Banking & Finance
January 30, 2014
First Gulf Bank achieved its 14th consecutive year of positive bottom line growth in 2013, with record 2013 Net Profits of AED 4.77 billion, representing a 15% increase from AED 4.15 billion in 2012.
January 28, 2014
The United Arab Emirates central bank's foreign currency assets fell to Dh269 billion ($73.2 billion) in October 2013 from $284.3 billion the previous month, representing the largest fall since 2009.
Emirates NBD has joined hands once again with ‘golf in DUBAi’ as co-sponsor, Official Bank and Caddy Bid Sponsor for the Omega Dubai Desert Classic, for the 25th successive year.
alizz islamic bank has completed the installation of its Data Centre and Disaster Recovery Infrastructure hosted at Oman Data Park (ODP), Oman’s first cloud and managed service provider.
Iraq plans to establish a state-funded investment bank to help finance big infrastructure projects and steer money towards private sector companies which need it.
For the fourth year in a row, NBK Capital sponsored the sixth annual CFA Charter Award Ceremony organized by CFA Kuwait.
January 27, 2014
Turkey ramped up its defence of the lira on Monday when the central bank announced a crisis meeting after currency intervention failed to support the currency.
Banking and economic expert Bassant Fahmy explained that the move is aimed at limiting the authority of exchange companies.
Doha Bank, the leading private commercial and progressive bank in Qatar, has received the coveted ISO 20000-2011 certification for its continuous compliance to global standard for IT Service Management.
The National Bank of Abu Dhabi has partnered with Etihad Airways’ award winning loyalty programme, Etihad Guest, enabling the Bank’s credit card holders to convert their NBAD Stars to Etihad Guest Miles.
January 26, 2014
Saudi Arabia holds 15th position among the world’s leading economies in creditworthiness, said a survey conducted by S&P Capital IQ.
The National Bank of Abu Dhabi has appointed Anton Martin the Managing Director & Head of Sales in the Global Markets to lead marketing of NBAD’s institutional, corporate and credit products.
Emirates Islamic further reiterated its commitment to Emiratisation today, with the launch of two in-house training programmes focusing on UAE National school and university graduates.
The lira's steep decline comes amidst a similar free fall in other emerging market currencies against the greenback.
"This was in spite of the challenging environment in the region with the solid growth in operating income reflecting prudent and conservative policies the bank preserved and the strategy it pursued," Al-Masri said.