Banking & Finance

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 A positive response from bank customers to use their Emirates ID cards as ATM cards proves the UAE’s residents’ keenness to adopt latest technologies without any apprehension.
Today
Since the bank introduced this service on September 7, more than 8,000 customers have registered their ID cards with the bank to use them as ATM cards.

June 30, 2013

Kuwait banks enjoy rising credit
12:10 GMT

National Bank of Kuwait claims credit growth across many sectors

EIB Payroll Card
10:13 GMT
(press release)

Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, today announced the launch of the “Payroll Card”.

Al Ansari Exchange
09:52 GMT
(press release)

Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, has launched the “Al Ansari Rewards, Summer Promotion 2013”.

NBAD Organizes Investment Session for Women Entrepreneurs
09:48 GMT

The National Bank of Abu Dhabi organized the third Fusati Event that offered women entrepreneurs insight into wealth management across asset classes and using offshore trusts to preserve wealth.

Dubai Investments
05:47 GMT
(press release)

Dubai Investments hosted a health camp for labourers at Dubai Investments Park, in association with Prime Medical Center.

June 27, 2013

Emirates NBD
11:49 GMT
(press release)

Emirates NBD announced that it had won the INSIGHTS Middle East Call Centre Awards 2013 in the Best Sales Program Criteria, reflecting the customer oriented quality services offered by the bank’s call centre.

Lebanese-Canadian Bank
11:21 GMT

The Lebanese-Canadian Bank has reached a $102 million settlement with the U.S. government over allegations it took part in a scheme to launder drug money and other funds for terrorists.

Bank Sohar
11:18 GMT

Fitch Ratings has affirmed Oman-based Bank Sohar's Long-term Issuer Default Rating (IDR) at 'BBB+' with a Stable Outlook.

Zain Building
11:17 GMT

Loss-making telecom operator Zain Saudi has gained more time - until July 31 - to repay a $2.4 billion Islamic loan due on Wednesday, the company said in a bourse statement.

NBAD wins Corporate Governance Award
08:51 GMT

The National Bank of Abu Dhabi has won Hawkamah Bank Corporate Governance Award 2013 at Bankers Middle East Industry Award.

June 26, 2013

The Abu Dhabi Fund for Development has signed a memorandum of understanding with Morocco
13:11 GMT

The Abu Dhabi Fund for Development has signed a memorandum of understanding with Morocco for a $1.25 billion grant to be used for the provision of key services.

The proceeds from the issuance will be used to fund the purchase of Islamic financing
11:07 GMT

Cagamas Berhad, the National Mortgage Corporation, announced the issuance of MYR 500 million three-month Islamic Commercial Papers (ICPs), while the proceeds from the issuance will be used to fund the purchase of Islamic financing from the financial system.

New NBAD Credit Cards
11:07 GMT

The National Bank of Abu Dhabi has launched an exciting International Spend Campaign where three NBAD MasterCard cardholders can each win a 2013 MINI Cooper S Coupé.

S2 is 54 percent owned by Abu Dhabi National Energy Co (TAQA)
10:59 GMT

Abu Dhabi's Shuweihat 2 (S2) power plant has mandated six banks to help arrange a potential bond issue, lead arrangers said on Tuesday.

During the event
10:56 GMT
(press release)

Emirates Islamic Bank announced today that it contributed AED 7 million to Dubai Healthcare Authority to support Rashid Hospital in purchasing computed tomography (CT scan) machines.