013

Credit is likely to maintain the current trajectory
12:57 GMT

Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.

Campus career fairs
10:13 GMT
(press release)

Emirates Islamic Bank participated in the Employment Expo 2013 hosted by Abu Dhabi Men’s College.

Al Hilal Bank
09:41 GMT
(press release)

In December 2010 Al Hilal selected The Core Banking Group’s industry leading testing software - TestManager.

During the ceremony
07:28 GMT
(press release)

His Highness Sheikh Majid bin Mohammed bin Rashid Al Maktoum presented the “Sheikh Mohammed Bin Rashid Al Maktoum Patrons of the Arts” award to Alpen Capital and Bank Sarasin-Alpen.

Dubai Islamic Bank
05:31 GMT
(press release)

Dubai Islamic Bank Group announced that its Long Term Issuer ratings have been affirmed by Moody’s at Baa1

A total of 2,940 trades were executed
04:40 GMT

Positive global equity markets rubbed off on the Muscat Securities Market general index, which closed Wednesday's trading up 0.53 per cent at 6,352.19.

May 15, 2013

Bank Muscat
12:51 GMT

The private placement amounting to 5.28 per cent shareholding stems from the bank’s overall capital augmentation plan.

Dubai Police receiving the award
08:08 GMT
(press release)

Al Ansari Exchange has donated AED 1 million to the Humanitarian Care Section of the Department of Correctional and Punitive Institutions at Dubai Police.

Premium growth was largely in the medical insurance business in UAE
01:23 GMT

Oman National Investment Corporation Holding (ONIC) has reported a net profit of RO3.08mn for the first quarter ended March 31, 2013.

May 14, 2013

Central Bank of Oman
13:16 GMT

The Central Bank of Oman has urged licensed banks operating in the Sultanate to show more interest in financing small and medium enterprises.

Fadi Halout, the NBAD Country Manager in France
10:21 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, will sponsor the Abu Dhabi Investment Forum (ADIF) to take place May 22nd, 2013 in Paris, France.

Alpen Capital
09:41 GMT
(press release)

Sheikh Majid bin Mohammed bin Rashid Al Maktoum award to Alpen Capital and Bank Sarasin-Alpen on 13th May 2013 at an awards ceremony held at the JW Marriott Marquis Hotel.

Islamic banking needs separate regulations and reporting standard
03:55 GMT

Central banks of the Islamic countries have been urged to adopt a separate set of regulation to reduce confusion among Muslim scholars

Dubai Financial Market
03:17 GMT

The UAE markets rose in tandem on Monday, with Dubai Financial Market gaining 0.50 per cent and Abu Dhabi Securities Exchange 0.43 per cent.

May 13, 2013

Qatar’s Premier and Foreign Minister Sheikh Hamad bin Jassem bin Jabr al-Thani
13:19 GMT

The Central Bank of Egypt (CBE) received a $3bn Qatari deposit for the purchase of Egyptian bonds on Thursday, confirmed Nidal Assar, the sub-governor of the CBE.