Banking & Finance

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in late 1998, or 2009, the surge in the US dollar is a huge deflation shock to the Gulf’s pegged currencies and its impact will be a major.
September 29, 2014 - 13:16 GMT
This seismic financial macro event has huge implications for the Gulf’s equity, property markets and liquidity engines, now that Brent crude has fallen $20 a barrel in the past three months

August 7, 2014

Gulf Bank
11:38 GMT
(press release)

Gulf Bank’s special commercials for Ramadan this year proved to be highly popular with YouTube viewers, ranking #1 in viewership with more than 700 thousand views throughout the Holy Month.

The latest US country report on terrorism said there were increased reports in 2013 of Kuwait-based private individuals funnelling charitable donations.
11:03 GMT

The Islamic Affairs Ministry announced the same day it was suspending all types of fund-raising inside mosques, including for the “Syrian people”.

Mr. Wasef Jabsheh, Vice Chairman and Chief Executive Officer of IGIH
09:44 GMT

International General Insurance Holdings Limited (IGIH) today reported earnings for the 1st half, 2014 financial year.

August 6, 2014

Emirates Islamic
11:58 GMT
(press release)

Emirates Islamic, announced the launch of a two-month campaign aimed at encouraging customers to increasingly use the bank’s digital banking platforms.

Turkey's economic growth beat expectations in the first quarter of 2014 by registering a 4.3 percent year-on-year expansion in its gross domestic product (GDP),
04:55 GMT

Turkey's economy minister joined a government-led chorus suggesting that the country is being treated unfairly by international rating agencies.

August 5, 2014

Brazil is a significant exporter of Halal foods. In 2013 it shipped 1.48 billion tonnes of chicken to the Middle East.
20:29 GMT

In January Abu Dhabi Equity Partners invested in a livestock financing programme to fund the fattening of 70,000 cattle heads - the equivalent of entire UAE's annual import of beef.

During the event
08:54 GMT
(press release)

Burgan Bank announced today that it has won the coveted ‘Best Domestic Cash Management Bank of the Year” award from the Asian Banking and Finance Magazine’s Wholesale Banking Awards 2014 in Singapore.

Nimish Dwivedi, Head of Payments, Mashreq
07:21 GMT
(press release)

Affirming its commitment to its customers, UAE’s leading financial institution announced a host of exceptional surprises including additional rewards for its debit and credit cardholders during Dubai Summer Surprises (DSS) 2014.

t the moment foreigners cannot directly own Saudi Arabian stocks. But they can enter into a complex proxy arrangement whereby a Saudi national owns the shares but they benefit from the share price movements and dividends.
04:55 GMT

Foreign investors spend a total of $941 million on Saudi proxy shares last month, more than double the amount in June after an announcement promised full ownership rights early next year.

August 4, 2014

During the event
11:49 GMT
(press release)

Dubai Islamic Bank, the largest Islamic Bank in the UAE, has announced today that it has signed an agreement with Union Properties PJSC, the property developer, to provide it with an AED 360 million re-financing facility.

During the event
10:32 GMT
(press release)

In continuation of its free training programs geared toward SMEs, Jordan Ahli Bank's Small and Medium Enterprise (SME) Academy Unit recently held a new training workshop on essential human resources planning.

Interactive Intelligence founder and CEO Dr. Donald E. Brown
05:25 GMT
(press release)

Interactive Intelligence Group reported record attendance at its global INTERACTIONS 2014 customer and partner conference, which drew 2,200-plus attendees from 42 countries.

The conglomerate, in which sovereign fund Investment Corp of Dubai owns an 11.5 per cent stake, posted a net profit of Dhs805 million ($219.2 million).
04:55 GMT

Dubai Investments said on Sunday that its net profit for the first six months of the year more than doubled, on the back of gains from the divestment of one of its assets.

August 3, 2014

Investment Dar was one of several local financial firms which struggled to refinance debt in the aftermath of the global economic crisis.
18:57 GMT

Investment Dar has been embroiled in a long-running legal battle with Commercial Bank of Kuwait over a stake in Kuwaiti Islamic lender Boubyan Bank.

Foreign investors were net buyers of LE609.1 million worth of shares, however the Egyptians were net sellers with LE603.7 million.
13:50 GMT

Egypt's stocks hit a whopping rise on Thursday in the first trading following Eid Al-Fitr holiday, as the main index registered its highest increase in six years.