Banking & Finance

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United Arab Bank (UAB)
January 19, 2015 - 14:25 GMT
United Arab Bank, UAB, has made a contribution of AED250,000 to Al Thiqah Club for the Handicapped, another milestone in the Bank’s long-standing relationship with an organisation that provides invaluable support for people with special needs in the UAE.

December 8, 2014

Most stock markets in the Gulf fell on Monday after oil prices sank to new lows and Dubai's index dropped as investors dumped shares in Emaar Properties
17:07 GMT

While there was no fundamental reason for such a steep drop by Dubai's biggest listed property firm, the most likely explanation was a sell-off by investors.

During the event
07:55 GMT
(press release)

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, commemorated the 43rd UAE National Day by organising a special ceremony held recently in Dubai.

During the event
04:40 GMT
(press release)

Doha Bank recently hosted a bowling and billiards tournament for its staff members and their families as part of its year-round employee engagement program.

December 7, 2014

Saudi Arabia pumps around 9.7 million barrels per day
12:05 GMT

Standard and Poor's has lowered the outlook for Saudi Arabia to stable from positive and Oman to negative on sliding oil prices.

Sharjah Islamic Bank building
10:20 GMT
(press release)

Sharjah Islamic Bank was awarded the Quality Assurance Certification by the Institute of International Auditors (IIA), USA branch.

Emirates NBD Head Office
07:41 GMT
(press release)

Emirates NBD, a leading bank in the region, today announced the launch of a campaign offering free local transfers to any bank account in the UAE.

December 4, 2014

Doha Bank
08:29 GMT
(press release)

Doha Bank, the leading private commercial bank in Qatar, has successfully closed a Project Finance deal of KD 25 Million with Kharafi National of Kuwait.

The government usually ends up spending substantially more than its budget plan, overspending by an annual average of 25 per cent in 2004-2013.
05:55 GMT

As recently as last month, the International Monetary Fund predicted Saudi Arabia would enjoy a fiscal surplus of 1.6 per cent of gross domestic product in 2015. Now, private economists are talking of a deficit of over 1 per cent..

Emirates NBD National Day
04:40 GMT
(press release)

Emirates NBD, a leading bank in the region, paid tribute to His Highness the late Sheikh Zayed Al Nahyan, and created a calligraphy portrait of the father of the nation at Dubai Mall.

December 3, 2014

National Bank of Oman
12:27 GMT
(press release)

National Bank of Oman today announced the appointment of His Excellency Abdul Rahman bin Hamad Al Attiyah and Mr. Mohammed Ismail Mandani Al Emadi to the Board.

Emirates NBD
06:54 GMT
(press release)

Emirates NBD, a leading bank in the region, today announced that it has extended its DirectRemit 60 seconds money transfer service to the Philippines.

December 2, 2014

Mr. Majed Essa Al Ajeel, the chairman of Burgan Bank
12:01 GMT
(press release)

Burgan Bank, Kuwait’s second largest commercial bank by assets, announced today the successful completion of its capital increase through the rights issuance announced earlier.

NCB Capital
07:07 GMT
(press release)

NCB Capital has been named the best overall Research House in the annual Euromoney Middle East Equity Research awards for 2014.

December 1, 2014

The suspension could have major implications for Saudi companies and the auditing market in the kingdom.
11:52 GMT

Saudi Arabia’s market regulator has suspended the local unit of accountancy firm Deloitte & Touche from doing auditing work.

Abdulla Aleter, Head of Human Resources, and graduates of National Bank of Fujairah’s Management Trainee Programme
10:15 GMT
(press release)

National Bank of Fujairah (NBF) has announced that thirteen UAE Nationals joined the fifth iteration of its Management Trainee Programme (MTP) today.